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Mitti Labs Bags $9.5 Mn To Make Rice Cultivation Water-Efficient

India, Aug. 7 -- Climate tech startup Mitti Labs has raised $9.5 Mn (around Rs.90 Cr) in its Series A funding round led by Aramco Ventures. The round also saw participation from Godrej Industries Grou... Read More


Netflix Launches India Creator Initiative As Ted Sarandos Bets Big On Local Content, AI

India, Aug. 6 -- Netflix has launched the Netflix India Storytelling Initiative, a new programme aimed at training and supporting creators across animation, visual effects, gaming and comics (AVGC), a... Read More


IPO-Bound LEAP India Nets Rs.744 Cr From Anchor Investors

India, Aug. 6 -- Ahead of the commencement of the bidding for its public issue on August 7, logistics tech platform LEAP India has raised Rs.743.6 Cr from anchor investors. The startup allotted 4.67 ... Read More


[Update] Exclusive: HomeRun Raises $12 Mn To Scale Construction Materials Quick Commerce Platform

India, Aug. 6 -- Update | August 6, 2026, 10:15 IST Quick commerce startup for construction and interior materials HomeRun has raised $12 Mn (about Rs.114 Cr) in a Series A+ funding round led by Nexu... Read More


Shiprocket IPO To Open On August 12, Issue Size Cut To Rs.1,617 Cr

India, Aug. 6 -- Logistics major Shiprocket has filed the RHP to raise Rs.1,617 Cr (about $170 Mn) via its IPO, a 30% reduction from the Rs.2,342.3 Cr proposed in its updated DRHP. The issue will ope... Read More


Gains From Unexercised ESOP Buybacks Taxable As Capital Gains: ITAT

India, Aug. 6 -- The Income Tax Appellate Tribunal (ITAT) has ruled that gains arising from the repurchase of vested, unexercised employee stock options (ESOPs) are taxable under the long-term capital... Read More


Lok Sabha Passes Taxation Laws Amendment Bill, Clearing Path To Levy MDR On UPI Payments

India, Aug. 6 -- The Lok Sabha on Thursday (August 6) passed the bill amending the Taxation and Other Laws (Amendment) Bill, 2026, to further amend the Payment and Settlement Systems Act, 2007. The am... Read More


Fisdom Cofounders Set To Exit Groww A Year After $150 Mn Acquisition

India, Aug. 6 -- Wealth management startup Fisdom's cofounders Subramanya SV and Anand Dalmia are set to exit Groww upon completing a one-year planned transition, following the listed fintech major's ... Read More


Wakefit Q1 Profit Increases 19% YoY To Rs.23.4 Cr, Revenue Crosses Rs.400 Cr

India, Aug. 6 -- Mattress maker Wakefit saw its net profit for the June quarter (Q1 FY27) increase 19% to Rs.23.4 Cr from Rs.19.6 Cr in the year-ago quarter. Sequentially, the company's profit plunged... Read More


Meta's Zuck Apologises, PB Fintech Roars In Q1 & More

India, Aug. 6 -- Meta In Choppy Waters After being pulled up by the Centre over content moderation lapses, including the recent removal of PM Narendra Modi's Facebook video, Meta CEO Mark Zuckerberg ... Read More