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Mirae Asset Venture Investments marks first close of new fund at Rs 1,125 crore

Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

In today's edition, we write on Ashneer Grover's third attempt at Third Unicorn in three years; and why investors are betting on India's AI-native travel startups...

Emergent raises Series C funding round led by Creaegis at unicorn valuation

The funding round saw participation from Claypond, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.

Sarvam AI enters unicorn club with $234 million funding led by HCLTech

Venture capital firm Bessemer Venture Partners joined the cap table as a new investor, while existing backers Khosla Ventures and Peak XV Partners also participated in the funding round.

Skyroot Aerospace becomes India’s first spacetech unicorn after $60 million fundraise

The funding round was co-led by Sherpalo Ventures and Singapore's sovereign wealth fund GIC.

KRAFTON, Naver partner with Mirae Asset to launch Rs 6,000 cr India growth tech fund

Beyond capital, the fund aims to offer portfolio companies strategic guidance and domain expertise from KRAFTON's gaming and platform experience and Naver's product and AI capabilities.

Nava raises $22 million funding led by Greenoaks Capital

The funding round also saw participation from RTP Global and Unicorn India Ventures.

KreditBee enters unicorn club with $280 million Series E funding

The funding round was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds.

Spacetech startup SatLeo Labs bags seed funding led by Unicorn India Ventures

The funding round saw participation from Merak Ventures, Java Capital, IIMA-CIIE, and investor Manish Gandhi.

Vervesemi raises $10 million in Series A funding

The funding round saw participation from Roots Ventures, Caperize Fina, and MAIQ Growth Scheme.

Neysa becomes unicorn in new round led by Blackstone

The capital will be used to scale-up and deploy over 20,000 GPUs in India by Neysa.

Marine robotics startup EyeROV secures pre-Series A funding

Open FY25 revenue almost doubles to Rs 46 crore, net loss at over Rs 100 crore

Total expenses of the startup fell 18% to Rs 160 crore in the last financial year from Rs 195 crore in FY24.

Tide raises $120 million led by TPG, turns unicorn

It intends to use a portion of the capital to advance its investment into agentic artificial intelligence (AI) capabilities.

Pelocal bags $5 million in Series A funding

The Noida-based startup will use the fresh capital to boost its existing use cases, accelerate product development and push its go-to-market strategy.

AI unicorn Fractal Analytics files draft papers for IPO

The IPO comprises of fresh issue of shares worth Rs 1,279 crore and an offer for sale (OFS) of Rs 3,620.7 crore by existing shareholders.

Fintech infra firm OneStack raises $2 million in Series A

The round was led by Pentathlon Ventures, with participation from Yatra Angel Network and from existing investors 100Unicorns and Venture Catalysts.

Cross-border payments startup Dodo Payments raises $1.1 million in pre-seed funding

The round was led by Antler, 9Unicorns, and Venture Catalysts, with participation from several angel investors.