Mumbai-based Fundly.ai has raised $4.9 million from Accel and Multiply Ventures in an undisclosed round as the fintech startup builds AI-driven financial products for Indian consumers and small businesses.
Bengaluru-based QNu Labs has raised Rs 200 crore ($20.93 million) in a Series A1 round led by India's National Quantum Mission and Speciale Invest, with Sony Innovation Fund and Gaja Capital also participating, to scale quantum-safe cybersecurity technology.
Jaipur Robotics has raised Rs 47.2 crore ($4.94 million) in a seed round led by EquityPitcher Ventures and Germany's High-Tech Gründerfonds to scale its computer-vision systems that monitor waste in industrial plants.
Bengaluru foodtech startup Swish has raised $24 million led by Bertelsmann India Investments, with Accel, Bain Capital Ventures and Hara Global also participating, to expand its network of hyperlocal cook-and-deliver kitchens.
India's primary market stayed active this week as Manika Plastech opened its Rs 125.50 crore IPO to a 30% grey market premium and Steamhouse India's issue was subscribed 8.36 times by the third day, part of a packed calendar of mainboard and SME listings.
HerSpace Manufacturing, which builds low-cost employee accommodation, has raised $40 million from Gray Matters Capital, part of a strong week for Indian startup funding that also included spacetech, restaurant and women's wellness deals.
Indian quantum computing startup QClairvoyance Quantum Labs has signed a memorandum of understanding with IITM C-DOT Samgnya Technologies Foundation, India's National Hub for Quantum Communication under the National Quantum Mission.
Optical-interconnect startup Ayar Labs has raised a further $150 million, pushing its 2026 primary funding total to roughly $650 million, while establishing a new design centre in Bengaluru as it moves toward high-volume production of light-based chip-to-chip links.
Bengaluru-based hyperspectral satellite company Pixxel has raised $100 million in a Series C round co-led by Temasek and Seraphim, taking total funding to $195 million and cementing its position as India's best-capitalised private space technology company.
The NSA, CISA and FBI issued a joint advisory alleging that DeepSeek, Moonshot AI, Alibaba, MiniMax, StepFun and Z.AI have run aggressive distillation efforts against US frontier AI models since late 2024, extracting billions of tokens across millions of exchanges.