Peak XV ups Surge seed investment ceiling to $5M, unveils 18-startup cohort
Thirteen of the 18 startups in Peak XV’s latest Surge cohort are targeting global markets, while more than half are based in India.
Jagmeet Singh
Source-attributed coverage written by this author across active feeds.
Lightspeed targets $250M for new India fund, focusing on early-stage AI
The Silicon Valley firm is aligning its India fundraising cycle with its global funds for the first time, as it shifts to a shorter investment period.
Uber invests $10M in Indian fleet operator Carrum at $168M valuation
Carrum Mobility operates about 5,100 vehicles in India and is Uber's largest fleet partner for its premium Uber Black service in the country.
Sequoia doubles down on Cymphony as AI agents create new enterprise security risks
Cymphony was valued at more than $100 million in a $25 million Series A co-led by Sequoia and SMBC Fin Atlas Beyond Fund.
Qualcomm backs Ultrahuman in $70M round on bet to turn smart rings into computers
Ultrahuman is targeting a $200 million annual revenue run rate by January 2027 as it builds a new Qualcomm-powered smart ring.
India’s Unacademy sells to rival upGrad for $206M, about 94% less than its peak valuation
"We raised at a peak, but sold at a fraction of that," Unacademy co-founder and CEO Gaurav Munjal wrote. "I'm not going to dress these facts up."
Magna increases bet on battery swapping in India with $35M for Yuma
Magna's investment in Yuma Energy has reached $87 million as the Canadian auto supplier increases its majority stake in the Indian battery-swapping firm.
Lachy Groom backs Indian startup aiming to keep aircraft aloft for a year
Founded by a 20-year-old, Alteon is developing autonomous aircraft that hopes to harvest wind energy to stay aloft for several months.
India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand
Yulu aims to have a fleet of 200,000 bikes in the next two years and faster electric two-wheelers, aiming at new logistics use cases.
Saudi Aramco backs India’s Mitti Labs to make Asia’s rice farming more water-resilient
Mitti Labs plans to expand beyond India and enter the Philippines and Indonesia while growing its carbon credits and agricultural data business.
Okta buys AI security startup Permiso; source says for about $200M
The deal gives Okta identity threat detection capabilities as enterprises seek to secure AI agents and other non-human identities across cloud environments.
Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era
Glow is targeting a new class of endpoint risks created by the rapid adoption of AI agents and developer tools inside enterprises.
Nandan Nilekani leaves GP role at Fundamentum as it launches $200M third fund
Nilekani remains Fundamentum's anchor investor as the firm expands its leadership team and targets AI and fintech startups in India.
Indian tech tycoon bets $30M of his own money to build AI alternative to Microsoft Office
Neo is Bhavin Turakhia’s fifth venture and his latest involving enterprise software. This time he's taking on Microsoft Office, Google Apps with AI.
WhatsApp gets new chief as Meta taps India’s CRED founder Kunal Shah, and invests $900M in startup
WhatsApp gets a new boss, as Will Cathcart moves to a new role at Meta, while Shah steps down as CEO of Indian fintech giant CRED to replace Cathcart.