On 1st August, AI startup Bhindi.io raised $4 million in pre-seed funding to expand its agentic platform. Google proposed allowing all real-money games on the Play Store under legal self-declaration, and UPI hit a new high with 19.47 billion transactions in July. Here’s a quick look at the key funding deals and business news highlights from the day.
Daily Indian Startup Funding Digest – 1 August 2025
| Company | Round | Amount Raised | Lead Investor | Use of Funds |
|---|---|---|---|---|
| Bhindi.io | Pre‑seed | $4 million | Cyber Fund | Product development, global GTM, scaling |
Bhindi.io Raises $4 Million in Pre‑Seed Round
Bhindi.io, an early-stage agentic AI startup, has raised US $4 million in a pre-seed funding round led by Cyber Fund. The platform, founded by Sowmay Jain in 2025, enables users to deploy and operate over 300 autonomous AI agents capable of performing complex tasks across domains such as software development, crypto portfolio tracking, research, marketing, and more. These agents are designed to execute user intents with minimal manual input, aiming to eliminate prompt fatigue often associated with traditional AI tools.
The funding will be utilised to accelerate product development, scale operations, and support global go-to-market initiatives. Cyber Fund, the lead investor, had previously backed the founder’s earlier venture, Fluid, a decentralised finance protocol.
Key News Highlights from 1 August 2025
UPI Sets All‑Time High with 19.47 Billion Transactions in July
India’s Unified Payments Interface (UPI) processed a record 19.47 billion transactions in July 2025, valued at INR 25.08 lakh crore, representing a 5.8% increase in volume and a 4.3% growth in value over June. Daily transactions rose to 628 million, up from 613 million in June. Compared to July 2024, year‑on‑year growth stood at +35% by volume and +22% by value.
Delhivery Q1 FY26 Profit Surges 68.5% YoY to INR 91 Crore
Logistics provider Delhivery delivered a significant turnaround in Q1 FY26 (quarter ending June 2025), posting a net profit of INR 91 crore, a 68.5% year‑on‑year increase. The result was driven by operational efficiency gains and a stable revenue base. This strong performance sets the company up favourably for the upcoming festive season.
Enforcement Directorate Summons Anil Ambani in Latest Probes
Anil Ambani has been summoned by the Enforcement Directorate (ED) to appear on 5 August 2025 in connection with two financial probes. The first involves an INR 17,000 crore loan fraud case related to Yes Bank funding of Reliance Group companies. The second centres on a INR 68.2 crore fake bank guarantee, allegedly submitted to the Solar Energy Corporation of India using forged documents and a cloned email domain resembling SBI. The ED is investigating the involvement of shell entities and encrypted messaging platforms used to conceal the transactions.
Google Proposes to Allow Real‑Money Games on Play Store
Google has formally proposed to the Competition Commission of India (CCI) that all skill‑based real‑money gaming (RMG) apps be permitted on Google Play in India, provided they are self‑declared as lawful under Indian law and jurisprudence. This commitment aims to address the CCI’s antitrust concerns, particularly regarding prior exclusion of non‑rummy and non‑FSR games from its platform. If approved, compliant RMG developers can expect access to the Play Store within 120 days, with associated advertising policy changes rolled out in 150 days.
Apple iPhone Sales in India Hit Quarterly High
During Q3 of fiscal 2025 (April–June), Apple reported global iPhone revenue of approximately $44.6 billion, up nearly 13–13.5% year-on-year. The company attributed part of the surge to customers purchasing ahead of expected tariff hikes. Apple CEO Tim Cook highlighted record quarterly revenue in India across smartphones, Macs, and services. Industry data also notes that the iPhone 16 became the best-selling device in India for the period, contributing to a full‑year record in wholesale smartphone value in the country.
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