Deccan Founders

@deccanfounders.com

Sarvam plans to raise an additional $74 million (₹697.8 crore) through an extension of its ongoing $300 million Series B round, according to MCA filings. NVIDIA, Glade Brook, Gaja Capital, Indigo Ventures, and other investors will participate.

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Samsung unveiled 400-plus-layer V10 Bonding V-NAND prototype and introduced zHBM and zNAND-O AI memory concepts at the FMS conference. The new NAND boosts memory density by 58%, while Samsung also showcased HBM4E, HBM5 and LPDDR5X-PIM.

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The Department of Space has launched two subsidy schemes offering 30% to 100% financial support to private space companies through IN-SPACe. The initiatives cover launch services, access to ISRO facilities, technology transfer, and satellite data.

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The Centre has proposed changes to UPI rules through the Taxation and Other Laws (Amendment) Bill, 2026, allowing future government decisions on MDR exemptions while keeping UPI payments free for consumers.

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Anthropic will bring in country inference for its Claude AI models to India through Amazon Web Services' (AWS) Amazon Bedrock in the coming weeks. The capability will allow eligible customers to process AI inference requests within India.

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Meta, Google, X and Snapchat will appear before India's Parliamentary Standing Committee on Communications and Information Technology in New Delhi at 4 PM on 3 August 2026. Chaired by BJP MP Nishikant Dubey, the hearing will examine data privacy, the safety of women and children.

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Urban Company’s InstaHelp has crossed 100,000 daily delivered orders, marking a major milestone in India’s growing instant home services market. The platform’s rapid expansion highlights rising demand for quick household solutions and Urban Company’s ability to scale operations.

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Alibaba has introduced Qwen3.8-Max, a 2.4-trillion-parameter Mixture-of-Experts (MoE) AI model with a context window of up to one million tokens. According to the company, the model activates 95 billion parameters for each query and supports coding, research, and text, image, and video tasks.

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PhonePe has launched PulsePro, a paid enterprise intelligence platform that provides near real time market insights using aggregated and anonymised transaction data. Built on its network of over 700 million users and 50 million merchants, the platform helps businesses analyse consumer spending.

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Google has launched Ask Google Pay, a Gemini-powered AI assistant that helps eligible Google Pay users in India track spending, discover savings and understand financial concepts through text or voice in 10 Indian languages.

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India says Gaganyaan is nearing its first uncrewed mission, with HLVM3, Crew Module and Service Module propulsion systems qualified, escape motors statically tested and G1 hardware in final assembly. ISRO has completed two Integrated Air Drop Tests and Sagar Manusha telemetry validation.

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NPCI is moving to tighten privacy on UPI, directing banks and app providers to mask mobile numbers, UPI IDs and account details on customer screens by September 4, 2026. Username based Virtual Payment Addresses will become the default, responding to harassment and safety concerns as UPI usage.

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