Karnataka plans a regulatory sandbox under its Innovation Act to support tech research, while leaders highlighted AI adoption, digital scale, and the need for responsible, transparent governance.

The round was led by early-stage investor 100Unicorns, with participation from Ashish Kacholia, Gruhas, US-based FJ Labs, and existing customers.

Chakra Growth Fund and Thinkuvate also participated in the round.

The fresh funds will be used to expand operations into new markets, strengthen its technology platform, and scale up its distribution network.

The Series A round was led by TDK Ventures and BIG Capital, with participation from Accel, Prosus, Yournest, Campus Fund, BlueHill, and Riceberg.

The round was led by Peak XV Partners, with participation from angel investors.