From AI startup RapidCanvas raising $29 million to BharatPe launching Agentic AI amid festive season, YourStory brings you today’s headlines with the latest developments across sectors.
Latest news
BharatPe launches Agentic AI for businesses
In the middle of the festive season, BharatPe Agentic AI brings an intelligent, 24x7 assistant to the BharatPe for Business app, built with Gemini Enterprise Agent Platform on Google Cloud.
The Agentic AI brings assistance, context and task execution together within the BharatPe for Business app. It can proactively follow up on requests, flag relevant issues and share updates, helping merchants spend less time navigating support processes and more time managing their businesses.
With India’s festive demand already showing strong momentum, BharatPe Agentic AI brings an AI-first approach to supporting the merchants powering the country’s festive economy, helping them manage everyday business requirements with greater ease, responsiveness and personalisation.
Funding news
RapidCanvas raises $29M in Series B
AI execution company RapidCanvas has raised $29 million in Series B funding led by Vertex Ventures SEA & India. The round also saw participation from Hitachi Ventures and existing investors, including Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.
The startup has raised a total funding to $52.5 million. RapidCanvas will use the Series B funding to grow its go-to-market teams and expand its network of private equity and advisory partners, who bring managed AI execution to their portfolio companies and clients. It will also grow its field AI engineering team across India, the U.S. and Brazil.
Space robotics startup Cosmochute raises $1.5M
Space robotics startup Cosmochute has raised $1.5 million in a pre-seed funding round led by Accel and Prosus Ventures, as part of the Atoms X program. IIMA Ventures’ Deep-tech and Aerospace Acceleration Fund, Operators Studio and Chinmayi Muthyala also participated in this round.
The company is building robotics and infrastructure for the emerging lunar economy. Cosmochute joins six other startups from the inaugural Atoms X cohort launched earlier this year.
The latest funding will enable Cosmochute to continue product development, strengthen its engineering team and advance its commercial roadmap as it works towards its next phase of growth.
Banaraswala raises $2M in seed funding
Banaraswala, Ghat se Ghar Tak, known for its Banarsi cuisine, has raised $2 million in seed funding from Prax Impex Private Limited.
The money raised will help the brand enter new markets, innovate its menu and grow through franchises.
Banaraswala is a company established by Vibhanshu Mishra and currently operates three outlets across Delhi and is in the process of expanding. The fresh capital will be deployed towards accelerating the brand’s pan-India expansion in QSR and banarasi molecular cuisine, strengthening its presence across emerging markets and significantly broadening its product portfolio over the coming months.
(The copy will be updated with the latest news)