7 IPOs eye Rs 6,400 Cr this week

Dear Reader,

India’s IPO rush is showing no signs of slowing.

Starting today, seven companies are set to raise over ₹6,400 crore through initial public offerings. The line-up spans industrial parks, jewellery, entertainment, finance, and technology, pushing this year’s IPO tally even higher.

On the other side of the globe, investors are already debating what AI major Anthropic could be worth in a potential IPO, possibly the biggest of all time. They are said to be taking a leap of faith by valuing the AI company based on projected 2028 revenue of as much as $200 billion, underscoring just how aggressively investors are pricing future AI growth.

This technology is already transforming Hollywood, where studios like Promise are blending human actors with AI-generated worlds. Filmmakers are finding they can slash costs by up to half, creating scenes such as underground caverns or swaying meadows without leaving the office. While big names like Ron Howard are on board, others fear the loss of human connection in the arts.

Back home, policy attention has turned to taxes and energy security. India has introduced  a new tax amnesty scheme for small taxpayers with undisclosed foreign assets, while setting production targets for cooking gas to combat supply disruptions caused by overseas conflict. 

Meanwhile, scientists are diving deep underground to capture ghostly particles. Results published in 2026 from China’s Jiangmen Underground Neutrino Observatory have delivered some of the most precise measurements yet of key neutrino properties, bringing researchers closer to understanding the behaviour of these notoriously elusive particles.

In today’s newsletter, we will talk about 

• Tagbin’s AI turns text into 3D building designs
• Kusho AI wants to end software bugs

Here’s your trivia for today: Which inventor developed the tabulating machine that eventually led to the creation of IBM? (Scroll down for the answer)

Startup

Can AI turn a prompt into a building design? Tagbin thinks so

Tagbin has launched Brixx, an AI platform that converts simple text prompts into 3D building designs, BIM models and cost estimates. The company believes it can shrink construction planning from months to days while reshaping how projects are designed.

Key takeaways: 

• Brixx grew out of an AI-driven DPR system developed for the Ministry of Development of North Eastern Region, expanding from document automation into a full architecture and construction platform.
• Tagbin says generative AI interprets a user’s requirements, but the underlying building models are created through mathematical modelling rather than by an LLM alone.
• The platform is being rolled out to enterprises first, with revenue expected through subscriptions and project-based pricing ranging from 0.5% to 3% of project value.

Startup

Kusho AI wants to end software bugs

Kusho AI is tackling software maintenance with AI agents that automatically generate, run and update tests across APIs, web and mobile apps. The San Francisco-based startup, with teams in Bengaluru, aims to catch bugs before releases reach production and reduce costly downtime.

Key takeaways: 

• Kusho AI targets industries where outages carry heavy consequences, focusing on sectors such as banking, logistics and ride-hailing that demand near-continuous reliability.
• Instead of depending on a single model, the platform uses an orchestration layer that directs testing tasks to specialised AI systems trained on proprietary data.
• The startup has adopted a product-led strategy, attracting 35,000 developers on its free tier and converting adoption into enterprise relationships with more than 5,200 customers.

News & updates

• Cricket: Bangladesh stunned Australia with a historic nine-wicket win in Darwin, securing their first Test victory on Australian soil. Mehidy Hasan Miraz starred as the tourists completed one of cricket’s greatest upsets.
• Stake: Billionaire Peter Thiel has acquired a 1% stake in Argentine oil producer Vista, deepening his ties to the country as it expands investment and production in the vast Vaca Muerta shale region.
• Heatwave: Europe’s repeated heatwaves are exposing a major insurance gap as businesses face falling sales, lower productivity and rising costs. With traditional policies offering little protection, insurers are turning to parametric cover.

What to watch this week 

• Flipkart parent Walmart will release its second quarter earnings on August 20, with chief executive officer John Furner and chief financial officer John David Rainey set to discuss the results and take questions.
• The 2026 US Open gets under way on August 23, qualifying begins on August 24, and the singles main draw starts on August 30. The tournament will be played at New York’s USTA Billie Jean King National Tennis Center.

Did you know?

Which inventor developed the tabulating machine that eventually led to the creation of IBM?

Answer: Herman Hollerith

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