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    <title>StartGrid</title>
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    <description>Funding rounds, M&amp;A, IPOs, policy shifts, and deep-tech developments across India and globally.</description>
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    <copyright>Copyright 2026 StartGrid</copyright>
    <lastBuildDate>Thu, 17 Sep 2026 20:15:02 +0000</lastBuildDate>
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    <item>
      <title><![CDATA[Kissht parent OnEMI board approves Rs 832 crore preferential issue]]></title>
      <link>https://startgrid.store/news/7683e965-69ea-4d4a-b5dd-c94de98d69d4</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Business</category>
      <pubDate>2026-09-17T17:41:30.550791+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Baby-focused quick commerce startup Kiddo raises Rs 12.5 Cr led by Campus Fund]]></title>
      <link>https://startgrid.store/news/d1c3a24b-498e-4f70-b9e0-10a4ea3071f1</link>
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      <description><![CDATA[Baby-focused quick commerce startup Kiddo has raised Rs 12.5 crore in a pre-seed funding round led by Campus Fund, with participation from a group of strategic angels. The fresh funds will be used for customer acquisition, dark store expansion across Delhi NCR, technology and product development, and team building, Kiddo said in a press release. Launched last year by Ankit Kawatra, Kiddo delivers baby care and parenting essentials within minutes. The startup combines quick delivery with life-stage based product recommendations for parents. According to a market report, India’s baby care market reached $31 billion in 2022 and is projected to reach $56 billion by 2029, growing at a CAGR of 13% to 14%. Kiddo claims to have curated more than 30,000 SKUs across essentials, fashion and other categories since inception. It targets high-income households and currently operates in Delhi NCR, with plans to expand its dark store network by the end of the year. The company also claims its blended gross margin is higher than the typical margins of horizontal grocery quick commerce players. Kiddo competes with players such as FirstCry, AllThingsBaby and OZi in the baby and kids’ commerce segment. Gurugram-based OZi raised $3.3 million in seed funding from Blume Ventures in October last year and later secured $6.2 million in a Series A round led by RTP Global in March this year. The platform offers more than 15,000 products with delivery within 60 minutes. Bengaluru-based Peeko, another babycare-focused quick commerce platform, raised $3.2 million from Stellaris Venture Partners in August last year and later secured Rs 67.4 crore in a Series A round led by Chiratae Ventures in August 2026. It offers products across baby apparel, toys, gear and consumables. The segment is also seeing established players such as FirstCry expand faster-delivery services as demand for convenience in the parenting category grows. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-17T14:40:09.730982+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Kuku Technologies gets Sebi approval for proposed IPO]]></title>
      <link>https://startgrid.store/news/d57d6982-5c26-46f1-8665-6835c1df5725</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-17T14:39:57.568448+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Daily Indian Funding Roundup & Key News - 17 September 2026: DheyaTech Raises ₹43 Crore, NSE Raises ₹6,746 Crore From Anchor Investors, and More]]></title>
      <link>https://startgrid.store/news/5c3a3a86-415d-4460-9a85-7ab82cc41ca1</link>
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      <description><![CDATA[Here's your daily dose of Indian startup funding roundup and key business news for 17 September 2026. DheyaTech raises INR 43 crore, NSE raises INR 6,746 crore from anchor investors, and Practo announces a leadership reshuffle. Five funding rounds closed on 17 September 2026, spanning deep tech gas turbines, industrial workforce, laundry and home cleaning, metal procurement, and wealth-tech. Avaana Capital, Info Edge, GVFL Prarambh Fund and Exar North Group were among the day's lead investors. The headline raise is DheyaTech's INR 43 crore pre-Series A round to scale its gas turbine engine business. Away from funding, NSE raised INR 6,746 crore from anchor investors ahead of its IPO opening today, Practo announced a leadership reshuffle with Jagnoor Singh replacing cofounder Shashank ND as CEO, and PB Fintech moved to acquire the remaining stake in MyLoanCare. DheyaTech raised INR 43 crore in a pre-Series A roundled by Avaana Capital, with participation from Unimech Aerospace and Manufacturing. The fresh capital will scale production, set up an integrated testing facility for its gas turbine engines, and work with domestic and global customers to accelerate deployment timelines. Founded in 2018 by Gurushankara K C, Abhinav Alva and Chetan Kumar, Bengaluru-based DheyaTech develops micro gas turbine engines and energy systems for aerospace and power generation, with an engine portfolio spanning 20 kgf to 400 kgf of thrust. The company's gas turbines are entering commercial deployment, with flight trials planned for Q4 2026, and it has already received confirmed orders from Indian and global OEMs. Enlight Metals raised $1.5 million from US-based investment firm Exar North Group at a valuation of $10 million. The proceeds will develop its Agentic AI-enabled procurement platform, strengthen technology infrastructure, and expand operations across the metal procurement ecosystem. New Delhi-based Enlight Metals combines steel sourcing and distribution with technology, and claims its AI-led platform has cut end-to-end transaction processing time by 75% and reduced supplier matching time from 5-7 hours to under three minutes. The company operates facilities in Pune, Mumbai and Raipur, plans to expand to Ahmedabad and Indore, and is targeting around INR 1,200 crore in revenue next financial year. Factrika raised INR 8.9 crore in a seed round led by Info Edge. The proceeds will strengthen its team, enhance its technology, and expand into more industrial clusters across India. Founded in 2024 by Kshitij Puri and Gaurav Asthana, Delhi-based Factrika is an on-demand industrial workforce platform that connects manufacturers with skilled and verified factory workers, claiming to deploy workers within two hours with a show-up rate above 90%. The startup has more than 10,000 registered workers across over 20 skill categories, with clients including Lenskart, Asahi India Glass and Jubilant Foods. Ecosys raised INR 5 crore in a pre-Series A round led by GVFL Prarambh]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-17T14:30:14+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[DheyaTech bags Rs 43 crore to take indigenous gas turbine engines to market]]></title>
      <link>https://startgrid.store/news/2355fa36-1feb-4245-ba35-5e589e11a7c7</link>
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      <description><![CDATA[India’s small gas turbine ambitions are moving from the lab towards commercial deployment. Bengaluru-based deep-tech company DheyaTech has raised Rs 43 crore in funding led by Avaana Capital, with participation from Unimech Aerospace and Manufacturing Limited. The company, founded by aerospace engineers with more than 15 years of experience at GE Aviation and Rolls-Royce, is developing small gas turbine engines for advanced aerial mobility and energy applications. Small gas turbine design and manufacturing is a highly specialised capability, with fewer than a dozen countries having indigenous capabilities in the technology, according to the company. India has long relied on imported engines in this segment. DheyaTech has spent the past decade developing its technology and now has engines ranging from 20 kgf to 400 kgf of thrust. Its fuel-flexible and hydrogen capabilities are also aimed at applications in propulsion and next-gen power systems. The funding will support higher production, a new integrated testing facility and customer partnerships in India and global markets. The company says its engines are now entering commercial deployment, with flight trials targeted for Q4 this year. It has even received confirmed orders from OEMs in India and overseas. DheyaTech follows a platform approach, developing a family of engines for different thrust requirements and applications. Its in-house engineering team handles the product development process from design and development to manufacturing and testing. The firm has also designed a proprietary adaptive Engine Control Unit (ECU), which manages engine operation across different conditions. “ We have spent the last decade building deep expertise in gas turbine technology with the vision of creating world-class propulsion and energy solutions from India,” said Gurushankara K C, CEO and Co-Founder, DheyaTech. “This funding marks an important step in our journey from technology development to production readiness,” he added. DheyaTech is also seeking independent airworthiness certification for its gas turbine engines, becoming the first private company in India to pursue this pathway under the guidance of CEMILAC-DRDO, according to the company. The certification process is aimed at meeting the reliability and performance requirements for mission-critical aerospace applications. The company is also working on turbomachinery for energy systems. Its hydrogen blower is ATEX-certified, and a collaboration with IISc-Bengaluru has led to a hydrogen-based flexi-fuel combustor for its 60-kW turbogenerator. Avaana Capital Partner Vikas Verma said the company is building technology platforms from India for applications with global relevance. Unimech Chairman and Managing Director Anil Kumar Puthan said the company would continue supporting DheyaTech through its precision manufacturing capabilities for gas turbine components and systems. Founded in 2018, the company is now looking to move beyond technology developme]]></description>
      <category>Funding</category>
      <pubDate>2026-09-17T13:39:09.768910+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[No US pressure in UPI MDR decision; NPCI circular offers no advantage to foreign credit cards: FinMin]]></title>
      <link>https://startgrid.store/news/3761d22e-87b1-4d5c-b3a9-c2ca3ec846b2</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-17T12:38:54.949619+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Taruwar Agro: Three Bihar Friends Built a Rs 2.5 Crore Business from Banana Waste]]></title>
      <link>https://startgrid.store/news/613c7f3f-7789-4429-bac6-ccea5c35652e</link>
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      <description><![CDATA[In Bihar's farms, banana plants are often considered useless after they bear fruit. Farmers typically cut down the remaining stems and remove them from their fields, as they have little practical use once the harvest is complete. However, three friends saw a business opportunity in what others viewed as agricultural waste. Jagat Kalyan, Satyam Kumar, and Nitish Kumar Verma chose entrepreneurship over conventional career paths and began exploring ways to extract fiber from banana stems. Their goal was not just to create a new product but to build a business around Bihar's locally available resources. This vision led to the launch ofTaruwar Agro Industries. Today, the company manufactures a variety of products from banana fiber, including file folders, yoga mats, baskets, and prayer mats. The remaining parts of the banana plant are used to produce vermicompost and plant nutrition liquid, ensuring minimal waste. In FY26, the company recorded revenue of approximately Rs 2.5 crore. The model has created additional income opportunities for farmers, who can now earn from banana plants even after harvesting the fruit. At the same time, the company's processing and manufacturing operations have generated employment opportunities for local communities. Taruwar Agro's journey is more than the story of a startup. It reflects a growing effort to identify business opportunities in Bihar's local resources and create sustainable livelihoods through innovation. The three founders first met while pursuing their MBA. Coming from different parts of Bihar, their friendship gradually evolved into a business partnership. Jagat Kalyan hails from Khagaria and is the only child of his parents. His grandfather was a farmer, while his maternal grandfather worked as a government officer in the agriculture department. His father worked in the banking sector, and his mother is a homemaker. Due to his father's job, the family later moved to Patna. After completing school, Jagat pursued engineering in Bengaluru and later earned an MBA. During his management studies, he interned with companies working in environmental sustainability and Internet of Things (IoT) technologies. After graduation, he received job opportunities from organizations in Tanzania, Dubai, and IDFC First Bank. Despite these prospects, he chose a different path. Along with his friends, Jagat decided to build something in Bihar. Speaking toYourStory,Jagat Kalyan, CEO of Taruwar Agro, said: "All three of us had several job opportunities. We even had chances to work abroad. But during the COVID-19 pandemic, we started thinking that if we were going to work hard, why not do it for ourselves? Why not create something for our state and our people? We wanted Bihar to produce something that could earn recognition at both national and global levels." The founders then began researching Bihar's natural resources and the business opportunities associated with them. Nitish Kumar Verma is from Bihar Sharif. He completed hi]]></description>
      <category>Business</category>
      <pubDate>2026-09-17T12:38:52.041905+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[From idea to enterprise: Designing startup programmes that deliver long-term impact]]></title>
      <link>https://startgrid.store/news/f960081b-c5aa-40b3-a355-9a88639e1abf</link>
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      <description><![CDATA[A founder enters a startup programme with a prototype, a pitch deck, and a mindset that the next few months will take their business to the next level. The programme concludes; the founder has attended numerous mentoring sessions, met investors, and pitched at a demo day. However, there is a question that truly matters: What is different about the business now? These questions matter as India’s startup ecosystem moves into a much larger phase, and we sense that in the numbers as well. More than55,200startups were recognised during FY2025-26, the highest number in a single year since Startup India began, and by March 31, 2026, the number of DPIIT-recognised startups had crossed 2.23 lakh, generating more than 23.36 lakh direct jobs. Instead of measuring support by the number of workshops, mentoring hours, or pitch opportunities delivered, programmes should focus on: What uncertainty did the startup eliminate during its time in the programme? A strong programme should progressively help founders by focusing on whether the problem is real, whether the product solves it, whether customers adopt it, whether they will pay for it, and whether the business continues to grow without the programme. One of the easiest ways for a startup programme to become activity-driven is to measure mentorship by the number of sessions you are delivering throughout the programme. A founder attends a workshop on fundraising, someone does on branding, another on hiring, and another on sales, and by the end of the cohort, the calendar is full, but the business may not be. The better approach is to connect mentorship to the startup's most immediate constraint. A founder still searching for product-market fit may need help interpreting customer feedback and deciding what to build next, and somewhere a startup preparing for its first enterprise customer may need someone who understands procurement, pricing and implementation; on the other hand, a company that has already found demand may need guidance on hiring, unit economics or repeatable sales. That means programmes should move away from a fixed conversation point of mentoring sessions towards a variety of milestone-based supportive sessions. The question should be, "What decision was the founder able to make better because of that mentor?” instead of, "How many mentors did this founder meet? " A prototype can look promising in a presentation. The real test begins when a customer uses it. This makes pilot opportunities one of the most valuable elements of a startup programme. A healthcare device may work technically, but it can be a difficult task for hospital staff to operate. Similarly, a manufacturing solution may solve an operational problem but require an integration that the customer cannot justify. A product may generate interest but fail when its pricing is tested against an actual procurement budget. This is where a pilot becomes essential because it gives entrepreneurs a chance to test their product in a real envi]]></description>
      <category>Policy</category>
      <pubDate>2026-09-17T12:38:50.454595+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Lalit Keshre: Revolutionizing Investment with Groww]]></title>
      <link>https://startgrid.store/news/20388055-8c0f-44a3-bade-2cc79e8276b5</link>
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      <description><![CDATA[Lalit Keshre is the co-founder and CEO of Groww. Explore his early life, education, career journey, Groww's growth, achievements, and key milestones in his entrepreneurial career. Lalit Keshre, Founder and CEO, Groww: a visionary who, through innovative disruption and relentless pursuit, carved a niche that changed the concept of investments for the citizens in India. He nurtured Groww into one of the pioneering investment platforms with the vision to enable millions in informed financial decisions. A story of passion, persistence, and the urge to make a difference in the financial ecosystem that would last for generations is that of Lalit-from being a technology enthusiast to founding one of India's leading fin-tech startups. In this StartupTalky article, we will exploreLalit Keshre's success story, including his early life, history, net worth, childhood, personal life, education, achievements, and more. Lalit Keshre - Early Life and EducationLalit Keshre - Career Highlights of Lalit KeshreLalit Keshre - Awards and Industry RecognitionLalit Keshre - PhilanthropyLalit Keshre - Personal LifeFacts About Lalit KeshreLalit Keshre - Impact on the Financial Landscape Born in Jabalpur, Madhya Pradesh, Lalit Keshre was brought up in a farming family that gave ample importance to education and innovation. Since his childhood, he has been fascinated with technology and solving problems; this curiosity actually laid the bedrock for his journey as an entrepreneur. Later, Lalit did his higher education in Electrical Engineering from IIT Bombay. The time he spent at IIT was filled with innovative enthusiasm, and the drive to solve day-to-day world problems with its support helped him a great deal. Outside of academics, he was part of extracurricular activities during which he nurtured his leadership and teamwork attributes. Theidea of entrepreneurshipstruck Lalit Keshre when he realized that in India, there was a dire need for something as simple as an easy-to-accessinvestment platform. He saw the opening and, having the vision to democratize investment, he co-founded Groww in 2016, leading the scale-up of the platform from a mutual fund-only platform into offering a gamut of investment products including stocks, Exchange Traded Funds-ETFs, gold, US equities, and fixed deposits. In 2023, Groww crossed over 50 million users, emerging as one of the fast-movingfintech firms in India. Meanwhile, Lalit kept his eyes on the needs of the customer and stood out for his commitment to transparency. He led Groww through several funding rounds at top valuations with top investors such asTiger Global,Sequoia Capital, and Ribbit Capital. In 2021, the platform achieved Unicorn status when it crossed over $1 billion in valuation, crossing over $3 billion by 2023, thus strongly making its leadership positioning statement in the booming Indian fintech space. His art of painting a clear vision and delivering on that promise consecutively was crucial in gathering investor confide]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-17T10:42:00+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Practo elevates Jagnoor Singh to CEO, Shashank ND to Executive Chairman]]></title>
      <link>https://startgrid.store/news/6792a4b4-8fc3-42bb-a8d8-3c29ff88d5f1</link>
      <guid isPermaLink="true">https://startgrid.store/news/6792a4b4-8fc3-42bb-a8d8-3c29ff88d5f1</guid>
      <description><![CDATA[Healthcare platform Practo has announced a new leadership structure as it enters its next phase of growth. Founder and CEO Shashank ND Singh has been elevated to Managing Director and Executive Chairman, while former Chief Operating Officer Jagnoor Singh has been appointed Chief Executive Officer, effective September 1, 2026. As Executive Chairman, Shashank will continue to oversee Practo’s overall vision, product and strategy. He will also focus on long-term innovation, capital strategy, inorganic growth and corporate development. Jagnoor Singh joined Practo as COO in January 2025 and has been leading the company’s growth strategy and expansion into new markets. Before Practo, he held senior operating roles at Bharti Airtel, Unacademy and OYO. As CEO, he will oversee Practo’s strategy, growth and operations across its global markets. Practo has also expanded the roles of several long-standing leaders. Siddhartha Nihalani, co-founder, has been appointed COO-B2C, while Rowel Coelho, previously Head of Monetization, will serve as COO-B2B. Co-founder Abhinav Lal has been named Chief Scientist and will lead the company’s work on AI research and partnerships in healthcare. The leadership changes come as Practo expands its consumer platform into the UAE and US. The company claims it is growing 40% year-on-year and has remained profitable for the past two and a half years. Practo currently connects users with more than 700,000 doctors and healthcare providers globally and operates its hospital management platform Insta across 1,200 facilities. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-17T09:37:33.434678+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Will UPI MDR be a new revenue engine for fintech firms?]]></title>
      <link>https://startgrid.store/news/18d95956-0b0f-4152-8e43-e4208126b66f</link>
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      <description><![CDATA[The ecosystem is bullish on valuations of fintech firms following the government’s introduction of the merchant discount rate (MDR) on UPI transactions above Rs 2000. The positive strides began with Paytm’s stock price moving up 7% on Wednesday. Investors and people aware of the sector say valuations may witness an upward trend for the next few quarters, adding that the exact effect can be detemined only thereafter. “The recent introduction of UPI MDR can make established incumbent payment-led businesses inherently more profitable,” said Deepak Gupta, General Partner, WEH Ventures. He added that investors can now invest in payments as a standalone business, rather than expecting companies to make money later from selling other financial products or services to their payments customers. The government has set a 0.4% charge on UPI payments above Rs 2,000 to merchants and capped the fee at Rs 300 for payments of Rs 75,000 and above as it rolled out a framework for large digital merchant payments. According to investor and trader Meshach Manohar, who closely tracks the fintech space, the impact of MDR on valuations could be limited. “Until now, fintech companies have offered UPI transactions for free largely to collect transaction data and understand customers' buying patterns. That data could then be used for cross-selling credit and other financial products,” he said. While the new MDR could provide a small boost to the companies' revenues and profits, it is unlikely to have a major impact on their bottom line, he added. "There could be a few percentage points of improvement in profits, perhaps around 0.5% to 1%, particularly in the first two quarters.” While fintech and payment firms are largely cheering the recent development, experts caution that it is too early to understand the direction it could take. “We had taken UPI for granted, but if I am charged like a credit card, then I will stop using it. If everyone is justifying, you don’t know customer behaviour. The festive season will show what is happening, but we need to wait for two to three quarters," said Manohar. He added, “For every UPI transaction, the failure rate is 13%, so public sector banks are bleeding. We need resilience and new ways of thinking about UPI for a wider ecosystem." Experts also believe it is still premature to talk about how fintech companies such as Paytm or Razorpay will be affected since consumer behaviour is uncertain. However, brokerage firms like Jefferies and Goldman Sachs have indicated that Paytm and Pine Labs are set to benefit in big way from the move. According to Jefferies, "the industry could generate Rs 150 billion to Rs 180 billion in revenue, to be distributed across issuers, payment apps, acquirers and banks." Jefferies raised its FY28–29 earnings estimates for Paytm by 10–12%, citing potential upside from UPI MDR. The brokerage assumes an effective 40-basis-point revenue pool after accounting for exemptions and pricing pressures. It has also increa]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-17T09:37:18.646715+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Laundry and home cleaning brand Ecosys raises Rs 5 Cr in pre-Series A round]]></title>
      <link>https://startgrid.store/news/21a8602a-9109-438b-a45f-4ebd0b8f9f72</link>
      <guid isPermaLink="true">https://startgrid.store/news/21a8602a-9109-438b-a45f-4ebd0b8f9f72</guid>
      <description><![CDATA[Laundry and home cleaning brand Ecosys has raised Rs 5 crore in a pre-Series A funding round led by GVFL Prarambh Fund, with participation from Proteus Partners, backed by operator-investors Puru Gupta and Sreejith Moolayil. The latest round takes Ecosys’ total funding raised to Rs 7.94 crore. The proceeds will be used to build the brand, reach more consumers through digital channels and develop new formats across laundry and home cleaning, Ecosys said in a press release. Co-founded in 2017 by Sumit Goyal and Chirag Dangi, Ecosys is an eco-friendly cleaning startup that makes sustainable, water-soluble cleaning and laundry pods. Its pods use 10-ml PVA (polyvinyl alcohol) capsules that dissolve completely in water to reduce single-use plastic waste. The Mumbai-based company’s product portfolio includes eco-friendly laundry detergent pods, glass cleaners, floor cleaners, bathroom cleaners and kitchen and utensil sprays. Its formulations are non-toxic and biodegradable and are designed to be kid- and pet-friendly. The products allow users to reuse existing spray bottles instead of buying new plastic containers. According to market research, India’s household cleaners market is growing at nearly 14% annually, more than double the global growth rate. Ecosys said it is positioning itself as a premium, convenience-led brand and sells its products through quick-commerce and e-commerce channels. India’s laundry and home-cleaning startup segment is seeing increased adoption of sustainable, concentrated and water-efficient formats, including laundry pods, plant-based detergents, refill solutions and low-waste packaging. Koparo raised Rs 14.5 crore in an extended pre-Series A round last year, while Cleevo secured $1 million in a seed round. Beco, which offers plant-based home and personal-care products, including laundry liquids and floor cleaners, raised $10 million from Tanglin Venture Partners. Scrubsy raised Rs 27 crore from V3 Ventures in August this year. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-17T08:37:04.531051+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[RentoMojo makes stock market debut at 19% premium]]></title>
      <link>https://startgrid.store/news/8971313a-5933-4708-b854-3f10b57bc638</link>
      <guid isPermaLink="true">https://startgrid.store/news/8971313a-5933-4708-b854-3f10b57bc638</guid>
      <description><![CDATA[Furniture and appliance rental platform RentoMojo made its stock market debut on Thursday, September 17, with its shares listing at a nearly 19% premium over the IPO issue price. The company’s shares opened at Rs 482.45 on the NSE, compared with the issue price of Rs 404, marking a 19.42% premium. On the BSE, the stock debuted at Rs 480, translating into an 18.81% premium. The listing comes after strong investor demand for RentoMojo’s Rs 1,256 crore IPO. The issue was subscribed72.87 times, with the qualified institutional buyers (QIBs) portion receiving bids worth around 177.3 times the shares on offer. The non-institutional investor (NII) portion was subscribed 67.92 times, while the retail portion saw 15.58 times subscription. RentoMojo had fixed the IPO price band at Rs 384-404 per share. The issue comprised a fresh issue of Rs 150 crore and an offer for sale (OFS) worth around Rs 1,106 crore. This means nearly 88% of the issue came from existing shareholders selling their shares, while the company raised Rs 150 crore in fresh capital. The Bengaluru-based company operates a rental platform for furniture and home appliances, allowing consumers to rent products through monthly subscriptions. It caters mainly to urban households and operates across major Indian cities. RentoMojo competes with players such as Pepperfry, Furlenco and Cityfurnish. With its listing, the company has become the first in its segment to hit the IPO market. Earlier, Entrackr reported that several early RentoMojo investors are set to generate significant returns through the IPO, with some early backers expected to clock up to152X returnson their OFS. On the financial front, RentoMojo’s revenue from operations grew 45.5% year-on-year to Rs 387 crore in FY26. Its profit after tax jumped 142% to Rs 104.2 crore, compared with Rs 43.1 crore in FY25 The share price of Rentomojo is currently trading at Rs 502 (as of 10.12 AM), with a total market capitalisation of Rs 5,250 crore ($535 million). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-17T06:36:02.933627+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
      <enclosure url="https://img-cdn.publive.online/fit-in/1200x675/entrackr/media/media_files/2026/03/05/rentomojo-2026-03-05-17-51-01.png" type="image/jpeg" />
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      <title><![CDATA[Enlight Metals raises $1.5 Mn at $10 Mn valuation from Exar North Group]]></title>
      <link>https://startgrid.store/news/82efa8b3-f72d-409f-918e-a1df7e629f4a</link>
      <guid isPermaLink="true">https://startgrid.store/news/82efa8b3-f72d-409f-918e-a1df7e629f4a</guid>
      <description><![CDATA[New Delhi-based metal procurement platform Enlight Metals has raised $1.5 million from US-based investment firm Exar North Group at a valuation of $10 million. The proceeds will be used to develop its Agentic AI-enabled procurement platform, strengthen technology infrastructure and expand its operations across the metal procurement ecosystem. Enlight Metals claims its AI-led platform has reduced end-to-end transaction processing time by 75%, inventory costs by 30% and operational overhead by 60%. It has also reduced supplier matching time from 5–7 hours to less than three minutes. The company currently operates facilities in Pune, Mumbai and Raipur and plans to expand to Ahmedabad and Indore. It will also add new dark stores and focus on customer acquisition and geographic expansion. Enlight Metals is targeting around Rs 1,200 crore in revenue in the next financial year. The company plans to achieve this through expansion and increased use of AI across its procurement and operational processes. Founded to combine steel sourcing and distribution with technology, Enlight Metals said the partnership with Exar North will provide capital, technology and operational support as it scales. The company will also focus on advancing its Agentic AI capabilities and expanding its technology platform. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-17T06:36:02.441619+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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    <item>
      <title><![CDATA[Adidas Confirms Job Cuts at India Tech Hub, Nearly Half of Employees Affected]]></title>
      <link>https://startgrid.store/news/451139cb-cf2a-4ae5-8743-719303ed2cab</link>
      <guid isPermaLink="true">https://startgrid.store/news/451139cb-cf2a-4ae5-8743-719303ed2cab</guid>
      <description><![CDATA[Adidas has acknowledged that it will reduce jobs in its India Technology organization. About 350 of the roughly 700 employees at its Gurugram Tech Hub are likely to be impacted. The company is restructuring its technical operations and the layoffs are aligned with that move. The software developers, data scientists, and data engineers who work at Adidas's India Tech Hub in Gurugram are allegedly among the roughly half of the staff that will be let go. The number of workers impacted is unknown, although Adidas has acknowledged that it is reducing positions inside its technical organisation in India. Adidas announced the "difficult decision" to cut several positions in its India Technology organisation. The decision is said to be the latest stage of the company's continuous endeavours to adapt its operational model to the evolving demands of the business. According to the corporation, the modifications will help streamline some aspects of the organisation. In addition, by eliminating unnecessary positions, Adidas will be better prepared to adapt to changing business and technology trends in the future. In the statement, Adidas expressed its profound appreciation to its employees for all that they have done for the organisation. During this time, the company will provide transition help to its affected employees. Around 350 out of 700 employees at Adidas' India Tech Hub in Gurgaon are reportedly affected by thelayoffs. That amounts to about 45–50% of the hub's employees; however, Adidas has not officially verified this number. During a town hall meeting on September 15, employees were reportedly informed of the layoffs, according to many news outlets. Two categories of affected workers have been identified. While some workers got their notices to leave on the same day, others have been requested to stay until December. They are expected to look for new opportunities within the organisation and execute handovers to colleagues in other technological hubs. Both the local marketing organisation and one of Adidas' Global Engineering Tech Hubs are located in the Gurugram office. The technological and commercial horizons of the company have been broadening in India. Its Chennai Global Business Services centre first opened to the public in 2024. According to their website, the company's Gurugram and Chennai offices employ close to 650 individuals. The technological organisation seems to have been the primary target of the most recent reorganisation. The 15th of December will supposedly be the last day of employment for employees who have not found alternative employment by that point. There has been no confirmation of the details about the redeployment assistance, notice pay, or severance package. The tech industry in India is seeing layoffs, and Adidas isn't the only one. Enterprise restructuring around AI, automation, and shifting cash toward cloud infrastructure has accelerated IT job cuts in 2026. Oracle has laid off thousands of people in India, with a]]></description>
      <category>Business</category>
      <pubDate>2026-09-17T06:32:38+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
      <enclosure url="https://static.startuptalky.com/2026/09/adidas-confirms-job-cuts-at-Startuptalky.jpg" type="image/jpeg" />
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      <title><![CDATA[Crowwd Raises ₹2.5 Crore in Angel Round to Accelerate Its Wealth-Tech Platform]]></title>
      <link>https://startgrid.store/news/3adc17da-1e86-44c6-9c5d-8cb9e72e6fec</link>
      <guid isPermaLink="true">https://startgrid.store/news/3adc17da-1e86-44c6-9c5d-8cb9e72e6fec</guid>
      <description><![CDATA[Crowwd, an investing platform built around behavioral personalization, has raised ₹2.5 crore in an angel round at an approximate valuation of ₹50 crore from 30+ investors, including Dr. Ritesh Malik, Founder, Innov8; Three Words Capital; Sachin Panwar; Deepak Raina and Gaurav Nagar, Co-founders, YogaCleanAir; France-based Hexa Startup Studio; Somya Satsangi, Independent Director at Dr Lal Pathlabs; and Sachin Gupta, MD, Share India Securities. The fundraise marks an important next phase for Crowwd as it evolves from an investor-focused social community into a wealth-tech platform with investing capabilities. The company is preparing to launch its in-app mutual fund distribution platform, bringing investment access directly into the Crowwd experience. Crowwd is an AMFI-registered mutual fund distributor. Crowwd’s platform is built around its proprietary Investor DNA framework, which maps investors into six behavioural profiles and shapes the experience around their individual investing patterns. With the launch of mutual fund distribution and subsequent acquisition of a brokerage platform, Crowwd is bringing these frameworks into the investment journey itself, alongside its financial content and investor community. The fresh capital will be used to develop and scale Crowwd’s wealth-tech infrastructure, acquire & integrate a brokerage platform, scale mutual fund distribution, and strengthen its technology, compliance, and operating capabilities. Mutual fund distribution will form the initial core of its revenue model, complemented by broking services through partners and private market access on an introducer basis. Crowwd is taking a capital-efficient approach to its growth, with the current round bringing together founders, operators and financial-market professionals who provide strategic expertise alongside capital. The company’s focus in the coming phase will be on product execution, investor engagement and establishing the foundations for a durable wealth-tech business. The platform also gives investors access to international investment opportunities through Indian funds investing in overseas markets, allowing them to participate in global markets through investments made in rupees. Crowwd began as a social community for investors and is now expanding into a platform combining investment access, financial content, and behavioral personalization. Its proposition is built around making investing less intimidating and more intentional for a new generation of Indian investors.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-17T05:58:51+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[NSE raises Rs 6,746 Cr from anchor investors ahead of IPO]]></title>
      <link>https://startgrid.store/news/f61bdbe5-056c-460b-8081-cf3b13b9520b</link>
      <guid isPermaLink="true">https://startgrid.store/news/f61bdbe5-056c-460b-8081-cf3b13b9520b</guid>
      <description><![CDATA[The National Stock Exchange (NSE) has raised Rs 6,746 crore from anchor investors ahead of its much-awaited initial public offering (IPO), which opens for public subscription today (September 17). The exchange allotted 3.78 crore equity shares to 189 anchor investors at Rs 1,785 per share, the upper end of its IPO price band. The anchor book saw participation from several large domestic and global investors, including Life Insurance Corporation of India (LIC), Norway’s Government Pension Fund Global, Abu Dhabi Investment Authority (ADIA), GIC Singapore, Fidelity, Societe Generale and others. LIC emerged as the largest single anchor investor, picking up shares worth around Rs 400 crore. The Government Pension Fund Global invested about Rs 250 crore, while Societe Generale’s offshore desk bought shares worth nearly Rs 316 crore. Foreign portfolio investors (FPIs) invested around Rs 2,883 crore, accounting for nearly 43% of the anchor book. Domestic investors contributed around Rs 3,588 crore, or 53% of the allocation. The domestic participation included more than 25 mutual funds and 11 large insurance and pension funds. The anchor book attracted bids worth nearly Rs 1.2 lakh crore, around 20 times the amount allocated to anchor investors, according to market sources. NSE has set a price band of Rs 1,700-1,785 per share for its IPO, which will remain open until September 21. The issue is entirely an offer for sale (OFS), meaning NSE will not receive any fresh capital from the IPO. Instead, existing shareholders will sell their shares. The exchange is looking to raise around Rs 22,569 crore through the IPO, making it one of India's largest public issues. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-17T05:35:31.550368+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Unstop acquires PerspectAI in all-equity deal to deepen AI-led talent assessment]]></title>
      <link>https://startgrid.store/news/1e380da1-d76a-42cd-9e04-c24dbda5ea55</link>
      <guid isPermaLink="true">https://startgrid.store/news/1e380da1-d76a-42cd-9e04-c24dbda5ea55</guid>
      <description><![CDATA[Hiring platform Unstop has acquired talent assessment company PerspectAI in an all-equity swap, bringing the business and its technology platform, intellectual property, data, people, clients and revenue under it. The deal has closed, according to the company, with all PerspectAI employees, including its two founders, joining Unstop. The acquisition gives Unstop a technology layer aimed at assessing attributes that are not easily captured through CVs, qualifications or conventional hiring assessments. PerspectAI combines Game Science, Data Science and People Science to generate signals around employability, role fit, behavioural capabilities and future potential. Its enterprise customers have included Aditya Birla Capital, Tata Sons, Swiggy and Motilal Oswal. The financial value of the transaction has not been disclosed. However, the company said PerspectAI was profitable in FY26, making the transaction an acquisition of an operating business rather than solely a technology or talent deal. For Unstop, the strategic opportunity is to bring assessment deeper into its existing hiring ecosystem. The company said PerspectAI's tools will eventually be offered to campus recruiters, lateral hiring teams and large enterprises, while PerspectAI’s customers could gain access to Unstop’s wider talent engagement and hiring products. Ankit Aggarwal, Founder and CEO  of Unstop, said the attraction was the combination of an established product and an experienced specialist team. “PerspectAI is not a bet on a roadmap. It is a product that large, demanding enterprises already trust and pay for. That validation, together with the depth of the team’s work in game, data and people science, is why this acquisition makes sense for us,” he noted. Jignesh Talasila, co-founder and CEO of PerspectAI, will lead Unstop’s expansion into education and government, while co-founder and CTO Suraj Vanka will join Unstop’s product leadership team. The transaction comes as employers increasingly look beyond traditional credentials as AI changes the skills they need. AI-related hiring in India’s IT sector rose 16% year-on-year in June, even as overall IT recruitment fell 3%. The shift reflects growing demand for specialised technical and AI capabilities and a broader reassessment of how companies identify talent. Assessment technology is also becoming more important as employers contend with new forms of hiring fraud. Indian recruiters have increasingly turned to AI-powered proctoring and other tools as generative AI enables cheating, impersonation and the use of external assistance during assessments and interviews. At the same time, technology that evaluates candidates using behavioural and cognitive data brings a separate consideration around data governance. That makes the integration of PerspectAI into a much larger talent platform significant beyond simply adding another assessment product. “Joining Unstop gives us the opportunity to take what we have built to a much larger aud]]></description>
      <category>Business</category>
      <pubDate>2026-09-17T05:35:13.732304+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[PM Modi's 76th birthday: 17 moves powering India's journey from Startup India to Build India]]></title>
      <link>https://startgrid.store/news/3bc590f1-c54f-4058-82bf-48e3c20b0bb9</link>
      <guid isPermaLink="true">https://startgrid.store/news/3bc590f1-c54f-4058-82bf-48e3c20b0bb9</guid>
      <description><![CDATA[For most of the last decade, the conversation was about starting up: entrepreneurship, venture capital, unicorns, digital businesses. The conversation today runs deeper. Who will build India's AI models? Who will design its chips? Who will fund its laboratories, its rockets, its biotech platforms, its quantum computers? And can the next generation of entrepreneurs come from every district, not only Bengaluru, Delhi and Mumbai? Over the past twelve years, and with particular intensity in the past twelve months, the government led by Prime Minister Narendra Modi has been answering those questions with capital, compute and missions. On his 76th birthday, here are 17 moves that matter to India's builders, and what they set up for the decade ahead. 1. Rs 1 lakh crore for research and innovation The Research, Development and Innovation Fund may prove the most consequential intervention of the year. It is built to bring long-term, low-cost capital into hard areas: AI, quantum, robotics, space, biotech, energy. The Cabinet approved it on 1 July 2025 and the PM launched it on 3 November 2025 at ESTIC, with Rs 20,000 crore earmarked for FY26. Money is now moving: the Technology Development Board signed its first agreements with five deeptech companies and made the first disbursement on 13 May 2026. Why it matters: India has never lacked entrepreneurial ambition. Deeptech needs the harder thing, patient capital. 2. Another Rs 10,000 crore for the startup capital stack In February, the Cabinet approved Startup India Fund of Funds 2.0 with a Rs 10,000 crore corpus, prioritising deeptech, tech-driven manufacturing, early-growth founders and investment beyond the major metros. The next startup cycle is being designed to look different from the consumer-internet cycle that produced India's first unicorns. Equity cannot fund everything. The Credit Guarantee Scheme for Startups doubled its maximum cover per borrower from Rs 10 crore to Rs 20 crore in FY26, and by the end of the year more than 410 loans worth over Rs 1,250 crore had been guaranteed. For founders, this means growth capital that does not always cost ownership. 4. Public capital kept pulling private capital behind it The original Fund of Funds shows how government can back startups without picking them. By the end of FY26, more than Rs 7,000 crore had gone to over 135 AIFs, which in turn invested more than Rs 26,900 crore in over 1,420 startups. Nearly four rupees of private money for every public rupee. FoF 2.0 aims to repeat that multiplier for deeptech. 5. AI compute became national infrastructure The biggest barrier to serious AI companies is no longer talent. It is compute. Under the IndiaAI Mission, more than 38,000 GPUs are available to startups and researchers at a subsidised rate of about Rs 65 an hour, with another 20,000 announced in February and a stated target of 100,000 by December 2026. Build the rails, let entrepreneurs build on top. India is now backing indigenous foundation models ra]]></description>
      <category>Funding</category>
      <pubDate>2026-09-17T04:33:34.567155+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Revolut hackers demand $3 million ransom: FT]]></title>
      <link>https://startgrid.store/news/6324ea72-c070-4a46-8b92-291f89c19de2</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Business</category>
      <pubDate>2026-09-16T19:28:12.722445+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Peak XV sells 1.47% stake in Groww for Rs 1,756 Cr via bulk deal]]></title>
      <link>https://startgrid.store/news/b66aac25-654d-4666-9f76-20cb3ee4bdc7</link>
      <guid isPermaLink="true">https://startgrid.store/news/b66aac25-654d-4666-9f76-20cb3ee4bdc7</guid>
      <description><![CDATA[Peak XV Partners has offloaded a 1.47% stake in Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, through a bulk deal on Wednesday. According to bulk deal data, Peak XV Partners Investments VI-1 sold 9.17 crore shares at an average price of Rs 191.49 apiece. The transaction was valued at around Rs 1,756 crore. As of June 2026, Peak XV Partners Investments VI-1 held a 15.68% stake in Groww, which made it one of the company’s largest institutional shareholders. Based on the June shareholding, the latest sale represents nearly a tenth of its holding in the company. The transaction comes less than a month after two of Groww’s early investors, Y Combinator and Ribbit Capital, pared their stakes through large open-market transactions. In August, Y Combinator, through YC Holdings II, sold nearly 7.47 crore shares, or a 1.2% stake, for aroundRs 1,435 crore. Later that month, Ribbit Capital offloaded 11.31 crore shares  forRs 2,217 crore. Together, Y Combinator and Ribbit Capital sold shares worth more than Rs 3,650 crore in August. Including Peak XV’s latest transaction, the three investors have offloaded Groww shares worth over Rs 5,400 crore since August. Peak XV had also trimmed its holding in Groww earlier this year. In May, the investment firm sold 6.2 crore shares for aroundRs 1,116 crore. On the financial front, Groww recorded Rs 1,501 crore in operating revenue during Q1 FY27, a 66% year-on-year increase. Its net profit nearly doubled toRs 735 croreduring the same period. Following the transaction, Groww’s shares fell nearly 4% on Wednesday to close at Rs 189.76, giving the company a market capitalization of around Rs 1.19 lakh crore ($12.5 billion). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T16:26:36.665312+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[DeepMind cofounder warns AI capabilities must not outrun safety controls: FT]]></title>
      <link>https://startgrid.store/news/2cabfb83-5c3e-4581-969d-fb01770d0ab1</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Business</category>
      <pubDate>2026-09-16T16:26:22.618260+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Ex-Infosys CEO Vishal Sikka’s startup Hang Ten Systems raises $53 million]]></title>
      <link>https://startgrid.store/news/7ee4b3a3-7e1f-4205-b668-6dd6d495fc29</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T16:26:21.543529+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[New MDR norms for UPI to add more revenue, bottom line to business: Paytm CEO]]></title>
      <link>https://startgrid.store/news/62c6186b-ff3b-48f0-b881-709be9c52929</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T16:26:20.664687+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[APAII launched with 30+ angel funds to strengthen early-stage funding for startups]]></title>
      <link>https://startgrid.store/news/2fe8fe8a-f81e-402c-b13d-bc9f37660c3e</link>
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      <description><![CDATA[More than 30 angel funds, family offices, micro VCs and individual investors have joined hands to form the Association of Prolific Angels in India (APAII), aimed at strengthening domestic early-stage capital and creating a unified voice for the sector. The national body seeks to expand India's angel investor base to 1 million and position the country as the world's largest unicorn hub over the next two decades, a statement said on Wednesday. APAII will also act as a regulatory and operational bridge between angel investors and policymakers. The association is led by venture capitalist veteran Satish Kataria as its first Executive Director. India currently has more than 100 angel funds and around one lakh angel investors, who deployed close to $1 billion in early-stage investments in FY25, according to APAII. It aims to mobilise $3 billion in early-stage capital over the next five years, and scale angel participation to $30 billion annually by 2047. The association is supported by TiE Mumbai, the statement said. “To build 1,000 unicorns by 2047, we need not just more startups, but a far deeper, more organised base of domestic risk capital standing behind them,” Apoorva Ranjan Sharma, President of APAII, said. He added that APAII exists to build a unified, professional and policy-engaged community of angel investors who can back Indian founders at scale. APAII will focus on capital formation, policy advocacy, investor education, governance and due diligence, while seeking to expand the angel ecosystem beyond major cities into Tier II and Tier III locations.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T16:26:14.418612+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[UPI MDR may attract 18% GST; eligible merchants can claim input tax credit]]></title>
      <link>https://startgrid.store/news/a489e1e8-c089-407e-9b50-aaefab4733e3</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T15:25:46.487669+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Amazon raises minimum hourly pay by $1 to $20 for US operations workers]]></title>
      <link>https://startgrid.store/news/e15137e8-6348-477e-8e56-4052d245d822</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T14:25:11.742537+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
      <enclosure url="https://img.etimg.com/thumb/width-1200,height-900,imgsize-3966191,resizemode-75,msid-134290026/tech/technology/amazon-raises-minimum-hourly-pay-by-1-to-20-for-us-operations-workers.jpg" type="image/jpeg" />
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      <title><![CDATA[From a Namakkal Village to 7 Countries: How Yaa Creations Hit Rs 1.5 Crore]]></title>
      <link>https://startgrid.store/news/3743ea06-4537-49a2-9f57-ade0218e437d</link>
      <guid isPermaLink="true">https://startgrid.store/news/3743ea06-4537-49a2-9f57-ade0218e437d</guid>
      <description><![CDATA[With knowledge, experience and confidence as its only capital, 'Yaa Creations', a software company started in a small village in Tamil Nadu, today builds software for many countries. The company, which began with just one employee, earned Rs 1.5 crore in revenue last year alone. How did Yaa Creations travel from local to global? Even today, the IT industry carries the belief that IT work is done only by big MNCs, that quality exists only in multinational companies, and that only they can make it possible. Many who work in IT take pride only in working at large companies and refuse to work at startups; that is the situation today. But 'Yaa Creations', operating out of Rasipuram, a small village in Tamil Nadu's Namakkal district, has shattered these notions and proven that a startup in a village can also hold its own internationally, attract orders and win recognition. Eswaran, who started this company with knowledge, experience and confidence as his only capital and just one employee, earned Rs 1.5 crore in revenue last year alone. With a small team of 26, business across seven countries, and software support to the Tamil Nadu government, Eswaran shares with us the story of how 'Yaa Creations' came to be... Eswaran, whose native place is Pallipatti village in Namakkal district, was born into a small middle-class family. His parents ran a small grocery shop and educated him up to MCA, his elder brother up to BE, and another brother up to M.Sc, M.Ed. "I studied in a government school, completed my B.Sc and MCA at a private college, and in 2011 joined a Chennai-based startup that built software. My salary then was just Rs 3,500," he says. Eswaran says that behind starting out as a Junior Software Developer and today building a company that creates software lie many obstacles, hardships and difficult times. He worked at that company continuously for nine years, from 2011 to 2019, ending as Technical Lead. Having fully learnt software development, Eswaran shared that when his health deteriorated, he had to leave Chennai and return to his hometown. "It was while talking with my brothers then that the idea of starting a company using my experience came up. But I had no money to invest. When I got a small order to develop software on the strength of my experience, I took Rs 1 lakh from my brother as investment, went to Chennai with dreams, rented a co-working space there for Rs 10,000 a month, and bought two laptops with the money I had. My brother's daughters are named Jananya and Sivanya, and both my sister-in-law and my wife are named Divya. That is why I chose 'Yaa' as the company's name and got started." "I had hired a woman for software development work at a salary of Rs 30,000. In the first two months, with the Rs 40,000 that came from the project and the money I had in hand, I paid two months' salary and office rent, and then no more orders came. On top of that, the Corona lockdown hit and I had to return home; she too went home." Since no orders ]]></description>
      <category>Business</category>
      <pubDate>2026-09-16T14:25:04.140032+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Mirae Asset Venture Investments, others pay Rs 12.75 lakh to settle Sebi proceedings over violations]]></title>
      <link>https://startgrid.store/news/019276dc-7d6c-4058-bffe-4028993029b9</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Policy</category>
      <pubDate>2026-09-16T13:24:37.342148+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[UK fintech Revolut reveals customer data breach]]></title>
      <link>https://startgrid.store/news/d0471d7e-a67f-4ff2-9954-c28eed4389e5</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T12:24:04.410030+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Meta no longer a simple intermediary, but a service provider: Report]]></title>
      <link>https://startgrid.store/news/b9f4545b-95b6-4e76-be1e-f64da5caaaf4</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Business</category>
      <pubDate>2026-09-16T12:24:03.791135+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Daily Indian Funding Roundup & Key News - 16 September 2026: VerifAIX Raises $5 Million, TRUE ARTIS Raises INR 11.4 Crore, and More]]></title>
      <link>https://startgrid.store/news/5c3131a6-b53f-4d45-97e1-56c3abfe1e4b</link>
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      <description><![CDATA[Here's your daily dose of Indian startup funding roundup and key business news for 16 September 2026. VerifAIX raises $5 million, TRUE ARTIS raises INR 11.4 crore, and Activate closes its maiden $105 million AI fund. Four funding rounds closed on 16 September 2026, spanning semiconductor verification, aesthetic surgery, fashion discovery and beauty quick commerce. Endiya Partners, Bluehill VC, Zeropearl VC and AJVC were among the day's lead investors. The headline raise is VerifAIX's $5 million seed round to scale its AI-native chip verification platform. Away from funding, Aakrit Vaish's Activate closed its maiden VC fund at $105 million to back AI startups, while Reliance Jio partnered with Canva to offer free Canva Pro to subscribers on select recharge plans. VerifAIX raised $5 million in a seed round co-led by Endiya Partners and Bluehill VC. The proceeds will fund product development, customer deployments and expansion of its engineering teams across the US, India and Israel. Co-founded in 2024 by Madhulima Tewari, Kenneth Roe and Avner Landver, VerifAIX is building an AI-native verification platform for semiconductor design. Its "Formal Brain" combines AI with formal methods to reason across specifications, RTL and verification assets, helping engineering teams verify increasingly complex chips with greater speed and rigour. Firi raised $3 million in a funding round led by 360 ONE Asset, with participation from Better Capital, CRED founderKunal Shahand other angel investors. The company plans to use the funds to expand into makeup, fragrances and other beauty categories, and to add more dark stores in Gurugram before expanding to other cities. Founded in 2026 by former Uber India executives Vivek Madani and Karishma Rathaur, Firi is a Gurugram-based beauty and personal care quick commerce startup that uses AI to analyse product reviews before listing products on its platform. The company claims to have analysed more than 50 million reviews and shortlisted around 3,000 products, with deliveries in parts of Gurugram taking as little as nine minutes. TRUE ARTIS raised INR 11.4 crore in a seed round led by Zeropearl VC, with participation from Eleven, a business group of Medanta co-founder Sunil Sachdeva, and a group of angel investors including PhonePe CBO Vivek Lohcheb. The fresh funds will open two new centres in Delhi NCR over the next six to eight months, strengthen surgical and recovery capabilities, and expand its network of plastic and aesthetic surgeons. Co-founded in 2025 by Ankit Joshi and Sandeep Upadhyay, TRUE ARTIS is an integrated aesthetic surgery platform offering facial aesthetics, breast procedures, body contouring, hair restoration and non-surgical treatments across two centres in Delhi and Gurgaon. The company claims to have served more than 10,000 clients and completed over 400 surgeries in the past nine months, with its first centre reaching EBITDA break-even. Slayd raised INR 1.5 crore in a pre-seed round led by ajvc, an]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T12:06:23+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[BlueStone appoints CarDekho CEO Amit Jain as Non-Executive Independent Director]]></title>
      <link>https://startgrid.store/news/19382aca-d8c8-4278-ad04-5d5de858d754</link>
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      <description><![CDATA[Jewellery retailer Bluestone has appointed Amit Jain, co-founder and CEO of CarDekho Group, as a Non-Executive Non-Independent Director, effective September 14, 2026. The appointment was approved at the company’s 15th Annual General Meeting (AGM), according to its regulatory filing accessed by Entrackr. Jain has been appointed in place of Sameer Dileep Nath, who retired by rotation after choosing not to seek re-appointment. Founded in 2011, BlueStone is a jewellery retailer that operates through its online platform and offline store network. The company offers jewellery products and has been expanding its physical retail presence across India. The company claims to be India’s second-largest digital-first omnichannel jewellery brand and expanded its retail footprint by adding 12 stores during Q1 FY27, taking its network to 352 stores across 139 cities. BlueStone now serves over 12,660 PIN codes, with nearly half of its stores located in Tier II and Tier III markets. InQ1 FY27, BlueStone’s operating revenue grew 49% year-on-year to Rs 737 Cr, while the company turned profitable with a net profit of Rs 6 Cr, compared with a loss of Rs 35 Cr in Q1 FY26. The company also reported strong operating performance during the quarter, continuing its profitability momentum. BlueStone operates in India’s highly competitive organised jewellery market, where it competes with CaratLane, Tanishq, Kalyan Jewellers, Senco Gold, PC Jeweller and Thangamayil Jewellery, among others. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T10:23:13.349731+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Startup news and updates: Daily roundup (September 16, 2026)]]></title>
      <link>https://startgrid.store/news/cc6e5992-9734-4550-90d0-91c1fa98b88e</link>
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      <description><![CDATA[YourStory brings you today's headlines and the latest news across sectors. Indian-origin nurse Agimol Pradeep from the UK has won the $250,000 Aster Guardians Global Nursing Award 2026 for her pioneering work in organ transplantation and stem cell donation. A Senior Transplant Coordinator at King’s College Hospital and Honorary Senior Lecturer at the University of Salford, she began her career as a transplant nurse in Manchester in 2001. Her work in transplant care and research has focused on addressing the shortage of donors from Asian communities. In 2014, Agimol founded Upahaar, an organisation dedicated to promoting organ and stem cell donation. Through community and faith-based outreach, the organisation has grown into a UK-wide network supported by roughly 100 volunteers and has registered around 10,000 potential donors. Hero Motors has raised Rs 299.99 crore from anchor investors ahead of its initial public offering (IPO), which opens for public subscription today. In a communication to the stock exchanges, the automotive technology company said it had allocated 57,14,284 equity shares at Rs 84 per share to anchor investors. The company has priced its IPO in the Rs 79–84 per share range. Institutions participating in the anchor allocation include ICICI Prudential Life Insurance Company, 3P India Equity Fund 1M, Edelweiss Life Insurance Company, Societe Generale – ODI, and ASAS Global Fund Incorporated VCC Sub Fund. JSW One Platforms, a B2B digital platform serving India’s manufacturing and construction ecosystem, has appointed Olympian Aparna Popat Ved and Prabhjeet Singh as Independent Directors on its Board. The appointments come as the company seeks to scale its technology, distribution and financial services capabilities across India, while strengthening the Board’s expertise in technology, talent and governance. A two-time Olympian and three-time Commonwealth Games medallist, Aparna Popat Ved received the Arjuna Award in 2005. She holds an MBA and serves as an Independent Director on the boards of Eternal Limited (formerly Zomato Limited) and Hero FinCorp Limited. She has also co-founded All Is Well of Meboki Technologies Private Limited and served as Executive Director of the Olympians Association of India. Her appointment brings expertise in performance culture, resilience and talent development to the Board. Prabhjeet Singh, previously associated with McKinsey & Company, Inc. and Uber Systems India Private Limited, brings experience in technology platforms and scaling businesses in India. PointAI Private Limited, a Simulation AI company serving the global commerce ecosystem, has appointed Afshan Banu as Global Head of Fashion & Beauty. Based in Singapore, Banu will lead the company’s global fashion and beauty strategy, brand and retailer partnerships, and category expertise across its product portfolio. She will work with brands, retailers and marketplaces to translate merchandising, fit and creative requirements into deployed Simu]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-16T10:22:55.944572+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[TRUE ARTIS raises Rs 11.4 crore to expand network of premium aesthetic surgery centres]]></title>
      <link>https://startgrid.store/news/32f1c02a-a2ab-42e7-8438-9c7a1b22bf69</link>
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      <description><![CDATA[Listen to this article in summarized format L-R_ Sandeep Upadhyay and Ankit Joshi, Co-Founders' of TRUE ARTIS A different kind of buyback. Is this the beginning of these kinds of buybacks? Come January 2027, will India’s online platforms get their own Tukaram? Four rules made HDFC Bank a compounder. All four have stopped. Can the new CEO rewrite them? Gold rush on Dalal St as regional jewellers bid to be the next Tanishq Hormuz is a state, not a strait. There are 10 other possible chokepoints for the global economy, including India]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T09:22:17.448176+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Paytm shares jump over 7%; Pine Labs, One Mobikwik pare early gains]]></title>
      <link>https://startgrid.store/news/3d1a9919-a3c3-44da-8679-8f9e78b794f1</link>
      <guid isPermaLink="true">https://startgrid.store/news/3d1a9919-a3c3-44da-8679-8f9e78b794f1</guid>
      <description><![CDATA[Shares of fintech firms such as Paytm rallied in Wednesday morning trade after the government introduced a 0.4% fee on transfers worth more than Rs 2,000 made to merchants through the UPI platform from October 15. The stock of One97 Communications Ltd, which owns the Paytm brand, jumped 7.24% during intraday deals to reach the 52-week high of Rs 1,856.50 on the BSE. Shares of One Mobikwik Systems Ltd climbed 5.96%, and Pine Labs edged higher by 2.68%. Shares of Pine Labs, however, pared early gains and traded 7% lower. One Mobikwik Systems also lost the winning momentum and quoted 2% lower. Ending nearly six years of fully free UPI (Unified Payments Interface) payments, the government on Tuesday introduced a 0.4% fee on transfers worth more than Rs 2,000 made to merchants through the platform from October 15, while explicitly ring-fencing everyday person-to-person transactions and small payments from any charge. "Customers will not be required to pay any charge when making such payments through UPI," the finance ministry said in a statement, adding, "MDR is a charge within the merchant payment ecosystem. It is not a charge on customers making UPI payments." Also, individuals will continue to have "unlimited free usage, with no monthly quotas, volume restrictions or tiered caps on free UPI transactions", it said. The carefully calibrated move signalled the end of an era for the world's largest real-time payments system even as the government tried to avoid alarming the hundreds of millions of daily users. From October 15, a 0.4% merchant discount rate (MDR) will be levied on person-to-merchant (P2M) transactions above Rs 2,000 through UPI, capped at Rs 300 for payments of Rs 75,000 and above. "This will generate additional revenue from the merchant business for many of the payment transactions that were free earlier," Paytm said in a regulatory filing late on Tuesday night. As per a circular from National Payments Corporation of India, no charge is levied on customers for UPI payments, which will remain free of charge for them, it added.]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T09:22:14.269258+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
      <enclosure url="https://images.yourstory.com/cs/2/d99b1110116911ed9e63f54395117598/UPI-1781687762656.png" type="image/jpeg" />
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      <title><![CDATA[Turning Merchant Phones Into Card Acceptance Devices | PhonePe | Yuvraj Singh Shekhawat | GFF 2026]]></title>
      <link>https://startgrid.store/news/09a91bf0-9220-40cb-8adb-174aa1c61b18</link>
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      <description><![CDATA[Choose your reason below and click on the Report button. This will alert our moderators to take action]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T08:21:42.811899+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[CCPA Penalises Rapido INR 10 Lakh for Dark Patterns, Uber and Ola Under Scrutiny]]></title>
      <link>https://startgrid.store/news/f0e7ae5a-0e8a-4e49-8984-473033b710d8</link>
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      <description><![CDATA[The Central Consumer Protection Authority (CCPA) has fined Rapido INR 10 lakh for adopting dark patterns that allegedly nudged users into paying higher rates. The authority found tactics such as “Confirm Shaming” and “Interface Interference” on Rapido’s ride-booking interface. TheRapidoride-hailing platform was fined INR 10 lakh by the Central Consumer Protection Authority (CCPA). The business has taken a beating for deceptive advertising, unethical business methods, and unfair contracts. Further, CCPA's findings revealed a mysterious pattern followed by the firm that made clients spend more than they should have before their rides were confirmed. Earlier this year, the industry as a whole was investigated for its cab and bike-taxi aggregator platforms' pre-ride tipping and dynamic pricing practices. This is an area where Uber and Ola are still being investigated. The Rapido app exhibited messages like "Captains aren't accepting at INR 60" and "Higher the price, higher the chance of getting a ride" during CCPA's evaluation. According to CCPA's investigation, Rapido's algorithm initially quoted a fare to the passenger but then made the rider pay more because drivers weren't taking the initial fare. According to the authority, this approach gives the idea that paying more will increase a rider's chances of getting a ride faster. The Guidelines for Prevention and Regulation of Dark Patterns, 2023, classified the technique as "Confirm Shaming", a dark pattern. Also, the authority looked into Rapido's "Set your price" slider and discovered that it used colour coding to influence the rider's choice of price. An orange or red warning would appear if the price was lowered, while a green "higher chance of getting a ride" indicator would appear if the price was raised. Additionally, there was more space to raise the price than lower it using the slider. The CCPA deemed this to be a second dark pattern, "Interface Interference", because the interface design subtly influenced users to spend more. The authority states that when a rider makes a booking, the fare they see already includes all of the following: distance, duration, traffic, tolls, and the sum due to the captain. There was no basis for the suggestion that the rider pay more for the same ride after it had already started. CCPA referenced the Motor Vehicle Aggregator Guidelines, 2025, which state that any tipping option must be made available only after the ride is completed and noted that tips are often voluntary payments. In response, Rapido maintained that tipping is entirely optional and that its matching algorithm keeps working regardless of whether or not a rider chooses to pay extra. In addition, the firm mentioned that the prompts were just a reflection of real-time bargaining, just like an offline chat between a driver and a passenger. In spite of this, CCPA denied the requests, reasoning that the rider was unduly burdened by the prompts' timing and design just when they needed the platform]]></description>
      <category>Policy</category>
      <pubDate>2026-09-16T08:09:00+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
      <enclosure url="https://static.startuptalky.com/2026/09/ccpa-penalises-rapido-Startuptalky.jpg" type="image/jpeg" />
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      <title><![CDATA[super.money appoints former BharatPe CPO Rohan Khara as Chief Product Officer]]></title>
      <link>https://startgrid.store/news/d30c9193-8431-4e9a-909e-af02d8e9ff7c</link>
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      <description><![CDATA[Fintech platform super.money has appointed Rohan Khara as its Chief Product Officer (CPO) as the company looks to expand its product offerings across payments, credit and commerce. Entrackr hadexclusively reportedin June that Khara had stepped down as CPO of BharatPe. He brings close to two decades of experience across product management, financial services and consumer technology, with senior roles at BharatPe, FairMoney, Gojek and MobiKwik. At BharatPe, Khara served as CPO, where he led product development across the company's merchant and consumer businesses. Before joining BharatPe, he was Managing Director, India at FairMoney and had earlier served as its CPO for Nigeria and India. Khara was also part of the founding team of Gojek's financial services business in Jakarta, where he worked on building financial products for emerging markets. His experience spans India, Indonesia and Nigeria, with a focus on financial services and consumer technology products. "super.money has built strong momentum by challenging the traditional role of a payments app. We are now at an important inflection point, where we are focusing on building a broader financial platform that can create value for consumers across how they pay, borrow and shop," said Prakash Sikaria, founder and CEO of super.money. Khara said he plans to build on super.money's consumer proposition and develop products across UPI, credit and commerce. The company said it is looking to bring payments, rewards, credit and commerce together on a single platform. It aims to enable consumers to earn on transactions, build credit through repayment behaviour and access greater affordability at the point of purchase. super.money is backed by Flipkart and operates in the digital payments and fintech space. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T07:21:20.439052+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Proposed UPI MDR structure doesn't make sense for broking, could raise costs: Nithin Kamath]]></title>
      <link>https://startgrid.store/news/f3b02c31-218e-4fee-a751-a50910e30271</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T07:21:06.835703+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Semiconductor verification startup VerifAIX raises $5 Mn in seed round]]></title>
      <link>https://startgrid.store/news/44b1de1e-4a82-453e-8c60-a53aa18d6c6a</link>
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      <description><![CDATA[AI-native semiconductor verification startup VerifAIX has raised $5 million in a seed funding round co-led by Endiya Partners and Bluehill VC. The proceeds will be used for product development, customer deployments and expansion of its engineering teams across the US, India and Israel, VerifAIX said in a press release. Co-founded in 2024 by Madhulima Tewari, Kenneth Roe and Avner Landver, VerifAIX is building an AI-native verification platform for semiconductor design. It helps engineering teams verify increasingly complex chips with greater speed and rigor. VerifAIX’s platform combines AI with formal methods to create a verification trust layer that connects design specifications, RTL and verification assets. This enables traceable verification from design intent to closure. The startup’s “Formal Brain” creates a mathematically grounded understanding of a design and its intended behaviour. It reasons across specifications, RTL and verification assets to identify inconsistencies and gaps, and uses this foundation for verification planning, formal analysis, simulation, coverage, debug and verification closure. VerifAIX integrates specification-to-RTL reasoning, automated decomposition and abstraction, and coordinated formal and simulation verification to tackle complex designs while maintaining traceability to design intent. It targets custom-silicon developers, including semiconductor and IP companies, processor and AI accelerator developers, hyperscalers and systems companies. India’s semiconductor startup ecosystem is also seeing the emergence of AI-native verification platforms alongside the broader chip design boom. Chennai-based deep-tech startup Vyoma Systems, incubated at IIT Madras Pravartak, is working on AI-driven pre-silicon verification through its UpTickPro platform. The platform integrates functional verification, FPGA validation, software bring-up and security analysis. The development comes amid rising capital flows into Indian semiconductor startups. Companies raised $61.9 million in H1 2026, taking total funding since 2022 to about $206 million, according to a Speciale Invest and Startup Policy Forum report. Recent funding rounds include BigEndian Semiconductors’ $6 million raise for its fabless SoC platform, while HrdWyr raised $13 million in Series A funding to develop AI-native SoCs. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T05:20:08.864884+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Govt move on MDR important for long-term growth, sustainability of UPI: PhonePe Founder Sameer Nigam]]></title>
      <link>https://startgrid.store/news/f5ef7e44-ab3d-4e66-9598-8138e8e8654b</link>
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      <description><![CDATA[Choose your reason below and click on the Report button. This will alert our moderators to take action]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T05:19:53.232358+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Hero Motors raises Rs 300 Cr from anchor investors ahead of IPO]]></title>
      <link>https://startgrid.store/news/e8fc080f-ef14-49e9-a5da-73dac2610a3b</link>
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      <description><![CDATA[Hero Motors has raised Rs 299.99 crore from anchor investors ahead of its initial public offering (IPO) which opens for public subscription today. In a communication to the exchanges, Hero Motors said it had allocated 57,14,284 equity shares at Rs 84 per share to anchor investors. The automotive technology company has priced its IPO in the range of Rs 79-84 per share. Institutions who participated in the anchor include ICICI Prudential Life Insurance Company Limited, 3P India Equity Fund 1M, Edelweiss Life Insurance Company Limited, Societe Generale – ODI, and ASAS Global Fund Incorporated VCC Sub Fund. Amongst equity-oriented schemes, the company has allocated shares to ICICI Prudential Smallcap Fund, Kotak Mahindra Trustee Co Ltd A/C Kotak MNC Fund and JM Financial Mutual Fund – JM Flexi Cap Fund, among others. Out of the total allocation of 3,57,14,284 equity shares to anchor investors, 2,91,64,441 were allocated to 7 domestic mutual funds through 16 schemes. The IPO is a combination of a fresh issue of up to Rs 600 crore and an offer-for-sale of equity shares up to Rs 400 crore by promoters O P Munjal Holdings and Hero Cycles Limited. Of the proceeds from the fresh issue, Rs 190 crore will be used for repayment/prepayment/redemption in full or in part, of certain outstanding borrowings availed by the company, while Rs 200 crore will be allotted for capital expenditure, including purchase of equipment for capacity expansion at the company's facility in Gautam Buddha Nagar, Uttar Pradesh. Funds will be also allocated for inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. Hero Motors is engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) in United States, Europe, India and ASEAN.]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-16T05:19:49.744695+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Beauty quick commerce startup Firi raises $3 Mn led by 360 ONE Asset]]></title>
      <link>https://startgrid.store/news/190f4742-7b9a-4cad-85a9-0a2266325e63</link>
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      <description><![CDATA[Gurugram-based beauty and personal care quick commerce startup Firi has raised $3 million in a funding round led by 360 ONE Asset. The round also saw participation from Better Capital, CRED founder Kunal Shah and other angel investors. The company plans to use the fresh capital to expand into makeup, fragrances and other beauty categories. It also plans to add more dark stores in Gurugram before expanding to other cities. Founded in 2026 by former Uber India executives Vivek Madani and Karishma Rathaur, Firi operates a curated marketplace for beauty and personal care products. The startup uses AI to analyse product reviews and other information before listing products on its platform. Firi claims to have analysed more than 50 million reviews and shortlisted around 3,000 products from the global beauty market. It currently offers skincare, haircare and body care products, with deliveries in parts of Gurugram taking as little as nine minutes. Firi started its pilot in January 2026 and began full operations in September 2026. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.]]></description>
      <category>Funding</category>
      <pubDate>2026-09-16T04:19:28.430189+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[OpenAI mulls funding round at $1.2 trillion valuation ahead of IPO]]></title>
      <link>https://startgrid.store/news/86ae6bd4-e683-43ee-8299-9a087c0cf66e</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-16T03:18:36.926159+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Govt to match VC investments in Indian chip startups; Shah Rukh Khan, QED Investors back AI content firm Flam]]></title>
      <link>https://startgrid.store/news/072dbc13-5e24-4c89-8e8a-42e43d76bdde</link>
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      <description><![CDATA[The government has rolled out a newframeworkfor UPI payments. It has set a 0.4% charge on UPI payments above Rs 2,000 to merchants and capped the fee for payments of Rs 75,000 and above at Rs 300. This ends the zero-MDR (merchant discount rate) regime in place from January 2020. Person-to-person transactions and person-to-merchant transactions up to Rs 2,000 remain outside the scope of MDR. Consumers can continue to transact free of cost using UPI. As competition in quick commerce heats up, Amazon’s Q-comm service, Amazon Now, is racing to capture demand in the smaller markets. The service has expanded to more than 60 cities in less than 10 weeks, including markets such as Tirupati, Guntur, Gurdaspur, Vellore and Warangal. The target is to get to 100 cities by Diwali. Amazon Now has reached $1 billion inannualised gross salesin India over the last three months. Meanwhile, areportby foundit shows that entry-level engineers outnumber the jobs available in the market. Professionals with 0-3 years of experience make up nearly 45% of the candidate pool against a requirement of just 28%. Lastly, close on the heels of Anthropic CEO Dario Amodei urging for an AI slowdown, co-founder Jack Clark has joined theconversation. He has called for a kill switch that would shut off AI software if things got too dangerous. Here’s your trivia for today: Where was the first YouTube video filmed?(Scroll down for the answer) Amitesh Kumar Sinha, Additional Secretary at the Ministry of Electronics and Information Technology and CEO of the India Semiconductor Mission (ISM), lays out the thinking behind Semicon 2.0, the second phase of the semiconductor mission that turns the government from a grant-giver into a co-investor. This includes a model under which the government will match VC investments in approved chip startups rupee for rupee on the same terms. “Seed funds for startups are grants; the rest is our investment, so the government shares both the upside and the failures,” said Sinha, in an interview to Shradha Sharma, Founder and CEO of YourStory and The Bharat Project, days before Semicon India 2026 opens in New Delhi. AI content firm Flam has raised $40 million in a Series B round of funding led by QED Investors. Bollywood star Shah Rukh Khan has also pumped in money, apart from Claypond Capital, Martin Chavez, Olivier Pomel, Venky Harinarayan, and existing investors RTP Global and Dovetail. The Bengaluru- and San Francisco-based tech startup, which enables AI-powered interactive content, was founded in 2021 by BITS Pilani alumni Shourya Agarwal, Malhar Patil and Amit Gaiki. Where was the first YouTube video filmed? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-16T02:17:56.019121+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Beauty and personal care quick commerce startup Firi raises $3 million led by 360 One Asset]]></title>
      <link>https://startgrid.store/news/7e71d5bd-9a56-4ab7-9053-706cc3567ae2</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>Funding</category>
      <pubDate>2026-09-15T19:14:14.143552+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Fibe gets Sebi approval for Rs 750 crore IPO]]></title>
      <link>https://startgrid.store/news/436d3def-e321-48d5-9cd4-352d07bab192</link>
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      <description><![CDATA[Listen to this article in summarized format (Catch all theTechnology News News, andLatest NewsUpdates onThe Economic Times.)]]></description>
      <category>IPO &amp; Markets</category>
      <pubDate>2026-09-15T17:13:01.365102+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[From Buxar to 30,000 Merchants: How This $6 Million Bootstrapped Indian Startup Breaks the Global SaaS Narrative]]></title>
      <link>https://startgrid.store/news/a913423d-b604-497b-80e2-6cfc20bac18f</link>
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      <description><![CDATA[StarApps’ journey starts out in a small town in Bihar, where its founder,Shashank Agrawal, built the company’s first product in 2016, working over mobile internet with a freelancer he had never met in person. Ten years later, StarApps has grown into a merchandising and product-discovery provider used by more than 30,000 Shopify merchants worldwide (including more than 2,500 on Shopify Plus), entirely bootstrapped, with a 30-person team generating about $6 million a year in revenue. This year, the company made its first acquisition: AppMaker, a native mobile app platform for more than 200 Shopify brands which together process over $100 million in annual gross merchandise value (GMV) through their apps. Agrawal’s previous experiences have shaped the founder he is today, and the vision he is working towards at StarApps. In fact, StarApps’ origin is rooted in a real challenge he encountered earlier in his career. Agrawal was setting up his own Shopify store to sell into the US market and ran into a problem that most D2C brands trying to sell globally are all too familiar with: no clear way to show shoppers the right product image for the specific variant they pick. It’s that gap that became StarApps’ first app, which went live in July 2017, with the first paying company recorded that October, for $87.85, a date Agrawal still commemorates as StarApps’ real founding day. And, thanks to lessons Agrawal learned in earlier business ventures, StarApps follows a business model built for global reach from day one: SaaS, recurring revenue and merchants everywhere instead of focusing on a single domestic market. Agrawal’s early exposure to international markets was gained from co-founding Freshmonk, a print-on-demand ecommerce company which scaled but eventually hit a ceiling because the addressable market within India for this particular industry was not large enough to sustain it. India’s influence on Agrawal and StarApps’ journey and business model doesn’t stop there. A turning point came in 2017 for Agrawal, when Shopify hosted “A Day With Shopify” in Bangalore. StarApps was still at zero revenue, and Agrawal could not afford the travel from Bihar to Bangalore, so he wrote directly to a contact at Shopify. That single trip yielded a network of mentors and peers that helped propel the decade to come, underlining how concentrated India’s tech and startup infrastructure is in larger towns and cities, even as Indian companies compete globally. Unlike much of India’s venture-backed SaaS landscape, StarApps has never raised outside capital, neither for core business nor the AppMaker acquisition, which was entirely funded in cash. This is a deliberate choice Agrawal sticks to, staying accountable to merchants directly and funding growth through won revenue. This is extremely important to the Indian startup ecosystem as capital becomes more selective and counters the widespread belief that scaling globally necessitates outside funding. Crucially, StarApps’ product]]></description>
      <category>Tech</category>
      <pubDate>2026-09-15T17:12:24+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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      <title><![CDATA[Outbound & Inbound: India Brings in American AI & Singapore Fintech, While it Takes Cybersecurity to the US & Fintech to Saudi]]></title>
      <link>https://startgrid.store/news/c76dc739-f188-4484-a564-1ca2662d73d1</link>
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      <description><![CDATA[Trade is still making the world go around, and India is a part of it.The Tech Pandalooks into Indian companies expanding into foreign markets while bringing in foreign investors to Indian shores. Orient Technologies Limited is going ahead with the expansion of its cybersecurity business following the signing of a USD 3.15 million, three-year contract with Securonix, with additional investments planned as the business scales, taking the total investment to approximately USD 5 million over the course of the expansion. Under the strengthened relationship, Orient will take on an expanded mandate as Securonix’s exclusive Value-Added Distributor (VAD) and joint go-to-market partner in India, while building capabilities across implementation, professional services, technical support, managed security and SOC enablement. Ajay Sawant, Chairman & Managing Director, Orient Technologies Limited, said, “Our expanded relationship with Securonix represents the next stage of Orient’s cybersecurity journey. What began as a managed security relationship is evolving into a broader engagement spanning distribution, implementation, professional services and security operations. The contract and planned investments reflect our commitment to building the talent, capabilities and partner ecosystem required to scale this business.” “AI is changing the operating environment for security teams on both sides of the equation. Adversaries have access to tools that can help them move faster, while enterprises are under pressure to use AI responsibly to improve their own defenses,” said Toby Weiss, CEO, Securonix. “Our expanded partnership with Orient Technologies gives customers in India access to Securonix technology alongside the local expertise required to deploy it effectively, integrate it into existing environments, and build security operations that can evolve as those threats change.” The Internet and Mobile Association of India (IAMAI) and the Ministry of Investment of the Kingdom of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU). This was announced today at the Global Fintech Fest 2026 (GFF 2026) in Mumbai, establishing a framework for deeper cooperation between the fintech, startup and investment ecosystems of India and Saudi Arabia. Dr. Abdullah Ali Aldubaikhi, Assistant Minister for Business Development, Ministry of Investment, Kingdom of Saudi Arabia, said, “Saudi Arabia is building a globally connected investment and innovation ecosystem, and India is an important partner with significant strengths in technology, entrepreneurship and digital financial services. “Through this cooperation with IAMAI, we look forward to strengthening connections between our two ecosystems and creating practical opportunities for companies, startups and investors. The objective is to translate these connections into investment, market access, strategic partnerships and long-term collaboration between Saudi Arabia and India.” “Dr. Subho Ray, President, IAMAI, said]]></description>
      <category>Fintech</category>
      <pubDate>2026-09-15T16:35:50+00:00</pubDate>
      <source url="https://startgrid.store">StartGrid</source>
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