June 2026 - Page 4 of 8

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AI Becomes a Major Weapon Against India’s Financial Fraud Crisis

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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Coram AI Raises $35 Million Series B to Modernize Physical Security with Autonomous Agents

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 .

SatSure Receives ₹24.6 Crore Grant for AI-Powered Earth Observation

Bengaluru-based spacetech startup SatSure Analytics has secured a ₹24.6 crore ($2.57 million) grant from India’s space regulator IN-SPACe under its Technology Adoption Fund (TAF) scheme . The funding will support the development of Dhaarini, a Large Earth Observation Model (LOM) designed to serve as India’s foundational AI platform for remote sensing applications .

Zepto Plans IPO Worth Up to $837 Million! Quick Commerce Unicorn Targets July Debut

Quick commerce unicorn Zepto is preparing for one of India’s most anticipated startup IPOs, with plans to raise up to $837 million (approximately ₹8,010 crore) through a fresh issue of shares, according to its updated draft red herring prospectus (UDRHP) filed with SEBI

Karnataka Shortlists 256 Deeptech Startup Finalists in ELEVATE NxT 2026!

The Karnataka government has successfully concluded its flagship ELEVATE NxT 2026 deeptech startup support programme, drawing an overwhelming response from innovators across the country. The department received applications from nearly 1,000 startups, of which 256 deeptech startups have been shortlisted as finalists .

GIFT City Launches Second Fintech Residential Programme!

Gujarat International Finance Tec-City (GIFT City) has officially launched the second cohort of its Fintech Residential Programme, designed to support early-stage startups developing next-generation financial technology solutions .

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Ethereal Machines Raises $28.5 Million Series B to Build India’s Largest Precision Manufacturing Facility

Bengaluru-based deeptech startup Ethereal Machines has raised $28.5 million (approximately ₹272 crore)** in a Series B funding round led by **Avataar Ventures**, with participation from existing investor **Peak XV Partners** and others . The round brings Ethereal’s total funding to nearly **$50 million, having previously raised $13 million in Series A and $7.3 million in seed funding from Peak XV’s Surge programme

Rivvun AI Secures $7.55 Million to Build Autonomous AI Execution Layer for Enterprise Finance

Enterprise AI startup Rivvun AI has raised $7.55 million in an oversubscribed seed funding round co-led by Sitara Capital and 3one4 Capital, with participation from strategic angels and family offices . The Seattle and Pune-based company is building an autonomous AI execution layer that sits between commercial agreements and financial settlement systems, helping Fortune 1000 enterprises recover revenue and spending that leaks through operational gaps

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4baseCare Raises ₹128 Crore to Expand Globally

Precision oncology startup 4baseCare has raised a total of ₹128 crore (approximately $15 million) in a Series B funding round, including a fresh ₹38 crore top-up co-led by growX Ventures and Infosys, with participation from existing investors .

The Bengaluru-based startup had earlier closed the first tranche of its Series B at ₹90 crore, led by Ashish Kacholia, Lashit Sanghvi, and existing backer Yali Capital . The company has now cumulatively raised over $18.8 million to date.

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PhonePe Launches AI-Powered SmartPages for Merchants

Fintech major PhonePe has introduced SmartPages, an AI-driven tool that enables businesses to create professional payment and checkout pages within minutes — without any coding or design expertise . Integrated into PhonePe’s Payment Gateway (PG) platform, the feature is designed to help merchants, particularly small and independent sellers, accelerate their digital transformation journey .