Startup Spotlights

In a significant move that highlights the growing convergence of traditional industry and cutting-edge technology, Blinkit-AI, a New Delhi-based artificial intelligence startup, has secured $1.2 million in a seed funding round. The investment was made by Foliflex Cables (India) Pvt. Ltd., a strategic backer from the manufacturing sector, signaling a strong belief in the transformative power of AI across all industries.

In a landmark event for India’s startup and real estate ecosystems, WeWork India has officially filed its draft red herring prospectus (DRHP) for a ₹3,000 crore Initial Public Offering (IPO). The offering, structured entirely as an Offer for Sale (OFS), is tentatively scheduled for a listing around October 10, marking a significant step for the once-beleaguered global brand’s profitable Indian subsidiary.

The defense technology sector has just witnessed a significant boost with the announcement that Unmannd, a startup specializing in advanced unmanned aerial systems, has secured $2 million in seed funding. This investment will accelerate the development and deployment of the company’s specialized drone technology tailored for defense and security applications.

In a clear signal of its global ambitions, Anthropic, the San Francisco-based AI safety and research company, has announced an aggressive international expansion plan that includes tripling its global headcount to over 3,000 employees by 2025. This massive scaling effort, fueled by its recent $13 billion funding round at a staggering $183 billion valuation, marks a new chapter in the global AI race, with India positioned as a critical strategic hub.

In a significant boost for India’s food-tech and SaaS ecosystem, Petpooja, a leading restaurant management platform, has successfully raised $15.4 million in a new funding round. The investment was led by Dharana Capital, with participation from existing investors.