From India’s Polymarket-like platform Probo facing ED probe to HUL naming Priya Nair as CEO-MD with effect from August 1, YourStory brings today’s headlines that highlight significant developments across industries.
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Bootstrapped & self-sustaining: How Aarthi Scans & Labs has scaled without external capital
Chennai-based Aarthi Scans & Labs has built a fairly large diagnostics network in the country—with over 70 diagnostic centres and 30 collection centres in 10 cities, a topline of Rs 325 crore, and an EBITDA of 30%.
The glaring gap in healthcare infrastructure—particularly access to advanced diagnostic imaging—in the small towns of Tamil Nadu perturbed V. Govindarajan, Founder & MD at Aarthi Scans & Labs so much that he decided to do something about this.
However, it took him nearly 15 years to set up his first diagnostics centre in Tirunelveli.
“Though my hometown is Kovilpatti, I started the first diagnostics centre in Tirunelveli. That was a ₹5-crore investment. It went well,” says Govindarajan.
The first centre of Aarthi Scans and Labs, named after Govindarajan’s daughter, attracted people in droves as they were in dire need of diagnostic services such as X-rays, blood tests, and MRIs.
Robinhood wants to give EU a token of US markets; regulatory bodies, OpenAI not happy
Robinhood, the US-based financial services company, introduced stock tokens that would allow retail investors in Europe to get a slice of the price movements of both public and private companies in the US.
According to Robinhood CEO Vlad Tenev, the company distributed $1 million worth of OpenAI tokens and $500,000 worth of SpaceX tokens as part of a giveaway after the announcement.
These tokens are derivatives, and not actual shares or equity. In other words, anyone buying these tokens will not have actual skin in the game. While the value of these tokens is tied to the performance of the stock or the company, Robinhood said it holds the underlying securities in custody in the United States.
Gamifying engagement: How WNNR is giving brands control over data in post-cookie world
Founded by Trigam Mukherjee and Trilokjit Sengupta, WNNR is a gamified data intelligence platform that looks to transform simple user interactions into rich, actionable customer insights.
WNNR tackles the limitations of both social media and traditional adtech by moving beyond impressions and click-through rates. Instead, it rewards users for engaging—reading, sharing, and answering questions—offering brands ethical, consent-driven first-party data in return.
Siemens Healthineers India GCC deepens its deeptech partnership with Indian startups
Global medtech company Siemens Healthineers is actively partnering with Indian deeptech startups to deliver advanced healthcare solutions, and sees this collaboration only strengthening going forward.
Bengaluru is one of the four global innovation hubs for Siemens Healthineers, with its Bengaluru global capability centre (GCC) equipped with competencies in areas such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity.
In addition, Siemens Healthineers is also actively partnering with deeptech startups in India, especially those from the healthcare sector. This collaboration is largely thriving on the growing convergence between medtech and emerging technologies like GenAI, digital twins, robotics, sensors, and immersive technologies.
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Peak XV-backed Probo, India’s Polymarket-like platform, faces ED probe
The Enforcement Directorate (ED) has conducted search operations at four premises in Gurugram and Jind in Haryana connected to Probo Media Technologies Pvt Ltd and its promoters, Sachin Subhaschandra Gupta and Ashish Garg.
The searches, carried out on July 8 and 9 under the Prevention of Money Laundering Act, 2002, are linked to allegations of illegal gambling and betting activities conducted across India through the Probo platform.
Probo operates a mobile app and website that facilitates what it calls “opinion trading”—a form of real-time prediction market where users can trade on the outcome of events across domains, such as sports, current affairs, and entertainment. The model bears similarities to international platforms like Polymarket, which allow users to speculate on future outcomes.
Prajakta Koli is only Indian to feature on TIME100 Creators List
Content creator, actor, author, and climate change champion Prajakta Koli of Mostly Sane fame is the only India-born creator to be featured in the inaugural 2025 TIME100 Creators List. She joins other popular creators in this prestigious list, including Jimmy Donaldson (Mr Beast), Khabane Lame, Kai Cenat, Mel Robbins, and others.
Well-known by her online moniker, Mostly Sane, Koli has over 7 million YouTube subscribers and 8 million followers on Instagram. Her Netflix web series Mismatched has had a good run of three seasons so far and has been renewed for another season.
Awfis expands into furniture business to boost margins, revenue
Awfis Space Solutions Ltd is entering into the furniture and furnishings business as part of a strategic push to improve cost efficiency and tap into a new revenue stream.
The coworking space provider said it will begin manufacturing, trading, and selling office furniture and furnishings to support its core operations. The new vertical will also allow Awfis to serve external clients by offering complete workspace setup solutions.
Other news
Jupiter Money appoints Akhilesh Jha as senior VP to spearhead banking and partnerships
Fintech startup Jupiter Money has appointed Akhilesh Jha as the senior vice president of banking and partnerships.
In this role, Jha will strengthen the company’s mission to deliver intuitive and customer-first banking solutions. The company continues to broaden its product offerings across savings, credit and payments with its partners, driven by a vision to simplify money management for digital-first Indians, and Jha will lead this aspect for the company.
Jha brings with him more than two decades of banking experience. He most recently served as the head of retail banking portfolio at DBS Bank. His deep expertise across retail banking, strategic partnerships and digital innovation positions him uniquely to accelerate Jupiter Money’s growth in a rapidly evolving financial services landscape.
Flipkart launches Leap Ahead 4.0 for AI-native trailblazers
Flipkart Ventures, the investment arm of Flipkart, has launched the fourth edition of its flagship accelerator programme, Flipkart Leap Ahead, supporting bold founders in their ‘zero to one’ journey. With a growing portfolio of over 20 early-stage startups across fintech, SaaS, enterprise AI, and logistics, the programme supports early-stage AI-native startups building for India.
This year’s cohort will focus on startups innovating at the intersection of tech and emerging fields such as generative and agentic AI, drone-tech, and quick commerce enablement, technologies poised to reshape industries and accelerate the next wave of India’s innovation.
Selected startups, ranging from pre-seed to Series A stage funding, will receive equity investments of up to $500,000, alongside a high-impact mentorship programme. The curriculum provides founders with domain expertise across product, design, go-to-market, and fundraising strategies.
CynLr brings Object Intelligence & Vision of Universal Factories to UN AI for Good Summit 2025
CynLr, a foundational technology building company in Robotics and AI, is joining the United Nations AI for Good Global Summit 2025 to share its pioneering work in Object Intelligence, the technology stack that enables visual robots to intuitively learn to pick and handle even unknown objects without prior training, much like how human babies explore and manipulate objects.
CyRo is designed to handle unfamiliar objects and changing environments without needing to be pre-programmed for each new task.
Organised by the International Telecommunication Union, AI for Good is the United Nations’ flagship
platform exploring how artificial intelligence can help address global challenges such as sustainability,
health, and industrial resilience.
Blue Tokai partners with Ambrosia Gulf to expand footprint in GCC market
Speciality coffee brand, Blue Tokai Coffee Roasters, has entered into a partnership with Ambrosia Gulf, which will serve as the master franchisee for the GCC region, beginning with a flagship launch in the United Arab Emirates.
Blue Tokai has over 175 cafés across India and an international presence including cafés and a roastery in Tokyo, Japan. This partnership marks Blue Tokai’s official entry into the Middle East. The brand will bring its signature farm-to-cup coffee experience to a new and discerning audience across the Gulf.
Ambrosia Gulf is part of the broader Ambrosia Foods Group, which is backed by Pulsar Capital—a mid-market investment firm with a broad geographic footprint across India, the Middle East, and other emerging markets. Pulsar Capital focuses on building scalable, high-quality businesses through hands-on strategic and operational support.
ACT announces Rs 1.43 Cr in grant funding for 5 tech-first impact ideas
ACT, a venture philanthropy platform backing tech-led social impact, has announced Rs 1.43 crore in grant funding to five idea-stage startups. The pilot initiative aims to bridge the early-stage funding gap that social innovators in India often face, where traditional funders seek ready-to-deploy solutions and VCs prefer market-tested ideas.
The selected startups are:
Sakshm AI: Offers personalised AI-driven skilling for graduates from Tier II and III cities
V-All – A gamified civic action platform for volunteering
RenewCred – India’s first fully digital carbon credit registry
The Barabari Collective – A hybrid platform offering tech skills and freelance opportunities to underserved youth
Supernan – A platform training and connecting certified nannies with families
The funding will help these teams build, test, and iterate on their solutions for scalable social impact.
Zomato partners with Tata Digital
has partnered with Tata Digital to launch an exclusive cashback offer for Tata Neu HDFC Bank Credit Card (NeuCard) users. As part of this collaboration, NeuCard holders will now get up to 10% cashback in Zomato Money on all food delivery orders above Rs 99 when the payment is made via NeuCard on Zomato.
These cashback rewards can be used on future orders, encouraging more frequent and cost-effective indulgences. Plus, users continue to earn NeuCoins that can be redeemed across the Tata Neu ecosystem, adding even more value.
This partnership is a strategic step towards enhancing the digital food and payments experience for millions of consumers across India.
Edited by Swetha Kannan
