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Anveshan Secures ₹150 Crore to Build India’s First ₹1,000 Crore Clean-Label Food Brand

Indian clean-label food brand Anveshan has raised ₹150 crore ($15.7 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India, with participation from the International Finance Corporation (IFC)—a member of the World Bank Group—Swiggy co-founder Sriharsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital, Force Ventures, and boAt founders Aman Gupta and Sameer Mehta.

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LIC Explores Fintech Entry to Accelerate Digital Transformation

Insurance behemoth Life Insurance Corporation of India (LIC) is actively considering a strategic foray into the fintech space as part of its broader digital transformation push, Chairman and CEO R. Doraiswamy announced on May 31, 2026 .

The state-owned insurer, which manages assets worth over ₹59 lakh crore and holds a dominant 60% market share despite competition from 25+ private players, is evaluating two distinct paths: establishing its own fintech arm organically or making strategic investments in existing fintech startups .

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Fairdeal.Market Secures $15M to Build India’s First B2B Quick Commerce Network for Kiranas

Gurugram-based B2B quick commerce startup Fairdeal.Market has raised $15 million (approximately ₹143 crore) in a Series A funding round led by Bertelsmann India Investments (BII), with participation from WaterBridge Ventures and Incubate Asia Fund .

The startup, founded in 2022 by brothers Prateek and Yash Bansal, is building India’s first B2B quick commerce platform specifically designed for the country’s 13 million kirana stores . The fresh capital will be deployed to scale dark-store operations, strengthen technology infrastructure, and accelerate expansion into new metropolitan markets .

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Indian AI Startups See Record Q1 Funding, Cementing Global Leadership

India’s artificial intelligence startup ecosystem has achieved a historic milestone, with domestic AI companies collectively raising approximately $4.96 billion (around ₹32,900 crore) across hundreds of deals during the first quarter of 2026. This surge represents a 73% year-on-year increase in AI-focused funding, catapulting the sector to the third most-funded category in India’s startup landscape, trailing only e-commerce and fintech.

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Travel Fintech Startup Scapia Raises $63M Led by General Catalyst, Valuation Crosses $500M

Bengaluru-based travel fintech startup Scapia has raised $63 million in a Series C funding round led by global investment firm General Catalyst, with participation from existing investors Peak XV Partners and Z47 . The all-equity round values the company at over $500 million, more than doubling its valuation from approximately $200 million in April 2025 . This brings Scapia’s total raised to $135 million since its founding in 2022 .

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