Startup & Tech Daily Digest: 12 Aug

Lane has secured Rs 8.5 crore in a pre-seed funding round led by Kae Capital. The platform focuses on tech-enabled driving education, providing users with structured lessons and comprehensive licensing support to modernize mobility training.

August AI, an emerging health companion startup, is currently in advanced discussions to raise $4 million in funding. The round is reportedly being led by Peak XV Partners, signaling strong investor interest in the intersection of artificial intelligence and personal wellness.

Deep-tech firm Quarkitech has raised Rs 2 crore in pre-seed funding alongside a Rs 1.5 crore grant. Backed by Artha Access and Finvolve, the company specializes in quantum-inspired algorithmic solvers and simulation technology for complex data compression.

Lifestyle and accessories brand DailyObjects has announced an ambitious growth roadmap, setting a revenue target of ₹400 crore by the end of FY27. This milestone reflects the company's strategy to scale its footprint in the competitive consumer goods market.

In a notable legal development, the John F. Kennedy Center for the Performing Arts has been ordered to pay $250,000 in legal fees. The ruling follows a dispute with a musician who canceled a performance due to the venue's decision to incorporate President Donald Trump’s name.