Startup news and updates: Daily roundup (August 28, 2026)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, August 28, 2026.
Ola Electric marked its presence with the launch of its electric scooter, the S1Z, priced at Rs 79,999. Bookings opened and deliveries slated for December. Bhavish Aggarwal, CEO of Ola Electric, announced the launch on social media platform X. India's push towards electrification is set to witness a new benchmark with the launch of S1Z.
Shares of electric two-wheeler maker Ather Energy surged by over 7% following news of Hero MotoCorp's stake increase. Ather's share price climbed from Rs 1495.30 to Rs 1603.10. The stake boost is seen as a significant move in the EV sector.
Ecommerce giant Meesho experienced a 36% year-on-year surge in orders during Rakhi shopping season, with non-metro India contributing 73% of the festive shopping. GMV of Meesho grew by 38% during Rakhi shopping season compared to the prior year. Gen Z shoppers accounted for more than 40% of customers during the festive period.
Flipkart Minutes noted a threefold spike in festive shopping during Raksha Bandhan. Gen Z shoppers constituted more than 40% of customers during the festive period. Rakhi was the fastest-growing category, with a 20X growth, while maang tikkas registered a 4X growth. Other popular categories included precious earrings, gold and silver coins and bars, and pooja thaali sets.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
