Funding News

AI Disruption & India’s IT Services Reset

India’s $300-billion IT services industry, built over three decades on the bedrock of labour cost arbitrage, is facing a defining test. As AI rapidly automates routine coding, testing, and maintenance, the traditional model is splintering. For thousands of freshers and junior engineers, the entry-level jobs that were once the bedrock of the sector are among the most exposed.

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Solinas Integrity Raises $5.5 Million to Fix India’s Invisible Infrastructure Crisis

Deep beneath India’s cities—hidden from view, rarely discussed, and often lethal—lies the country’s most neglected infrastructure: the underground networks of water pipes and sewers that keep urban life functioning. Solinas Integrity, an IIT Madras-incubated robotics startup, has raised $5.5 million in a Series A1 round to bring robotics and artificial intelligence to this invisible crisis .

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The Customer Is King—And Karnataka’s Government Just Became One

In the high-stakes world of startups, one challenge looms larger than funding, talent, or even product-market fit: finding the first customer. For deep-tech ventures building one-of-a-kind technologies, the barrier is even steeper—conventional government tenders require prior experience, established turnover, and competitor benchmarks that simply do not exist for novel innovations.

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Ex-Swiggy and Zomato Leaders Launch Profound with $1.5 Million

In a world where talent is abundant but meaningful connections are scarce, two of India’s most experienced product and technology leaders are building a solution. Former Swiggy executive Anuj Rathi and former Zomato CTO Prashant Parashar have launched Profound, an AI-native platform that gives every professional their own AI representative. The company has raised $1.5 million in seed funding from a stellar roster of technology founders and institutional investors, and opened early access to its first cohort.

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Mitti Labs Raises $9.5 Million to Transform Rice Farming with AI and Satellite Technology

In a significant boost for climate-tech innovation in India, Bengaluru and New York-based deep-tech startup Mitti Labs has raised $9.5 million in a Series A funding round led by Aramco Ventures, the venture capital arm of Saudi Aramco. The round also saw participation from existing backer Lightspeed India, alongside new investors including Godrej Industries Group, Cisco Foundation, Francis Family Fund, and Volta Circle.

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