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Turtlemint Files Confidential DRHP with SEBI for IPO

Turtlemint Fintech Solutions, founded in 2015 by Dhirendra Mahyavanshi and Anand, has filed a DRHP with SEBI for an IPO. Backed by Peak XV, Nexus Venture Partners, Amansa Capital, and Jungle Ventures, the platform distributed 1.6 Cr+ policies across 19,105 pin codes (FY23–FY25). With 4L+ PoSPs, partnerships with 42+ insurers, and 4.3L+ trained advisors, the IPO aims to strengthen its footprint in India’s digital insurance market.

SoftBank reduces its stake in Ola Electric by over 2%

SoftBank cut its stake in Ola Electric by 2.15%, selling 94.9M shares via SVF II OSTRICH (DE) LLC, reducing its holding to 15.68%. Z47 and Tiger Global also partially exited earlier. Despite a 50% stock surge, shares closed at ₹64.45, valuing Ola at ₹28,445 Cr. Ola ranks second in two-wheeler EV sales with 18.19% share, though Q1 FY26 revenue dipped to ₹824 Cr and losses rose to ₹428 Cr.

Dectrocel raises ₹4Cr in funding led by IAN Group’s BioAngels

Dectrocel, an AI health-tech startup, raised INR 4Cr from IAN’s BioAngels to scale operations and expand AI solutions. Founded by Ankit and Saumya Shukla with Nikhil Mishra, it builds tools for respiratory and HPB diseases. Its CDSCO-approved flagship, DecXpert, interprets chest X-rays and CTs with high accuracy, tackling India’s radiologist shortage. Dectrocel plans to expand DecXpert’s reach and diversify its product portfolio.

6 in 10 organizations expect AI to be an active team member or supervisor: Capgemini Research Report

Capgemini Research Institute reports generative AI going mainstream, with 60% firms expecting AI as team members/supervisors within a year. Yet, human-AI collaboration readiness lags, demanding restructuring. 30% are scaling Gen AI a fivefold rise from 2023 led by telecom, consumer goods, and aerospace. While investments rose 9%, cloud costs worry firms. 90% of executives back AI agents, but 71% distrust autonomous AI, exposing governance gaps.

Mark S. Zuckerberg sues Meta over Repeated Facebook Account Suspensions

Indianapolis attorney Mark S. Zuckerberg is suing Meta over repeated Facebook suspensions caused by his name matching the founder’s. He claims lost clients and ad revenue, seeking account restoration, safeguards, and compensation. Despite Meta’s apologies and reinstatement, he criticizes its flawed appeal system. Zuckerberg says he sued because he believes he can win. Meta admitted the error and pledged preventive measures.

We will show them what a ‘dead economy’ looks like – Sridhar Vembu on GST Reforms

Zoho’s Sridhar Vembu hit back at Donald Trump’s remarks on India’s economy, declaring, “We will show them what a ‘dead economy’ looks like.” His September 4, 2025, post backed Nirmala Sitharaman’s GST reforms effective Sept 22 simplifying taxes to 5% and 18%, while levying 40% on luxury goods. Vembu hailed the mix as pro-growth. Kotak AMC’s Nilesh Shah called it “ek teer kai nishaan”, easing inflation and business. Experts see a 0.5% GDP boost despite U.S. tariffs.

AutoDukan raises $1M Pre-Series A to scale its operations & enhancing AI capabilities for procurement & claims

AutoDukan, an AI-driven automotive aftermarket platform, raised $1M in Pre-Series A led by Choice Group and HNIs, with MetroMax Group and Ankit Sajnani participating. The funds will scale operations, expand AI for demand prediction and claims automation, and strengthen partnerships. Reporting 10x growth, AutoDukan serves 2,000+ clients, maps 2M spare parts, and manages 200K live inventory, digitizing procurement, insurance, and workshops against rivals like GoMechanic and Automovill.

OpenAI to launch Jobs Platform

OpenAI is set to launch its AI-driven Jobs Platform by mid-2026, featuring AI-powered candidate matching and a dedicated track for SMBs. Backed by collaborations with Walmart, John Deere, Accenture, and others, the platform will connect businesses with AI-ready talent. Complementing this, OpenAI Certifications aim to validate skills and certify 10M Americans by 2030, aligning with White House AI literacy goals.

Freshworks Founder Girish Mathrubootham to to step down as Executive Chairman

Freshworks founder Girish Mathrubootham will step down as executive chairman by Dec 2025, concluding a 15-year journey that saw Freshworks grow into a global SaaS leader with an IPO and $800M+ annual revenue. He will shift focus to Together Fund, his $200M AI-focused VC. Roxanne Austin will succeed him as chairperson, while Mathrubootham stays a key shareholder, marking a generational change in Indian SaaS leadership.

Amazon completes Axio acquisition, strengthening its BNPL offering in India

Amazon has acquired Axio to strengthen BNPL services in India after RBI approval. Amazon earlier invested $22M in 2018 via Sambhav Fund and $20M more before this deal, estimated at $200M. Cofounders Gaurav Hinduja and Sashank Rishyasringa built Axio to serve 10M customers and manage INR 2,200 Cr in assets. Amazon’s Mahendra Nerurkar praised the partnership for enabling credit access to millions.

GST Relief Across Fisheries Value Chain: Fishing Nets, Seafood Products and Aquaculture Inputs All at 5%

Recent GST reforms, effective Sept 22, 2025, cut rates on fish oils, aquaculture equipment, and fishing gear to 5%, lowering costs for farmers and boosting seafood export competitiveness. Taxes on chemicals like ammonia are also reduced, aiding pond preparation. With exports over Rs 60,000 Cr, India’s fisheries sector supports 30M livelihoods. The reforms align with PM Modi’s vision, strengthening the Blue Economy and advancing Viksit Bharat.

Government brings Major Reform in Environmental Compliance in the form of Environment Audit Rules, 2025

The Environment Audit Rules, 2025, introduced by MoEFCC, aim to strengthen compliance monitoring, transparency, and sustainable development while easing business operations. Certified and Registered Environment Auditors (REAs), regulated by the Environment Audit Designated Agency (EADA), will be randomly assigned to projects for independent evaluation. The rules enhance regulatory capacity, ensure unbiased audits, support Green Credit and waste rules, promote data-driven governance, and improve accountability, credibility, and proactive environmental risk management.

Jio Haptik launches AI agents for Indian SMBs at ₹10,000

Jio Haptik launched affordable AI agents for SMBs at ₹10,000 for 2,000 conversations, using WhatsApp and voice AI for support, bookings, and lead qualification. CEO Ahshad Jussawalla notes 80% automated query resolution and 20–25% higher lead conversions. Supporting 22 languages, it targets clinics, real estate, and more. Integrated with Interakt, serving 50K+ SMBs, clients include Re’equil and Aster Hospitals, alongside Jio, Cred, and Unilever.

QuantE Energy raises $500K Seed funding

QuantE Energy, a Noida-based solar startup, raised $500K seed funding from Trillion Dollar Venture Partners and angels Raghunandan G and Amit Lakhotia, plus undisclosed debt. Founded in 2024 by Akshat Khare and Ankush Vashisht, it leverages AI and IoT to make solar affordable, addressing high costs and poor service. With pilots in Mumbai, Pune, and Delhi NCR, QuantE targets India’s $25B solar market, growing 15–20% CAGR across B2B and B2B2C.

RxMen, a men’s health tech startup raises $570K seed funding

RxMen, a Delhi-based men’s health tech startup, raised $570K seed funding led by Inflection Point Ventures. Founded by Shailja Mittal in 2023, it focuses on root-cause treatment for sexual health, hormones, and stress. Funds will drive brand building, product launches, and clinics, targeting EBITDA positivity by Oct 2025. Reporting 100x growth, $70K MRR, and 30K consultations, RxMen projects $1.7M ARR by FY26, competing with Man Matters and Bold Care.

FlexifyMe raises $2.4M Pre-Series A to advance its hybrid care expansion & advanced analysis labs

FlexifyMe raised $2.4M pre-Series A led by IvyCap Ventures and Signal Ventures to scale its hybrid care model. Founded by Manjeet Singh and Amit Bhayani, it blends AI-driven posture analysis with physiotherapy for chronic pain. Funds will expand online/offline centers, launch gait analysis labs, and advance research. Offering personalized programs and live sessions, FlexifyMe serves thousands globally, aiming to replace symptom-based care with data-driven interventions.

Reveal Healthtech raises $7.2M Series A to expand its AI-driven healthcare solutions

Reveal Healthtech raised $7.2M Series A led by Leo Capital with Sanos Capital to scale its AI healthcare solutions. Founded by Sanchit Mullick and incubated by W Health Ventures, it offers BioCanvas and Prism AI for trial acceleration and workflow automation. Supporting US firms with modernization and compliance, Reveal has aided a $40B medical device leader in boosting patient adherence. Funds will enhance global reach and AI capabilities.

Cabinet approves Rs.1,500 crore Incentive Scheme to promote Critical Mineral Recycling in the country

The government approved a ₹1,500 Cr incentive scheme under the National Critical Mineral Mission to boost recycling of e-waste and lithium-ion battery scrap. Running FY26–FY31, it provides Capex/Opex subsidies capped at ₹50 Cr for large and ₹25 Cr for small firms. The scheme targets 270 KT recycling capacity, yielding 40 KT of critical minerals, attracting ₹8,000 Cr investment, and creating 70,000 jobs, shaped through industry consultations

FirstClub Raises $23M Series A at a valuation of $120M

FirstClub raised $23M Series A co-led by Accel and RTP Global, valuing it at $120M. Funds will drive expansion with 35 dark stores, new fulfillment formats, and category additions like kids’ and pet food. Founded in 2024, it offers 4,000+ SKUs and runs four Bengaluru dark stores, scaling further before Diwali. CEO Ayyappan R. notes strong order values, as investor interest in quick commerce grows with peers KNOT and ZILO.

TBO Tek to acquire Classic Vacations for $125 Mn to expands US Footprint

TBO Tek, through TBO LLC, will acquire Classic Vacations for up to $125M, boosting its US luxury travel footprint. It will fund the deal via a Rs 350 Cr loan to Tek Travels DMCC and a $70M Standard Chartered credit guarantee. With $111M in 2024 sales, Classic offers strong advisor networks. Closing in Oct 2025, the deal supports TBO Tek’s global strategy amid rising FY26 revenues.

Anthropic raises $13B Series F at $183B post-money valuation

Anthropic closed a $13B Series F led by ICONIQ, valuing it at $183B, with backing from Fidelity, Lightspeed, Altimeter, and BlackRock. CFO Krishna Rao cites surging demand since Claude’s 2023 launch, with run-rate revenue hitting $1B in early 2025 and $5B by August. Serving 300K+ business customers, Anthropic sees 7x growth in large accounts. Claude Code generates $500M, with funds driving expansion and safety research.

WaterScience raises INR 1.4Cr to fuel growth, brand marketing, and new product lines

WaterScience, a non-drinking water filtration company, secured Rs 1.4 Cr from Velocity, backed by Valar Ventures. The funds will drive growth, marketing, and new product launches. Founded by Sudeep Nadukkandy, Pavithra Rao, and Mohammed Iqbal, WaterScience offers 40+ filters and softeners, aiming to reach 1M more homes. Velocity, which has funded 4,000+ D2C brands with Rs 1,100 Cr disbursed, also provides tools like Shipfast.

Seekho raises $28 million in Series B funding

Seekho raised $28M in Series B led by Bessemer Venture Partners to boost AI tech and expand content formats. Founded by Choudhary, Keertay Agarwal, and Yash Banwani, it offers short educational videos in tech, finance, and social media. With 25M MAUs and 100M+ downloads, Seekho leverages smartphone growth and UPI autopay. Despite competition from YouTube Shorts and Reels, its FY24 revenue rose 475% to INR 11.5 Cr.

Online pharmacy PlatinumRx, raises $6 million Series A

PlatinumRx, an online pharmacy for substitute medicines, raised $6M Series A led by Stellaris Venture Partners with India Quotient. Founded by Piyush Kumar and Ashutosh Pandey, it will expand operations, add fulfillment centers, and strengthen its supply chain. Serving 200K customers across 20,000+ pin codes, PlatinumRx targets 1M users by offering affordable substitutes, competing with Tata 1mg and Truemeds in India’s growing epharmacy market.

PhonePe enables Loan against Mutual Fund investments on its platform

PhonePe, with DSP Finance, has launched Loans Against Mutual Funds (LAMF), offering instant loans up to INR 2 Cr within its app. Users can unlock liquidity without selling investments, keeping SIPs and portfolio growth intact. Interest is charged only on the withdrawn amount, ensuring flexibility. Leaders Hemant Gala and Jayesh Mehta highlight LAMF’s role in empowering financial progress and giving users greater control over their finances.

BSNL to soon launch “BSNL Pay”

BSNL is set to launch BSNL Pay, a digital payment service within its Selfcare app, powered by BHIM UPI. It will enable secure, seamless recharges and bill payments. The BSNL UP (East) Circle shared updates on Twitter. This comes after BSNL’s financial turnaround, posting a Rs 280 Cr net profit in Q4 FY25, compared to a Rs 849 Cr loss in the same quarter last year.

Blue Tokai Brews Up $25M to Fuel Global Expansion

Blue Tokai Coffee Roasters raised $25M in bridge funding from A91 Partners, Verlinvest, and others to expand retail and enter Dubai and Japan. Cofounder Shivam Shahi targets INR 2,000 Cr revenue and 800+ stores in four years. Founded in 2013, it operates 100+ outlets and earlier secured $35M in Series C. FY24 revenue rose to INR 215.8 Cr, as India’s coffee shop market heads toward $1B by 2033.

Infosys Collaborates with Glion Arena Kobe as Official Digital Innovation and GX Partner

Infosys has partnered with One Bright Kobe’s Glion Arena Kobe as its Digital Innovation and GX partner. Using Infosys Cobalt, the collaboration will enhance live entertainment with AI, cloud, and UX-driven personalization. A cloud-based data platform will ensure seamless digital experiences while promoting sustainability. Leaders Jun Shibuya and Hideyuki Aoki highlight the partnership’s role in driving innovation and sustainable practices in Japan’s entertainment industry.

Tuco Kids Raises $4M for Brand Growth and Retail Expansion

Tuco Kids, a Bengaluru-based child personal care brand, raised $4M led by RTP Global with Fireside Ventures’ participation. The funds will boost brand awareness and offline expansion. Cofounder Chanakya Gupta stresses focus on category creation for ages 3 – 13, addressing a market gap. Available on Amazon, Flipkart, and its website, Tuco shows strong retention. RTP Global’s Pavitra Gupta praises its innovation amid rising investor interest in kids’ products.