Startup news and updates: Daily roundup (August 13, 2026)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, August 13, 2026. Indian fabric continues to remain a top draw as investors have kept the pace in fund raise, YourStory brings you today’s headlines with the latest developments
Fabindia Managing Director William Bissell discusses the importance of being a constant presence in a customer's life rather than just a trending brand. Allstate Insurance Company's SVP Tejaswini Hebalkar shares her perspective on leadership, mentorship, and the impact of AI on the industry. Venture capital firm Mirae Asset’s MAVI closes its first round of funding for the Rs 1,800 crore Mirae Asset Venture Opportunity Fund II.
Frontier-tech-focused venture capital firm Bluehill.VC raises Rs 400 crore for its maiden fund, including the full subscription of its Rs 50 crore greenshoe option. D2C home cleaning brand Scrubsy secures Rs 27 crore in seed funding, aiming to become India's dominant home cleaning brand at scale. Nanotechnology-based home surface protection brand Invisel raises Rs 4 crore in funding to expand its manufacturing and research capabilities.
Skin health venture Brilliance Cosmocare receives $200,000 in seed funding to develop clinical infrastructure and a skin record data platform. Lightrock partially exits its investment in Kauvery Hospitals, retaining a significant ownership stake. Researchers at IISc's SPIRE Lab, in collaboration with ARTPARK and Google, release the multilingual speech recognition model SraVaani, trained on 65 languages and dialects.
Capitalmind Mutual Fund's Capitalmind Flexi Cap Fund reaches Rs 600 crore in assets under management within its first year.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
