Startup news and updates: daily roundup (August 4, 2026)

YourStory brings you today’s headlines with the latest developments across sectors. Featured stories Former Swiggy, Zomato executives launch AI startup Profound; raise $1.5M Former Swiggy and Zomato executives Anuj Rathi and Prashant Parashar have launched Profound, a Bengaluru-based artificial intelligence startup, and raised $1.5 million in seed funding. The round saw participation from Swiggy CEO Sriharsha Majety, Swiggy co-founder Nandan Reddy, former Zomato co-founder Pankaj Chaddah, Razorp