Funding news
AllSecureX raises undisclosed pre-seed from Finvolve, India Accelerator
Finvolve, along with India Accelerator, has invested an undisclosed amount in AllSecureX, an Indian DeepTech and cybersecurity startup. The company said the pre-seed funding will support Phase 2 product development, controlled defence and space pilots, IP creation, hiring across engineering and business roles, and readiness for iDEX and Indian Army opportunities.Founded in 2025 by Himanshu Vohra, AllSecureX is building a hardware-independent, software-defined platform to discover cryptographic assets, quantify long-term quantum risk and orchestrate transitions to post-quantum cryptography in classified and air-gapped environments.
According to the company, Phase 1 of its QERA platform has run 2,781 assessments across 229 validation environments; it has eight pilot-interest and validation requests, and has filed five patents. The next phase, Quantum Discovery, is being aligned with NIST post-quantum standards and DRDO requirements.
Other news
Inbound Aerospace, Space Angel sign 5-year spacecraft testing MoU
Inbound Aerospace said it has signed a five-year memorandum of understanding with Australia’s Space Angel Group to explore collaboration across flight and drop testing, high-altitude and near-space trials, recovery operations, spaceport infrastructure and mission planning. Effective September 2026, the MoU sets a three-year framework to assess how Space Angel’s infrastructure can support testing and demonstration of Inbound’s re-entry and lifting-body systems, with scope for joint tech development, pilots and market expansion in India and Australia.The Chennai-based, IIT Madras-incubated startup said it is developing an autonomous, unmanned, recoverable re-entry spacecraft for low-Earth-orbit missions spanning microgravity research, in-orbit tech demonstrations, in-space manufacturing and payload return, alongside precision-landing capabilities relevant to defence and disaster response. Inbound Aerospace is led by co-founders Dr Aravind I B, Vishal Reddy and Capt Abhijit Bhutey (Retd.).
Swiggy adopts Snowflake to speed data decisions and access
Snowflake announced that Swiggy is using its AI Data Cloud as a unified data foundation across food delivery, Instamart and Dineout. According to Snowflake, Swiggy’s slowest data workflows improved by 90 to 96%, heavy queries dropped from two hours to 15 minutes, and data processing moved from six hours to near real time.The companies said employees now have governed self-service access with role-based controls, column masking and row-level security, while operational teams monitor service quality metrics in real time. “At Swiggy, data is valuable only when it reaches the person who can act on it,” said Madhusudhan Rao, Chief Technology Officer, Swiggy.
Google unveils five India sustainability and clean energy initiatives
Google announced five India-focused sustainability initiatives spanning rooftop solar intelligence, clean power procurement, climate-smart agriculture and research. The company said Solar API insights now cover over 300 million Indian rooftops; it has signed a new 150 MW solar agreement in Rajasthan with ReNew Power; and it is partnering with Mitti Labs on a methane- and water-reduction project for smallholder rice farmers in Telangana.Google said Solar API, part of Earth AI, helps local platforms such as Solar Ladder and OpenSolar automate assessments and proposals. The ReNew deal will provide environmental attributes to address value-chain electricity emissions, while the Mitti Labs project aims to mitigate nearly three million tonnes of CO2e on a GWP20 basis with satellite-enabled verification. The Google Center for Climate Technology is also adding new focus areas on water stewardship and waste and circularity.
News from Global Fintech Fest
CCAvenue integrates Amazon Pay Balance for faster checkouts
AvenuesAI said its payment gateway CCAvenue has integrated Amazon Pay Balance, enabling merchants to offer customers a familiar stored-balance option at checkout. Unveiled at Global Fintech Fest 2026, the integration aims to improve payment success rates and reduce checkout abandonment across CCAvenue’s merchant network.The companies said Amazon Pay Balance has over 70 million customers and that deep-link integration supports secure transactions and higher conversions. “Our goal is to make digital transactions as intuitive, secure, and rewarding as possible,” said Neha Gupta Mahatame, Director, Stored Value and Gifting, Amazon Pay.
Xflow, HSBC launch India collections for global businesses
Xflow announced a partnership with HSBC to let global businesses collect payments from Indian customers via UPI, net banking and cards without setting up a local entity. The company said the solution converts cross-border payments into local transactions to boost conversion, with UPI and cards delivering a 95%+ success rate.Xflow said settlement is available in major currencies and that the product targets categories such as physical goods, SaaS, AI platforms, travel and edtech. The company holds final authorisation under the RBI’s Payment Aggregator Cross Border framework for exports and imports, and as a Payment Aggregator Online, has in-principle IFSCA approval to operate as a Payment Service Provider at GIFT City, and is registered in Canada as an MSB.
Mahindra Finance, Sarvam expand voice AI across operations
Mahindra & Mahindra Financial Services said it has expanded its voice AI partnership with Sarvam, extending agents across sales, collections and employee engagement. Announced at GFF 2026, the companies said voice agents built by Mahindra AI on Sarvam’s platform operate in 12 Indian languages and have completed over one crore calls.Use cases include relationship checks and cross-sell in sales, pre-due reminders through write-off-stage outreach in collections, and field feedback for employee engagement, with custom AI pipelines recording and analysing calls that feed downstream systems.
“Voice AI has allowed us to extend that closeness at scale,” said Raul Rebello, Managing Director and CEO, Mahindra Finance.
HyperVerge launches AI underwriting suite for MSME loans
HyperVerge launched an AI agents suite for business loan underwriting, designed to reduce manual work on complex MSME files to under an hour while keeping decisions with credit managers. Announced at GFF 2026, the company said pilots with about 10 mid-size lenders cut financial assessment time from two to three hours to five minutes, and turned four-hour appraisal memos around in under 10 minutes.The suite includes agents for financial data collection and checks, a video personal discussion assistant available in 10 to 12 languages, and background due diligence that links recommendations to source documents and timestamps. Pricing is usage-based. “Our AI agents automate that assembly work, pulling documents, compiling data, and running credit parameters,” said Kedar Kulkarni, CEO and Co-founder, HyperVerge.
Razorpay showcases Vulcan AI payments model to Prime Minister
Razorpay presented Vulcan, which the company described as India’s first AI payments foundation model, to Prime Minister Narendra Modi at GFF 2026 in Mumbai. The company said Vulcan is trained on nearly three trillion data points across four billion payments to improve success rates, strengthen fraud detection and streamline checkout.Razorpay said businesses including Blinkit, Bachatt and redBus are seeing an 8 to 10% improvement in payment success rates and an eightfold increase in international card fraud detection. The company added that Vulcan is built to make online transactions faster, safer and smarter for merchants and customers.
(This article will be updated with the latest news throughout the day.)