Karnataka is taking significant steps to strengthen its position as India’s premier hub for biotechnology innovation. The state government, through its Vision Group on Biotechnology (VGBT) chaired by Biocon founder Kiran Mazumdar-Shaw, is actively developing a dedicated financing and support framework for biotechnology enterprises .
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India’s sovereign AI ambitions received a significant boost as Sarvam AI, a Bengaluru-based foundational AI startup, raised $234 million** in the first close of its Series B funding round at a post-money valuation of **$1.5 billion. The round, led by HCLTech as the lead strategic investor, marks one of the largest AI funding milestones for an Indian startup .
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In a remarkable testament to the power of early innovation, 19-year-old Indian-origin entrepreneur Pranjali Awasthi has built an AI startup valued at nearly ₹100 crore (approximately $12 million) . Her journey from learning to code at age 7 to founding a venture-backed AI company at 16 is inspiring a new wave of youth-led entrepreneurship in India’s rapidly growing tech landscape
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London-based consumer technology brand Nothing has signed strategic memoranda of understanding (MoUs) with IIT Roorkee and the Indian Institute of
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On June 15, 2026, Indian IT services major HCLTech announced a landmark strategic investment in Sarvam AI, acquiring a 10.46% stake for ₹1,427.25 crore (approximately $150 million)** . This deal is part of Sarvam AI’s larger Series B funding round, propelling the Bengaluru-based startup into the unicorn club with a **post-money valuation of $1.5 billion
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India’s startup ecosystem has achieved another significant milestone, surpassing 131 unicorns as of June 2026, with four new startups joining the coveted billion-dollar club this year alone .
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India’s instant home services sector has become the latest battlefield in the consumer internet economy, with Urban Company, Snabbit, and Pronto burning through **$14–15 million collectively in May 2026** as they aggressively discount services to capture market share. The combined monthly cash burn rose **25% month-on-month** from $10–12 million in April, even as order growth remained modest, signalling a fierce customer acquisition war.
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Prime Minister Narendra Modi, alongside French President Emmanuel Macron, has officially extended an open invitation to global innovators, investors, and entrepreneurs to co-create future technologies with India at Bharat Innovates 2026 . The three-day conclave, inaugurated on June 14 in Nice, France, brings together 120 top Indian deep-tech startups, over 15 higher education institutions, and more than 500 global investors, VCs, and industry leaders under a single roof
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As India’s digital payments ecosystem processes over 22 billion UPI transactions monthly, a parallel surge in financial fraud has forced banks, regulators, and technology firms to accelerate the deployment of AI-powered fraud detection systems. With bank frauds rising to ₹36,014 crore in FY25 from ₹12,230 crore a year earlier, artificial intelligence is emerging as the most critical tool in the country’s fight against cyber-enabled financial crime .
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Physical security AI platform Coram AI has raised $35 million in a Series B funding round**, bringing its total capital raised to **$66 million. The round was co-led by Ansa Capital and Battery Ventures, with participation from existing investors UP.Partners, 8VC, and Mosaic Ventures .
The fresh capital will be used to accelerate AI product development, expand go-to-market and customer success teams, and scale its engineering presence in Bengaluru—which the company views as a key hub for building next-generation AI technologies powering its global platform .
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