Browsing: Funding News

Fundamento, an agentic AI platform for financial services, has raised $1.9 million (about Rs 16 crore) in pre-Series A funding round led by IIFL Fintech Fund. The round also witnessed participation from The Players Fund (backed by KL Rahul and Ben Stokes), Venture Catalysts, Lead Invest, Epic Angels, and other angel investors.

Graph AI aims to modernise how drugmakers detect and report adverse drug events, an area heavily dependent on manual, labour-intensive processes.

Genovation Solutions secures pre-seed funding to power the sub-continents first cost effective next-Gen Privacy First AI Platform

FarmDidi, a D2C pickle brand that empowers rural women entrepreneurs, has raised over Rs 7 crore in a seed funding round led by Samved Ventures. The round also saw participation from LetsVenture, Indigram Labs, IIM Calcutta Innovation Park, and angel investors from IIM Calcutta and Symbiosis.

Belong, a fintech platform dedicated to Non-Resident Indians (NRIs), has raised $5 million in seed funding led by Elevation Capital. The startup plans to expand its product offerings and operations, starting from the UAE and moving into markets like Saudi Arabia, Qatar, the UK, and the US. Leveraging GIFT City’s regulatory framework, Belong aims to simplify cross-border banking and investment for NRIs with products such as US dollar-denominated fixed deposits, equity, insurance, and international cards.

The funds raised from the consumer-focussed fund will be used for scaling up and expanding farm operations across India, as well as accelerating its technology rollouts. This takes the total amount of funds raised by the agritech startup to around $15 million since its inception. Eeki’s technology enables the farm’s climate to be controlled, allowing vegetables to be grown all year without being affected by seasonal variations.

Regtech startup Zango AI has raised $4.8 million in a round led by Nexus Venture Partners to expand teams in Bengaluru and London and develop AI-native compliance tools. Founded in 2024, Zango uses regulation-specific LLMs to automate compliance tasks, serving clients like Novobanco, Monzo, and Juni.

Nandan Nilekani’s Fundamentum, Elevation Capital and Peak XV Partner also participated in the funding for the parent company of the devotional platform, Sri Mandir. The funds will be used to invest in over 20 temple towns in India, strengthen services and commerce verticals, and set up fulfilment and logistics hubs.

The fresh funds will be used to scale and develop its AI agent workforce across global life sciences enterprises, build its engineering team, and integrate with some legacy platforms within the life sciences segment. The Boston-based startup uses AI agents to automate and raise the level of efficiency of scientific knowledge work within highly regulated industries.

Existing investors, including stock market investor Amal Parikh, Think Investments, and other family offices, participated. With this, the company has raised a total of $145 million to date. Per founder and CEO Vivek Mishra, the fresh capital will be used for improving its R&D strengths and expanding its manufacturing facility.