Exclusive: Hunar AI valuation jumps 71% in Series A round

Hunar.AI, an AI-powered frontline workforce platform, has raised Rs 39.3 crore in a Series A funding round led by Blume Ventures with the participation from Seedstars, Hyderabad Angels Fund, AVNM Ventures, Physics Wallah’s co-founders Alakh Pandey and Prateek Maheshwari.

According to the company filing, the company had raised around Rs 18 crore in pre - series A round led by existing investor Together Fund.

The board at Hunar AI passed a special resolution to issue 5,206 compulsorily convertible preference shares (CCPS) at an issue price of Rs 75,492 per share to raise Rs 39.30 crore in fresh capital, according to its regulatory filings accessed by Entrackr.

Blume Ventures led the round with an investment of Rs 29 crore, followed by Seedstars with Rs 3.31 crore and Hyderabad Angels Fund with Rs 3 crore. AVNM Ventures invested Rs 2 crore, while Prateek Maheshwari and Alakh Pandey invested Rs 1 crore each.

As per Entrackr’s estimates, Hunar AI’s valuation rose over 71% to Rs 180 crore or approximately $19 million in the new round, compared with Rs 105 crore in the pre-Series A.

The proceeds will be utilised for working capital needs, capital expenditure, operations, and business expansion, said the filings.Founded in 2022 by Krishna Khandelwal and Shantanu Bhattacharyya, Hunar.AI provides AI-powered voice agents to automate frontline workforce operations, including hiring, onboarding, training and employee engagement. The startup uses multilingual voice AI to help businesses streamline recruitment and workforce management.

Following the latest allotment, Together Fund remains Hunar.AI’s largest external institutional shareholder with a 19.62% stake, followed by Blume Ventures at 16.17%. Co-founders Krishna Khandelwal and Shantanu Bhattacharyya hold 21.05% stake each in the company.

Among angel investors, Prateek Boob and Alakh Pandey hold 0.56% stake each, while Rohit Kumar Bansal and Kunal Bahl hold 0.37% each.

In March 2026, Prateek Boob, co-founder of PhysicsWallah, invested Rs 25 crore in Newton School as part of its ongoing Series B funding round.

The company is yet to file its FY26 financials. Hunar.AI reported operating revenue of Rs 1.70 crore in FY25, up from Rs 47 lakh in FY24. However, its losses increased to Rs 5.56 crore in FY25.

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