Page 9 - Start Ups

Gupshup raises $60 million to expand Conversational AI capabilities

Gupshup raised over $60 million in equity and debt funding from Globespan and EvolutionX to scale its Conversational AI platform and grow across high-potential markets

AI-first startups challenge India's $300 billion IT services giants

Venture capital pours into companies like Atomicwork and Nurix AI as autonomous agents promise to reshape enterprise workflows and force legacy players to adapt

Gaming firm MPL bets on AI to boost development cycles, write code faster

When it comes to changing the workflows or pushing minor features, the gaming company is encouraging its developers to outsource repetitive tasks to an AI agent or code editors

Inbound Aerospace raises $1 mn pre-seed round led by Speciale Invest

Space tech startup will use capital for developing autonomous reusable re-entry vehicles

Edtech firm PhysicsWallah launches AI model Aryabhata 1.0 for JEE Mains

PhysicsWallah introduces Aryabhata 1.0, a small language model aimed at supporting mathematics learning for competitive exams like JEE Mains, marking its entry into AI-driven educational tools

EduFund secures $6 million in Series A round to expand beyond metro cities

EduFund has raised $6 mn in a Series A round. The funding will support its expansion into Tier-I and Tier-II cities, with new AI tools and expanded loan offerings

Fintech firm PayU India to invest $120 mn by end of FY26, say senior exec

The credit business is expected to get an investment of $50-$60 million. PayU is considering another $60-$70 million infusion in payments infrastructure firm Mindgate Solutions

Brigade Hotel Ventures plans to launch ₹749.6 crore IPO on July 24

The offer will remain open until July 28, with anchor investor bidding set to begin a day earlier on July 23, as per the company's RHP

Byju's founders plan $2.5 billion lawsuit against investors, lenders

Education startup's creators blame financial backers for the company's collapse from $22 billion valuation to insolvency

Startup coalition builds IPO runway for 40 firms eyeing $90 bn market

Startup Policy Forum launches Centre for New-Age Public Companies to guide tech firms through IPOs as India's markets attract listings worth over $90 billion

10 years of CSC 2.0: Taking AI to villages, one CSC entrepreneur at a time

The training will be conducted under the IndiaAI Mission, which aims to equip nearly 1 million individuals with AI-related skills, Vaishnaw said

QpiAI raises $32 million from Avataar, NQM to build quantum computers

Bengaluru-based QpiAI raises $32 million to build utility-scale quantum systems as India pushes ahead in emerging technologies through public and private backing

OYO's Ritesh Agarwal invests in luxury fashion startup Culture Circle

With 1 million monthly users, Culture Circle eyes global expansion and retail growth after raising fresh funds from Ritesh Agarwal at over ₹100 crore valuation

EximPe secures in-principle nod for cross-border payment aggregator licence

EximPe gains RBI's in-principle approval for a cross-border payment aggregator licence, plans to expand 10x by FY26 and enhance services for SMEs and B2B trade in Asia

AI video platform Trupeer raises ₹25.8 crore from RTP Global, others

The funding round also saw participation from Salesforce Ventures and a consortium of over 20 CIO and CTO angel investors from Fortune 500 companies, Trupeer said

Trupeer raises $3 mn to automate video production for software teams

Backed by RTP Global and Salesforce Ventures, Trupeer uses AI to turn screen recordings into polished demos, helping teams scale content without video skills

Flipkart offers $50 million stock buyback to employees ahead of planned IPO

Walmart-owned Flipkart is offering a $50 million stock buyback to employees, signaling confidence in its upcoming IPO and promising an additional liquidity event if performance targets are met

PhonePe retained top UPI spot with 46% market share in June, shows data

PhonePe maintains its leadership on the UPI leaderboard, capturing a 46.46% market share in June, processing over 8.54 billion transactions, according to NPCI data

VinFast partners with BatX Energies for electric vehicle battery recycling

The deal marks a major step towards building a localised and sustainable battery value chain for VinFast's India operations, including its upcoming Thoothukudi factory and after-sales services

Partners Group to acquire majority stake in Infinity Fincorp for ₹1,950 cr

With assets under management of over ₹12 billion, Infinity offers loans to entrepreneurs and small business owners in India's smaller cities, supporting them in achieving their growth goals