Startup news and updates: daily roundup [August 10, 2026]

The spacetech segment in India continues to show exciting developments and investors continue to bet on Indian startups, YourStory brings you today’s headlines with the latest developments across sectors

GalaxEye buys StarOps to strengthen indigenous satellite engineering

GalaxEye has acquired StarOps, adding spacecraft engineering expertise, satellite platforms and indigenous technologies as it expands its capabilities across the satellite development and Earth Observation value chain.

Read more

Sarla Aviation gets design organisation approval from DGCA

Bengaluru-headquartered electric air taxi startup Sarla Aviation said it has received design organisation approval (DOA) from the aviation safety regulator that would help the platform transition to full commercial production. The company also announced signing-in partnerships with Manipal Hospitals and Aeromed Air Ambulance, Prestige Group, Jio-bp, Jeppesen Foreflight, Hexel Composites, and Tata Elxsi.

Read more

Aum Ventures raises Rs 225 Cr first close for new deeptech fund

Aum Ventures has raised Rs 225 crore in the first close of a new Rs 750 crore fund aimed at backing Indian deeptech startups, adding more private capital to sectors that are also receiving growing policy support. The India Innovation Fund II will target pre-seed and seed-stage companies in spacetech, semiconductors, defence-tech, AI, robotics, energy transition, and advanced manufacturing.

Read more

Other news

Google, Lightspeed launch AI Sprint for consumer tech, fintech startups

Google has launched the Google for Startups Sprint, powered by Lightspeed, a one-day workshop aimed at Seed to Series B founders and CTOs in the consumer technology and fintech sectors. The programme is designed to help startups move from AI experimentation towards practical and scalable deployment. The initiative combines Google’s engineering expertise with Lightspeed’s experience of backing consumer technology and fintech companies in India. The Sprint focuses on three areas: architecture, economics and execution. Google engineering teams will provide founders with access to repository templates and technical guidance, while Lightspeed India partners will discuss margins, unit economics and sustainable growth. Participants will also use specialised templates tailored for consumer tech and fintech to live-build and test production-ready AI agents, helping bridge the gap between AI architecture and business execution.MIT Bengaluru,

IBM launch AI Lab with high-performance computing facility

Manipal Institute of Technology (MIT) Bengaluru has inaugurated the IBM–MIT AI Lab – MAHE Intelligence GPU (MIG) at its Bengaluru campus in collaboration with IBM. The facility houses a high-performance computing (HPC) infrastructure aimed at democratising access to advanced artificial intelligence resources.

The lab will provide computing resources, research infrastructure and digital skilling opportunities to students, researchers and institutions across India. It will support research in machine learning, deep learning, generative AI, computer vision, natural language processing, cybersecurity, healthcare, intelligent systems and data analytics. The facility can simultaneously support 30 high-performance computing workloads. The lab will also serve as a platform for industry-sponsored projects, faculty development, hackathons, internships, startup incubation and collaborative technology development.

Escape Plan partners with Snitch to enter travel category

Travel platform Escape Plan has partnered with fashion and lifestyle brand Snitch, making it the third brand to join its platform after HRX and Rare Rabbit. The partnership is aimed at helping consumer brands expand into the travel category through Escape Plan’s end-to-end capabilities covering product development, sourcing, manufacturing and distribution.

Snitch, which has more than 115 stores across India, reported 80% year-on-year revenue growth to ₹900 crore in FY26. The company is now looking to extend its consumer appeal into adjacent lifestyle categories, with travel identified as a natural next step. Escape Plan said its model allows brands to build and scale travel businesses without investing in new capabilities, while maintaining their brand identity and accelerating time to market.

LML Brand Holdings acquires jewellery brands Asmi and Sangini

LML Brand Holdings has acquired jewellery brands Asmi and Sangini, marking its entry into the branded jewellery segment. The acquisitions are part of the company’s “Reimagining Legends” philosophy, which focuses on preserving recognised brands while creating opportunities for their next phase of growth through partnerships, innovation and market expansion. Asmi is known as a diamond jewellery brand that promoted the concept of self-purchase, encouraging women to celebrate their achievements through diamonds.

LML Brand Holdings follows a licensing-led model for heritage brands, focusing on brand stewardship while category partners manage product development, manufacturing, distribution, sales and market expansion. The company said this approach allows acquired brands to evolve while retaining their legacy and consumer recognition. The acquisitions of Asmi and Sangini expand LML Brand Holdings’ portfolio into the branded jewellery market.

Saafe Tech launches credit assessment report for lenders

Technology service provider Saafe Tech has introduced its Credit Assessment Report (CAR), a unified credit decisioning solution designed to help lenders make more informed and efficient lending decisions. The platform uses consent-based financial information from the Account Aggregator ecosystem and other approved financial data sources to create a unified borrower profile.

CAR triangulates and cross-validates financial datasets to identify relationships and risk indicators that may not be visible when individual datasets are assessed separately. Depending on the applicant’s credit profile, the report evaluates up to 15 financial and behavioural risk indicators, including repayment capacity, cash-flow patterns, existing obligations and overall financial health. Saafe said the report can generate an assessment in less than 60 seconds and can be configured to match individual lenders’ underwriting policies and rule engines.

SUSE highlights digital sovereignty and AI readiness at Mumbai summit

Enterprise open-source software company SUSE has launched its flagship SUSE Summit Mumbai 2026 under the theme “Shape Your Resilient Future”. At the event, the company unveiled its roadmap for helping Indian enterprises navigate digital transformation, evolving national data policies and increasing AI workloads. According to SUSE’s Navigating Digital Resilience 2026 report, 62% of respondents in India identify digital sovereignty as a strategic priority and are actively investing in it, compared with 52% globally. The report also found that 90% of Indian IT leaders are prepared to increase AI budgets. However, organisations continue to face an execution gap between AI ambitions and deployment of secure and sovereign technology foundations. SUSE said it is supporting India’s digital infrastructure through open infrastructure for IndiaAI Mission compute capabilities and India Stack.

Aye Finance elevates four senior executives to chief-level roles

Technology-driven NBFC Aye Finance has announced the elevation of four senior leaders to chief-level positions as the company strengthens its organisational capabilities. Ankur Sharma has been appointed Chief Human Resources Officer, while Piyush Maheshwari will serve as Chief Credit and Operations Officer. Akash Purswani has been elevated to Chief Collection Officer and Sovan Satyaprakash has been appointed Chief Strategy & Investor Relations Officer.

The company said the appointments reflect its focus on building a future-ready organisation with strong governance, operational excellence and customer-centricity. The strengthened leadership team is expected to play a key role as Aye Finance scales its business, with responsibilities spanning innovation, institutional capabilities and customer delivery. The company said the appointments will also support its efforts to create long-term value for customers, employees and shareholders.

4baseCare partners Shankara Cancer Hospital on precision oncology

Precision oncology company 4baseCare has partnered with Shankara Cancer Hospital and Research Centre to strengthen precision oncology capabilities by integrating advanced Next-Generation Sequencing (NGS)-based genomic testing into routine clinical practice. Under the collaboration, Shankara Cancer Hospital has upgraded its molecular diagnostics laboratory with a high-throughput NGS platform and adopted 4baseCare’s TarGT Indiegene comprehensive genomic profiling assay.

The test analyses more than 1,200 cancer-associated genes using integrated DNA and RNA sequencing to identify clinically actionable biomarkers. The findings are intended to help oncologists make more informed and personalised treatment decisions. A key focus of the partnership is improving affordability and access to genomic testing. TarGT Indiegene will be offered at a subsidised cost, potentially allowing more cancer patients to access precision oncology services.

Fynd integrates fashion quick-commerce platform ZILO

AI-native retail technology company Fynd, backed by Reliance Retail Ventures, has partnered with fashion quick-commerce platform ZILO, bringing ZILO onto Fynd as a sales channel. Through the integration, fashion and lifestyle brands using Fynd can connect their product catalogues and inventory with ZILO and manage incoming orders through their existing Fynd setup. ZILO currently offers curated fashion from more than 200 brands, along with 60-minute delivery, home trials and instant returns across Mumbai, Thane and Navi Mumbai.

The partnership is designed to help brands enter the growing on-demand fashion segment without building a separate technology workflow. Product information, inventory and ZILO orders can remain connected with brands’ broader commerce operations. Fynd said the integration strengthens its marketplace and omnichannel ecosystem for brands.

Vertiv to train 1,500 engineering students in data centre skills

Digital infrastructure company Vertiv is supporting the expansion of IIT Madras Pravartak Technologies Foundation’s data centre skilling initiative into Maharashtra through its corporate social responsibility programme. IIT Madras Pravartak Technologies Foundation has also signed an MoU with Ratan Tata Maharashtra State Skills University.

Vertiv has partnered with IIT Mumbai, IIT Madras Pravartak Technologies Foundation and IIT (BHU) to provide engineering students with practical skills in data centre operations and AI-ready infrastructure. In 2026, Vertiv will provide free skill development training to 1,500 engineering students covering data centre operations and digital infrastructure management. RTMSSU will use its pre-incubation centre network across 60 colleges in Maharashtra to expand the programme. Students will receive certified online training, along with internship and mentorship opportunities.

Paisalo Digital BC channel crosses $1 billion GTV milestone

NBFC Paisalo Digital has announced that its Business Correspondent (BC) channel has crossed $1 billion in cumulative gross transaction value (GTV). The company said the milestone highlights the growing scale and strategic importance of its BC ecosystem, which is a key part of its efforts to expand access to formal financial services across underserved rural and semi-urban markets.

Paisalo has built a technology-enabled financial inclusion platform combining physical distribution, bank partnerships and digital infrastructure. As of Q1FY27, its network comprised 5,995 touchpoints across 23 states and was supported by 1,574 Business Correspondents. The company has partnerships with public sector banks including State Bank of India, Bank of India and Indian Overseas Bank under the Business Correspondent framework. Paisalo said the milestone demonstrates the scalability of its asset-light, partnership-led operating model.

Girikon.AI integrates Slack into enterprise communication platform

AI-powered SaaS company Girikon.AI has expanded its enterprise communication ecosystem with a Slack integration that connects customer conversations with internal team collaboration. The capability allows businesses to continue engaging customers through familiar channels such as WhatsApp and SMS while automatically routing customer responses into Slack.

This enables sales, customer support and operations teams to manage conversations and collaborate from a single workspace without constantly switching between applications. The integration is part of Girikon.AI’s unified enterprise communication platform and connects customer messaging with enterprise collaboration workflows. Messages sent through WhatsApp and SMS continue to reach customers on their preferred channels, while responses are routed to Slack for faster internal action. The solution also integrates with enterprise CRM workflows, creating a more connected customer engagement process.

Procol launches Control Tower 2.0 for AI-powered spend intelligence

Agentic AI platform Procol has launched Control Tower 2.0, the latest version of its AI-powered spend intelligence platform for procurement and finance teams. Built on Multi-Agent Systems, the platform is designed to help organisations analyse enterprise spending, monitor risks and compliance, and support decision-making through AI-driven insights.

Control Tower 2.0 brings procurement data into a single intelligence layer, enabling organisations to identify trends, risks and opportunities across suppliers, contracts, categories, business units and geographies. Its expanded capabilities include demand forecasting, should-costing, AI-assisted discrepancy detection and enhanced risk and compliance monitoring. The platform can identify pricing anomalies, off-contract spending and invoice mismatches while monitoring supplier risks. Its conversational AI interface allows users to query procurement data in natural language and receive contextual responses and visualisations.