Activate will act as ElevenLabs’ India partner, helping expand enterprise ties while enabling early-stage startups to access its voice AI infrastructure and strengthen local presence.
The acquisition is expected to support Raise efforts to expand beyond investing and wealth management into financial protection services, strengthening its broader financial ecosystem.
Nxtra (USD 710 Mn), Inox Clean Energy (USD 344 Mn), and Wingify (USD 150 Mn) led the biggest deals across infrastructure, clean energy, and enterprise applications.
The fresh funds will support global expansion, technology upgrades, product integrations, and scaling AI-driven patient monitoring across healthcare systems.
The offering is expected to be largely a primary issue, meaning most of the funds raised will go directly to the company rather than existing investors.