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The Mumbai-based startup will deploy the fresh capital to expand its engineering team, among others.
The AJVC investment is part of Novastar's broader private-markets strategy that combines fund investments with selective direct bets on private companies.
The funding round also saw participation from angel investors Afsar Ahmad, Jani Pasha, and Arpit Dave.
The funding round also saw participation from a group of angel investors.
The startup will use fresh capital to boost product development, strengthen the platform’s AI capabilities, and expand its user base in the country.
Investments in building data centres is on the rise in the country as AI adoption begins to scale quickly.
Reliance Intelligence and Facebook have jointly committed an initial investment of Rs 855 crore in the JV.
