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 .
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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
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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 .
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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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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
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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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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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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 .
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India has solidified its position as the most active fintech market in Asia, securing more than one-third of all fintech deals in the region during the first quarter of 2026 . With 54 deals and a 35% share of total activity, India maintained its dominance, up from 46 deals and a 28% share in Q1 2025—a 17% rise in volume that also translated into a notable gain in its proportional standing .
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Fintech platform WeRize has secured $7 million in a pre-Series C funding round** led by **Sony Innovation Fund**, with participation from existing investor **3one4 Capital** . This marks the first external capital the Bengaluru-based startup has raised since its 2022 Series B round, bringing its total equity funding past **$28 million .
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