Former Twitter CEO Parag Agrawal has unveiled his highly anticipated AI venture, Parallel Web Systems, securing $50M in seed funding from Andreessen Horowitz (a16z) and Peak XV. The startup is developing cognitive AI agents capable of executing complex web tasks with human-like reasoning—potentially redefining how businesses and consumers interact with the digital world.
In a powerful endorsement of India’s technological ascent, Sam Altman, the CEO of OpenAI and a leading global voice in artificial intelligence, has singled out India for extraordinary praise. During a recent address, Altman declared India a “standout AI society” and announced plans for a visit to the country.
This isn’t just a casual compliment from a tech celebrity. For the mind behind ChatGPT and a pivotal figure in the AI revolution to recognize India’s unique position is a significant moment. It validates the immense work being done by Indian developers, entrepreneurs, policymakers, and researchers in the field of artificial intelligence.
India’s SaaS 2.0 revolution is a story of maturation, ambition, and strategic focus. By targeting the high-stakes, high-value Sales Enablement vertical, Indian founders are moving up the value chain.
They are no longer just providing utility; they are providing intelligence. They are no longer just supporting functions; they are powering the core revenue-generating engine of businesses worldwide. Sales Enablement is more than a vertical; it’s a testament to India’s evolving SaaS landscape—one that is smarter, more specialized, and ready to create the next generation of global champions
Bangalore/Singapore, August 2025 – Indian HR tech unicorn Darwinbox has reinforced its global growth ambitions with a $40M investment from TVG Capital, marking a pivotal step in the company’s journey to integrate agentic AI capabilities into enterprise HR solutions. This funding round elevates Darwinbox’s valuation and signals growing investor confidence in AI-driven workforce management solutions
Mumbai/Bangalore, August 2025 – India’s startup ecosystem showcased robust momentum with $340.55 million raised across 29 deals this week, signaling strong investor confidence despite global macroeconomic headwinds. The spread reflects deepening sector diversification beyond traditional tech hubs, with startups in fintech, healthtech, edtech, and sustainability gaining notable traction. Investors continue to demonstrate a keen interest
Indian Startup Funding Pulse: $340.55M Raised in 29 Deals (Aug 11–16, 2025) Read More »
