Former Infosys CEO Vishal Sikka has launched his new AI venture Hang Ten Systems, securing $32 million in seed funding to help large enterprises navigate the AI transformation . The round was led by Mayfield, with strategic participation from Aramco Ventures and a group of angel investors . Yahoo co-founder Jerry Yang has also joined the company’s board .
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The Indian startup ecosystem witnessed a strong week of investor confidence, with 23 startups collectively raising nearly $432 million** across growth-stage and early-stage rounds . The surge was driven largely by a single blockbuster deal—**Sarvam AI’s $234 million Series B round—which accounted for over 60% of the total weekly funding
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The Indian startup ecosystem has just witnessed one of its most significant weeks, with total funding crossing $403 million** across 20 deals . At the heart of this surge lies a landmark moment for India’s AI ambitions—Bengaluru-based **Sarvam AI** securing **$234 million in the first close of its Series B round, propelling the full-stack sovereign AI company into the unicorn club with a post-money valuation of $1.5 billion
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French beauty giant L’Oréal has signed an agreement to acquire a majority stake in Innovist, a leading Indian digital-first personal care company, in a deal that marks the largest acquisition of a direct-to-consumer (D2C) beauty brand in the country .
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In a significant milestone for India’s private space sector, SatSure Analytics India has been awarded a ₹24.6 crore (~$2.57 million) grant by India’s space regulator to develop advanced AI-driven Earth observation models. The Bengaluru-based spacetech startup is among the first three non-governmental entities to receive funding under IN-SPACe’s Technology Adoption Fund (TAF) scheme, alongside Astrobase Space Technologies and TM2SPACE Technologies
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AI startup Pramaana Labs has raised $27 million in a seed funding round led by Khosla Ventures, with participation from Accel, BoldCap, Nexus Venture Partners, Premji Invest, and Unbound . The funding marks a significant milestone for the Palo Alto-based startup, which is building a “verification layer” for AI systems targeting high-stakes regulated industries.
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India is rapidly emerging as a global powerhouse for generative AI, with the ecosystem’s growing maturity now matched by serious financial validation. The recent news of Sarvam AI achieving unicorn status—valued at $1.5 billion after securing $234 million in its Series B round—marks a pivotal moment, signaling that India’s AI ambitions are moving from promise to proven performance .
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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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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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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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