The Mumbai-based company behind the Miko companion robot has launched a family of perception, action and safety models for robots, and is finalising a ₹300 crore round that would take total funding to $100 million.
Naukri's parent grew standalone billings 12.8% year on year to ₹822.3 crore, led by a 21.2% jump at 99acres, while education portal Shiksha fell 27.2% as AI-driven search cut traffic.
Alphabet's self-driving unit has raised its first debt, a $5 billion loan arranged by Goldman Sachs, months after a $16 billion equity round valued it at $126 billion.
OpenAI told investors its annualised revenue is approaching $50 billion, according to the Financial Times, well below the $70 billion reported last month — a gap rooted in how AI companies count revenue.
Conversion Capital led the round, joined by lenders Pennymac and New American Funding, Citi Ventures and a16z, as Vesta's revenue grew 12-fold and its platform now supports more than $100 billion in annual loans.
The Reserve Bank of India lifted its policy rate to 5.50% on 7 October and moved to a “calibrated tightening” stance, signalling that rate cuts are off the table as inflation broadens and the rupee weakens.
Indian startups raised $2.2 billion in July–September, but money moved towards Series A and B rounds while large late-stage cheques thinned out, Inc42 data shows, with AI and cleantech leading the sectors.
Lumio, founded by former Xiaomi India executive Raghu Reddy and ex-Flipkart executive Kailash Sankaranarayanan, has raised about ₹102.5 crore to expand its range of smart TVs and projectors and open offline stores.
Bengaluru's Ionage has raised $1.3 million in pre-Series A funding to grow a software and interoperability platform that already connects more than 25,000 four-wheeler charge points, 75 charging partners and 63 fleets across India.
Open-source AI lab Nous Research has confirmed a $90 million Series B led by Robot Ventures at a $1.5 billion valuation, and is using the money to sell its popular Hermes agent to companies.