Musk’s Grok broke X rules? Reports say AI chatbot briefly suspended by microblogging site
The chatbot claimed that its answer was mass-reported by pro-Israel users and advocacy groups, leading to the suspension
Startup news and updates: Daily roundup (August 12, 2025)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here’s the roundup for Tuesday, August 12, 2025.
TDK Ventures invests $21M in Ultraviolette
The investment comes as the electric motorcycle manufacturer continues to expand its retail presence in India and follows its entry into European markets earlier this year.
Brandworks Technologies raises $7M in round led by Catcus Partners
The electronics design-led manufacturing company will use the newly raised funds to fuel R&D, enter global markets, and scale-up manufacturing.
Lavni Ventures marks first close of Rs 200 Cr deeptech fund
Initial commitments move the SEBI-registered Fund II closer to its Rs 200 crore target to back climate, healthcare, energy and education ventures.
awfis Q1 revenue up 30% to Rs 334.70 Cr; PAT surges nearly 3.6x
The company’s EBITDA margins widened to 37.8% as capacity crossed 1.4 lakh seats across 220 centres. rofit after tax increased 3.6X to Rs 9.98 crore compared to Rs 2.79 crore in Q1FY25.
Luxury beauty brand Kimirica raises $15M from Carnelian Ventures, led by Vikas Khemani
The company plans to scale its revenue from Rs 300 crore to Rs 1,000 crore over the next three to four years and strengthen its B2B hospitality arm, Kimirica Hunter, and its D2C brand Kimirica Lifestyle.
Early-stage VC firm Atomic Capital raises Rs 400 Cr for maiden fund
Atomic Capital will invest in startups that are focused on the consumer segment and aims to have 10-12 companies in its portfolio.
Seeds Fincap raises Rs 50 Cr in pre-Series B funding led by Z47, Lok Capital
The funds will be used to expand into new regions, strengthen technology and risk infrastructure, and accelerate growth ahead of its planned Series B raise, the company said.
Online marketplaces & groceries drive UPI growth; UPI spending at department stores dip
Spending via UPI on online marketplaces climbed to nearly Rs 8,054 crore in July from Rs 5,170 crore in April this year, clocking a growth of over 55%, outpacing other retail segments, according to data from National Payments Corporation of India.
GitHub CEO Thomas Dohmke to step down, pursue new venture
Thomas Dohmke took on leadership roles at GitHub before becoming its CEO in late 2021. He has guided the Microsoft-owned code-hosting platform through significant growth.
GitHub CEO Thomas Dohmke to step down, pursue new venture
Thomas Dohmke took on leadership roles at GitHub before becoming its CEO in late 2021. He has guided the Microsoft-owned code-hosting platform through significant growth.
Bengaluru startup Launch lets you build websites with plain English prompts
Launch is an AI-native platform that transforms plain English prompts into fully functional, production-grade websites and web apps. The startup claims to have already attracted thousands of users globally.
Bluestone backers reap hefty rewards; Nykaa set for strong Q1 momentum
Accel India, Saama Capital and Kalaari Capital are set to reap the biggest rewards from Bluestone’s IPO. Nykaa is expected to post mid-20% revenue growth in Q1FY26. Dassault Systemes aims to further long-term engagement with Indian hardware startups.
Speciale Invest announces close of Fund III with a target corpus of Rs 600 Cr
Speciale Invest’s Fund III will invest in 18 to 20 startups between 2025 and 2029 across deeptech segments, including spacetech, advanced manufacturing, energy, health, and AI.
Speciale Invest announces close of Fund III with a target corpus of Rs 600 Cr
Speciale Invest’s Fund III will invest in 18 to 20 startups between 2025 and 2029 across deeptech segments, including spacetech, advanced manufacturing, energy, health, and AI.
ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures Southeast Asia & India
The company will utilise the capital to expand in India, prepare for global markets, and scale operations through technology.
ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures Southeast Asia & India
The company will utilise the capital to expand in India, prepare for global markets, and scale operations through technology.
Pronto raises $11M in Series A funding from General Catalyst and Glade Brook Capital
Pronto plans to use funds to fuel its expansion into Mumbai and Bengaluru, onboard 10,000 professionals, and invest in quality assurance technology.
Pronto raises $11M in Series A funding from General Catalyst and Glade Brook Capital
Pronto plans to use funds to fuel its expansion into Mumbai and Bengaluru, onboard 10,000 professionals, and invest in quality assurance technology.
