Companies within the startup ecosystem continue to demonstrate strong performance. YourStory presents today's top headlines with the latest developments across various sectors.
Eternal, the parent company of Zomato and Blinkit, reported a year-on-year (YoY) net profit growth of 92.3% for the second quarter of fiscal year 27, while revenue increased by 78% YoY. However, the company did not meet analyst forecasts, which had anticipated a net profit of 250 crore rupees. Eternal's actual net profit for Q2 FY27 was 125 crore rupees compared to 65 crore rupees the previous year. Revenue grew to 24,138 crore rupees from 13,590 crore rupees in the corresponding quarter of the previous fiscal year.
Jio Platforms' Initial Public Offering (IPO) was oversubscribed in the Qualified Institutional Buyer (QIB) category within two hours of opening on Wednesday, indicating high demand from institutional investors.
At the TechSparks 2026 event, actor and theatre personality Prakash Belawadi spoke about the impact of artificial intelligence on creativity and employment, urging people to reconnect with their inner artist and find meaning in life beyond technological replacement.
AI startup Vectorial, which develops human behavior simulation technology, raised $3 million in a funding round led by SenseAI Ventures. Smilegate, Berkeley SkyDeck, Berkeley AI Research Lab, Dent Capital, Motus Ventures, SUM Ventures, and strategic investors also participated in the round. The company has simulated over 2.5 million people globally, including 500,000 in India, and conducted over 30,000 simulations. The company's SAPIENS model uses demographic, psychological, and behavioral data to predict consumer reactions to digital products and experiences. Vectorial claims its model is 30% more accurate than general large language models in predicting human behavior. Clients include boAt, GoodRx, Suki AI, Everkind, and Concrete Software.
The Bangalore-based transport platform Onto launched its services after raising $1 million in seed funding. The round was led by Stargazer Fund, with co-leadership from Singapore's White Venture Capital. Founded by former Groww employees Jagdeep Singh and Shubham Goyal, Onto aims to support travelers even after booking completion. Its first feature, Price Drop Refund, tracks hotel prices and automatically refunds customers when the price for the same hotel, room, and dates drops. This feature also applies to bookings made on other platforms, sending the refund to the original payment method and notifications via WhatsApp and the app. Onto reported that its app registered over 2000 downloads before launch. The company plans to use the funds to expand operations, strengthen technology, and develop AI-powered travel products.
Enrission India Capital from Japan invested in Raaho, a digital freight platform based in Gurugram, although the round size was not disclosed. Founded in 2017, Raaho connects logistics companies with truck owners through digital matching, verification, and billing, replacing parts of the traditional offline broker model. The company reported approximately 50% YoY growth, with trip volumes increasing by about 75%, achieving its first full-year profitability in FY26. It currently operates in 20 cities. The investment will support expansion to 25 cities, entry into the open truck category, and deeper integration of AI in cargo matching, pricing, document processing, and customer interaction.
GrowthCap Ventures invested in LogiXair, a deep tech company from Hyderabad that develops autonomous hybrid-electric Vertical Take-Off and Landing (VTOL) aircraft for cargo transport. The startup, founded by Bhanu Teja Chidura and Pulla Kapil, focuses on short-haul cargo transport up to 600 km between megacities, industrial hubs, and smaller towns without using traditional runways. Their L560 aircraft is designed to carry up to 300 kg. LogiXair states that they have validated the hybrid-electric powertrain, conducted smaller-scale prototype tests, and developed six intellectual property assets at Technology Readiness Level 6. The company also collaborates with DRDO and original equipment manufacturers in the aerospace and defense industries. The investment will go towards engineering development, technology validation, and commercialization, while the company explores partnerships in the logistics, industrial, and strategic sectors and prepares for potential international market entry.
Cloud infrastructure provider Vultr plans to deploy AMD Instinct MI355X GPUs in a new 20-megawatt supercluster in Chennai. The company stated this would be the largest AMD Instinct deployment in India and one of the two largest AI infrastructure deployments globally. Each GPU offers 288GB of HBM3E memory and 8 TB/s memory bandwidth. The supercluster is designed to support AI labs, fundamental model developers, startups, enterprises, and academic institutions with workloads including model training, fine-tuning, and inference. Vultr noted that locally available compute power can help organizations comply with data residency, sovereignty, and latency requirements. The deployment will utilize the open AMD ROCm software ecosystem, giving developers access to AI frameworks, libraries, and models. Vultr also plans further global capacity expansion in 2027 using next-generation AMD infrastructure.
Technology company Girikon.AI developed Koyal, a voice AI model designed to support more natural and adaptive voice interaction across different languages and applications. The company stated that the model focuses on aspects such as pronunciation, tone, linguistic nuances, and conversation context, which influence how people perceive voice technology. This development comes as businesses explore conversational AI for customer service, sales, support, and other business functions. Girikon.AI emphasized that voice interfaces considering regional language preferences and communication styles can make digital services more accessible in India's linguistically diverse market.
Physical AI startup Agrograde implemented what it calls the first AI-based optical sorting system in India specifically designed for arecanut. The first commercial installation is at Vikas Traders in Mangaluru, Karnataka. The system can process about one ton per hour, allowing the unit to process nearly eight tons daily. Using computer vision, it takes numerous images of each nut, identifies visible defects, and separates rejected material from acceptable produce. Agrograde reported that the sorting accuracy of the model improved from approximately 75% during commissioning to around 89% as commercial operational data was incorporated. The system also generates quality summaries covering size distribution, defects, and packed quantities.
Karmayogi Bharat and OpenAI signed a Memorandum of Understanding (MoU) to enhance the development of AI potential in India's civil services. Under this collaboration, approved OpenAI Academy learning resources will be available through the iGOT Karmayogi platform, which supports training for government officials at the central and state levels. OpenAI will provide the approved content, while Karmayogi Bharat will coordinate access, learner engagement, and interaction with relevant government departments. The initiative aims to help civil servants acquire practical skills in using AI for daily work and public service delivery. Chhavi Bhardwaj, CEO of Karmayogi Bharat, stated that the collaboration will support responsible and confident use of AI. Pragya Misra from OpenAI India noted that over 1.7 crore government officials are registered on iGOT Karmayogi, providing an opportunity to scale AI capabilities.
Russian medical technology company Motorica began local production of its bionic prosthesis, Indy Hand, at its Indian partner's facility in Ghaziabad, Uttar Pradesh. This initiative includes the transfer of manufacturing technologies, training of local personnel, and implementation of production and quality control processes. Motorica reported that several dozen prostheses have already been manufactured, some of which have been fitted to users. Indy Hand is a myoelectric forearm prosthesis for individuals with upper limb amputations or congenital limb anomalies. It weighs 520 grams, supports multiple grip patterns, and can lift loads up to 10 kg. Local production is expected to reduce costs by utilizing domestic components and decreasing logistics expenses, while increasing service responsiveness. Motorica has been operating in India since 2021 and has established a network of over 60 partner clinics. The company plans to expand local manufacturing and introduce additional products.
VORAN Private Limited from India and Polish W&S Innovation – Aviation Artur Trendak signed an MoU to explore cooperation in gyrocopter aviation and the potential production of light aircraft in India. Initial areas of interest include the advanced X2 gyrocopter and AAT TAIFUN, as well as other products where the companies may agree. The proposed cooperation could cover market development, design, technical expertise, support, product development, aircraft sales, pilot training, maintenance, and technical skill development. Any technology transfer or intellectual property licensing will require separate agreements. The X2 is equipped with folding landing gear, a landing shock absorption system, upward-opening electric doors, and avionics, including GPS navigation and LCD displays. VORAN stated that this partnership is part of its efforts to merge international aviation experience with Indian talent and develop capabilities in the country's light aviation sector.
KickSky Space Lab opened applications for the third cohort of its space technology startup accelerator; the program is scheduled to begin on December 1, 2026. The accelerator plans to select five to six companies. Founded in 2023 by deep tech investors Riceberg Ventures, E2MC Ventures, and Aniara Space, KickSky has supported 11 startups in the first two cohorts. Six graduates have secured funding or exited the business, according to the organization. The six-month program combines four months of active acceleration with two months of post-program support. Selected startups will receive a stipend of $10,000 USD, individual technical and business mentorship, commercialization support, and introductions to investors, clients, and industry partners. KickSky is also developing partnerships to assist startups with legal, regulatory, banking, testing, and launch-related requirements. In June 2026, Ideabaaz acquired a 25% strategic stake in KickSky.
The convenience retail brand YatriKart announced a ₹120 crore partnership with MMG Group to establish 1000 Quick Stop stores across India within five years. Under a Franchise, Company-Managed, Financed model, MMG will finance store infrastructure and capital expenditure, while YatriKart will manage operational expenses, technology, supply chain, personnel, and daily activities. The first phase targets 100 stores in Delhi NCR, planned locations at petrol pumps, highways, bus terminals, and other transport hubs. YatriKart currently manages over 80 stores in eight cities, selling coffee, food, beverages, and essentials. The company also plans to launch a consumer application that will allow customers to locate stores along a route, pre-order, and pick up goods at participating locations. The plan to create 1000 stores supports YatriKart's broader goal of building a network of 5000 stores nationwide.
Consumer tech brand boAt has expanded into Sri Lanka and Bhutan as part of its drive to grow its international business outside India. The company reported that international revenue more than doubled in FY26, providing early momentum for its overseas strategy. The new markets complement its presence in Southeast Asia and the Gulf Cooperation Council region. boAt enters Sri Lanka and Bhutan.
