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AI Tech Startups

Indian Startup News on Instagram: “Indian AI startup Sarvam has become a unicorn after raising $234 million in the first close of a $300 million Series B funding round led by HCLTech, valuing the company at $1.5 billion. The round was led by HCLTech as a strategic investor, with Bessemer Venture Partners also backing the financing. Existing investors Khosla Ventures and Peak XV Partners participated in the round. HCLTech has committed $150 million as part of the investment. Sarvam said the funding will be used to develop next-generation AI models focused on agentic AI, coding and cybersecurity. The latest fundraise comes as Indian technology companies and investors increase their focus on sovereign AI, including foundation models and infrastructure designed for local languages, businesses and public-sector use cases. #sarvam #AI #startups #funding #unicorn #indianstartupnews”

Indian AI startup Sarvam has become a unicorn after raising $234 million in the first close of a $300 million…

Fintech Startups

Indian Startup News on Instagram: “Most people never noticed Cashfree Payments. But for sure, they have used it. In 2015, Akash Sinha and Reeju Datta started Cashfree Payments with one laptop, no big network, and a simple idea: make online payments easier for businesses. Their first breakthrough came from fixing COD payment challenges. Slowly, the company became the invisible layer behind millions of transactions for brands people use every day, including Swiggy, Nykaa and BigBasket. Ten years later, that quiet work has turned into a Rs 1,000 crore revenue business. In FY26, Cashfree grew 55% year-on-year, became EBITDA profitable, and crossed 1 million merchants. The company has also stayed profitable in 5 of its 10 years, while building with under $120 million in total funding. And it isn’t stopping here. “The idea is to grow to Rs 3,000–4,000 crore in revenue over the next two or three years, and then go for an IPO,” co-founder Reeju Datta said. What started as two founders solving a COD problem is now chasing a much bigger goal. #startups #payments #fintech #digitalindia #cashfreepayments #indianstartupnews”

Most people never noticed Cashfree Payments. But for sure, they have used it. In 2015, Akash Sinha and Reeju Datta…

AI Tech Startups

Indian Startup News on Instagram: “AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services, according to a Reuters report. Under the deal, Perplexity will run a range of AI models through Microsoft’s Foundry program, including systems from OpenAI, Anthropic and xAI, the report said. Perplexity is backed by Nvidia, whose chips are widely used to train and deploy advanced AI models. A Microsoft spokesperson told Reuters that Perplexity has chosen Microsoft Foundry as its primary AI platform for model sourcing under a new multi-year agreement. The spokesperson added that Perplexity has not shifted spending away from Amazon Web Services, the startup’s main cloud provider, as part of the Microsoft deal. #AI #perplexity #microsoft #indianstartupnews”

AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services,…