AI Cybersecurity Risks Escalate; Nykaa Sees Q4 Profit Surge

The cybersecurity landscape is evolving with the advent of AI, introducing new threats like ‘agent traps’ that manipulate autonomous AI agents. These vulnerabilities, including congestion traps, Sybil attacks, and human-in-the-loop traps, bypass traditional security measures. Enterprises are responding by enhancing governance around agent identity, access, and behavior, and implementing stricter access controls and continuous monitoring.

In financial news, beauty e-commerce platform Nykaa reported a significant surge in its fourth-quarter (Q4 FY26) consolidated net profit, which quadrupled year-on-year to INR 78.8 Cr. This growth was driven by expanding margins and a 28% rise in operating revenue to INR 2,648 Cr. For the full fiscal year FY26, Nykaa’s profit grew 182% year-on-year to INR 203.9 Cr.

Travel-focused fintech startup Scapia has raised approximately $63 million, led by General Catalyst. The funds will be used to enhance its product suite, bolster its AI capabilities, and expand its customer base. Scapia, which offers co-branded credit cards and travel booking services, has raised $135 million to date.

Travel tech platform ixigo’s consolidated net profit for Q4 FY26 increased by 91% year-on-year to INR 32.1 Cr. Operating revenue saw a 9% rise to INR 308 Cr. For the full FY26, ixigo’s profit grew 19% to INR 71.5 Cr, with operating revenue up 34% to INR 1,228 Cr.

Healthtech unicorn Innovaccer has acquired the assets of US-based revenue cycle management (RCM) provider CaduceusHealth for $66 million. This marks Innovaccer’s fifth acquisition in two years and is part of its strategy to expand its AI-led RCM services.

In regulatory news, the Haryana government has introduced new aggregator rules, prohibiting the induction of new petrol or diesel vehicles into fleets for ride-hailing and delivery platforms. This policy shift is expected to increase vehicle acquisition costs and accelerate the adoption of electric vehicles.

Startup H2LooP is developing AI tools, including specialized small language models (SLMs), aimed at simplifying the development and debugging of embedded software for industries like automotive and aerospace, tapping into the growing semiconductor and system design market.