YourStory brings you today’s headlines with the latest developments across sectors.

Featured stories

Inside Magic Bus India Foundation’s Rural Livelihood Programme

Magic Bus India Foundation's Rural Livelihood Programme is designed to help women from economically vulnerable rural households build sustainable livelihoods through entrepreneurship, self-employment, or wage opportunities. Working through a "saturation model," the organisation focuses on selected low-income blocks, partnering with gram panchayats and local stakeholders to identify and enrol women from Below Poverty Line (BPL) families. Participants are assessed for both socio-economic vulnerability and entrepreneurial potential before being introduced to livelihood opportunities based on local market demand. 

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Funding news

Fixxly raises $5.5M in  seed round

Fixxly, a quick commerce startup focused on the building materials sector, has raised $5.5 million in a seed funding round led by Accel, Fireside Ventures, and Lightspeed India Partners.

The fresh capital will be used to strengthen the company's technology platform and scale operations ahead of its commercial launch on September 1. Fixxly will debut in Bengaluru before expanding to other cities.

Founded in 2026 by Shezan Bhojani and Sachith Varma, Fixxly is building a digital procurement platform for the construction and interiors ecosystem. It aims to enable contractors, tradespeople, interior designers, and homeowners to source building materials on demand, with deliveries targeted in about 30 minutes.

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Revspot raises $4.8M Series A round

Revspot, an AI-native platform that automates qualified pipeline generation for high-ticket B2C businesses, has raised $4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures.

The round also saw participation from Pentathlon Ventures and Silicon Road Ventures as new institutional investors, along with continued backing from existing investor Titan Capital.

The startup will use the fresh capital to strengthen its product and engineering teams in India, enhance its buyer intelligence and AI-powered lead qualification infrastructure, expand into new high-ticket B2C sectors, and grow its presence in select international markets.

Founded in 2024 by Darshan Subash, Chirag Wadhera, and Varun Garg, Revspot combines AI-driven lead generation and lead qualification into a single platform. 

Other news

IIT Madras partners with FaME TN

IIT Madras has partnered with the Bureau for Facilitating MSMEs of Tamil Nadu (FaMe TN), a state government agency, to accelerate digital transformation, artificial intelligence (AI) adoption, and capability building across the state's micro, small, and medium enterprises (MSME) ecosystem.

The initiative will be led by IIT Madras' Center of Tech Excellence with support from a CSR grant by Walmart Global Tech. It aims to digitally empower MSMEs in manufacturing, retail, and allied sectors through technology adoption and capacity-building initiatives.

As part of the collaboration, the partners will develop a State-level MSME Digital Readiness and Adoption Index to assess the digital maturity of enterprises across Tamil Nadu. The programme will also support AI, digital transformation, and Industry 4.0 adoption through digital readiness assessments, training programmes, technology demonstrations, and implementation support.

Emeritus appoints Sachin Mohan as Head of University Partnerships

Global edtech company Emeritus, part of Eruditus, has appointed Sachin Mohan as Head of University Partnerships–India, effective July 2026, as it looks to strengthen collaborations with higher education institutions in one of its key growth markets.

Mohan brings over 15 years of experience in strategic partnerships, business development, P&L management, and enterprise sales across the technology, higher education, and digital sectors in India, Southeast Asia, Australia, the UK, and the US. Most recently, he led global university partnerships at Great Learning, where he worked with leading institutions on executive education, certificate, and degree programmes, while also scaling the company's study abroad business in India. He has previously held leadership roles at Capillary Technologies and Genpact Headstrong Capital Markets.

In his new role, Mohan will lead Emeritus' university partnership strategy in India, working with premier institutions to develop and scale executive education programmes that combine academic excellence with industry relevance.

Data Science Wizards launches AI partnership model for enterprise AI adoption

Data Science Wizards (DSW), the company behind the DSW UnifyAI OS enterprise AI operating system, has launched the DSW AI Partnership Model, a new engagement framework aimed at helping enterprises scale artificial intelligence beyond isolated pilot projects.

The trust-led, long-term framework is designed to help organisations identify high-impact AI use cases, establish governance and technology architecture, deploy AI into production, and continuously optimise outcomes. Built around shared accountability and enterprise ownership, the model seeks to enable businesses to embed AI as a governed, scalable, and sustainable capability rather than a series of fragmented initiatives.

According to the company, the partnership model focuses on delivering measurable business value while helping enterprises build long-term AI capabilities across their operations.

ASMS, ProClime partner to develop biochar-based soil solutions for sustainable agriculture

Avio Smart Market Stack Limited (ASMS) has signed a strategic memorandum of understanding (MoU) with ProClime Services Private Limited to jointly develop and commercialise biochar-based soil enhancement solutions aimed at improving agricultural productivity while supporting India's climate goals.

The partnership combines ASMS' rural distribution network, agricultural expertise, and formulation capabilities with ProClime's expertise in biochar production and carbon project development. Together, the companies will develop scientifically validated biochar-integrated fertiliser formulations designed to improve soil fertility, enhance water retention, boost crop yields, and enable long-term carbon sequestration.

As part of the collaboration, the partners will undertake research, laboratory analysis proposed at IIT Roorkee, field trials, and agronomic validation across multiple crop varieties, soil types, and agro-climatic conditions. They will also evaluate biochar derived from sustainable feedstocks—including bamboo, lantana, senna, pine needles, and agricultural residues—to identify optimal formulations for commercial deployment.

Healthfab signs MoU with Andhra Pradesh govt

FemCare brand Healthfab has announced the signing of an MoU with the Andhra Pradesh Govt to acquire 2 acres of land in Kuppam, Chittoor District to launch its second manufacturing plant for a range of period care panties. The Company plans to invest Rs 15 crore in the unit with an aim to generate over 700 direct and indirect employment.

The expenditure will be spread across factory infrastructure, advanced manufacturing equipment, modern technology, quality assurance infrastructure and workforce development

The proposed manufacturing plant will house Healthfab's vertically integrated manufacturing facility, including production units, quality testing, warehousing, research & development and administrative infrastructure.

With a monthly capacity of over 4 lakh period care panties, the company also plans to design and manufacture reusable period panties, disposable period panties, and other products currently in the pipeline.

(This article will be updated with the latest news throughout the day.)