Startup And Fundraising 13 October 2026
India Startup Funding Surge: AI, Fintech, Space and More
Indian startups attracted massive capital in recent weeks, with AI leader Sarvam AI courting up to $300 million at a $3 billion valuation, while fintech funding rose 14% to $2.2 billion despite fewer rounds. Other notable deals include a former OpenAI researcher seeking $15 million, ThinkMetal securing ₹27 crore for precision manufacturing, CoinSwitch rebranding as BlackLane Capital, Kapta Space closing a $24 million Series A, and Mesa School of Business raising ₹110 crore for AI‑focused programs.
- Sarvam AI is in talks to raise $250‑300 million, targeting a $3 billion valuation, positioning it as India’s most valued AI startup. (source)
- An ex‑OpenAI researcher is seeking $15 million from Peak XV and Bessemer for a new AI venture, indicating renewed investor appetite. (source)
- ThinkMetal secured ₹27 crore led by IAN Alpha Fund to scale indigenous precision manufacturing. (source)
- Indian fintech funding rose 14% to $2.2 billion, though the number of rounds fell 41%, highlighting concentration among top players. (source)
- CoinSwitch Ventures rebranded to BlackLane Capital, aiming to deploy over $100 million to startups within five years. (source)
- Kapta Space raised $24 million in a Series A round to advance next‑generation spaceborne radar technology. (source)
- Mesa School of Business obtained ₹110 crore to expand AI‑era programmes and its in‑house startup lab. (source)
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