The round also saw participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital, with PayPal Ventures joining as a new investor.
The move highlights Lightspeed's focus on identifying and supporting companies with breakthrough technologies across enterprise, consumer, health, fintech, and AI-driven sectors.
Retail, real estate and construction tech, and fintech led sectoral growth, backed by active investors such as Venture Catalysts, Antler, Elevation Capital, Lightspeed, Bessemer, and Sofina.
The round also saw participation from Together Fund, Y Combinator, Prosus Ventures, and angel investors such as Jeff Dean, Devendra Chaplot, and Balaji Srinivasan.
The startup is primarily concentrated in the US, it also operates an engineering and technology team of about 30 employees in Gurugram, which it plans to double in the coming months.
The Series B round was led by Nandan Nilekani's Fundamentum Partnership, with participation from Aditya Birla Ventures. Existing backers Z47, RTP Global, and Lightspeed also doubled down in the round.
As it scales, Slikk will diversify into categories such as beauty and personal care (BPC), footwear, accessories and wearables, while extending its presence across key metros.
The Mumbai-based startup will use the funds to expand its AI-driven fraud detection platform across new sectors and enter international markets in the Middle East and Southeast Asia.
The fresh capital will fuel Emversity's plans to scale operations to 75+ campuses by the end of the financial year, expanding its reach in bridging the skill gap in critical grey-collar sectors across India.
This week saw several startups secure crucial funding to scale their operations and expand market reach. From AI-driven research solutions to commercial EV financing, here are the standout funding deals of the week.
The company plans to use the fresh capital to enhance its AI agents, expanding their analytical capabilities across multiple industries while strengthening partnerships to improve access to domain-specific intelligence.
With the raised funds, the Bengaluru-based platform aims to expand its offerings and reach a wider user base, especially in India's tier-II cities and beyond.
This week witnessed significant investments in innovative startups across diverse sectors, underscoring the resilience and growth potential of these ventures.
The company plans to use the fresh funding to expand its footprint to 50 cities, enhance its technology, hire talent, and strengthen its brand presence.
The Series B round saw participation from new investors M&G Catalyst and Glade Brook Capital Partners, who joined existing backers, including Google, Radical Ventures, Lightspeed, and others.
Razorpay has launched the Razorpay Venture Investment Programme in partnership with Peak XV Partners and Lightspeed, investing up to USD 1 million per startup to support 10-15 early-stage startups annually.
This week, the startup ecosystem witnessed a flurry of funding activities, with several innovative companies securing significant capital to fuel their growth. Here's a closer look at the standout funding rounds that demonstrate the dynamism and potential across diverse sectors.
This week, several startups across diverse sectors secured significant funding, showcasing innovation and growth potential. Here's a roundup of the most notable funding rounds:
With the raised funds, Qure.ai aims to expand in the US and global markets, advance AI models, enhance technology, and pursue strategic acquisitions to strengthen its healthcare AI offerings.