Startup news and updates: Daily roundup (August 31, 2026)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Monday, August 31, 2026.
Athletes continue to inspire with remarkable performance, as the government readies further investments. Shashruti Nakade has progressed from a swimming medalist to a para-triathlete ranked World No. 9, aiming for qualification in the LA 2028 Games after missing the Paris Paralympics. NIIF, India's sovereign-anchored alternative asset manager, raised Rs 19,000 crore for its second fund, with government and sovereign wealth fund participation.
Zomato implemented a zero-tolerance policy on analogue dishes, including cheese and paneer, on its platform. The government announced the Semicon 2.0 scheme, investing Rs 1,27,500 crore to strengthen India's semiconductor ecosystem. DocPharma secured $2 million in pre-Series A funding to expand its SaaS platform for healthcare supply chain management.
YOGa Clean Air secured Rs 20 crore in funding to deploy its air filtration technology in homes, hospitals, schools, and offices. PhonePe launched UPI 123Pay, enabling feature phone users to make UPI payments without internet connectivity. MapmyIndia Mappls and ClarityX introduced the geo-intelligence platform Geo-FI for the lending sector, using spatial intelligence to identify risk and opportunity.
Paisabazaar's AI now generates 86% of its new code, streamlining technology development and scaling.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
