WorkIndia secured ₹97 crore in a series B funding round led by Aavishkaar Capital

WorkIndia Series B Funding of ₹97 Crore

WorkIndia has managed to raise ₹97 crore in a Series B financing round. Aavishkaar Capital led this capital infusion. BEENEXT Capital, which has been actively supporting the platform over the long term, also participated in the funding round, and this indicates that investors still believe in the technological focus of WorkIndia on employment. The new investment highlights the increased relevance of proper recruitment tools among the millions of employees who are the backbone of the Indian economy. 

Funding and mission

The Series B round financial breakdown indicates a high-level commitment from the lead investors. The largest portion of financing was the ₹75 crore contribution of Aavishkaar Capital and the ₹22 crore contribution of BEENEXT Capital. It is an investment that will accelerate the next stage of the growth of WorkIndia with priorities to technological improvement and expansion into the market. Through the funding, this platform will ensure that the glaring loopholes in the recruitment process are closed to put both job seekers and small-scale employers in a mode of efficiency.

The new capital that the company has acquired, according to the company, will be strategically used in a number of core areas of the business. One of its major priorities will be the ongoing upgrading of its technological platform. This involves improving its proprietary job-matching algorithms so that the right candidates are more effectively and precisely matched with the right employers. The funds will also be used by WorkIndia in product innovation and expansion to regions within India that are currently experiencing high hiring demand, yet have no formal recruitment infrastructure.

The mission of WorkIndia is to create a clear and effective platform for blue and grey-collar workers. These employees work in a large and extremely fragmented labor market containing over 50 job categories. These include delivery services and warehouse operations to retail, telecalling, and field sales. WorkIndia will provide some structure to these industries since these industries traditionally operated on word of mouth or informal networks that do not always satisfy the demands of a modernising economy.

Focus and recruitment market

One of the major distinguishing factors of WorkIndia is that it targets micro, small, and medium enterprises (MSMEs). These enterprises are critical to the economic life of India, but they often lack the human resources departments that focus on hiring their requirements. WorkIndia establishes itself as a strategic recruiting firm to such firms, providing them with more expedited and organised alternatives to seek sustainable talent. This emphasis is especially applicable in Tier II and Tier III cities and smaller towns, where formal recruitment networks frequently do not exist at all or are only limited, and where local businesses find it hard to grow their operations efficiently.

The Co-founder and Chief Executive Officer of WorkIndia, Nilesh Dungarwal, stressed the significance of the staff they help in the announcement. He pointed out that the blue and grey-collar workers are the backbone of the national economy and declared that the mission of the company is to develop a technology-driven platform that will provide transparency and a chance to the group of people. By offering a mobile-first, digital solution, the leadership team believes that the workers, who have been previously marginalised by the absence of any available information and formal job channels, will be enabled.

This has been echoed by the investors, who pointed out the social and economic implications of the platform. Sanchayan Chakraborty, a Partner at Aavishkaar Capital, commented that productive employment of the growing blue-collar population is essential in the long-term growth and social development of India. He observed that WorkIndia is leading in changing this space by applying up-to-date tools in solving old recruitment issues. This investment is indicative of a larger conviction that platforms that deal with structural information asymmetry with the help of technology are in good positions to be successful in the long term.

The Series B round is the result of a successful pre-Series B funding event in January 2023, during which the company raised about $12 million. The former round was led by SBI Holdings and the Yamauchi No.10 Family Office, among others. The list of WorkIndia early and current supporters is also impressive; it includes Beenos, Xiaomi, Persol Venture, SBI Tokyo, Insitor Impact Fund, and Yamauchi Family Office. This variety of global and domestic investors demonstrates how popular the huge opportunity of digitising the labor market in India has become.

The blue and grey-collar labor recruitment is mostly under-digitised, posing a great challenge to both sides. WorkIndia uses mobile-first, geo-tagging, and advanced algorithmic matching to bridge this gap. Through these structural concerns, the platform not only helps people find employment but also aids businesses in becoming more productive. The size of this opportunity remains immensely popular with investors, with the country moving towards more structured and data-driven employment solutions.

Conclusion

The successful ₹97 crore Series B fundraise by WorkIndia is a landmark in the recruitment industry in India. The company has Aavishkaar Capital and BEENEXT, which help it to improve its technology and reach the most distant parts of the country. WorkIndia is not only developing a job portal by targeting MSMEs and the blue and grey-collar workforce, but it is also developing an essential infrastructure that will enable economic participation. With the company still innovating and growing, it is committed to its mission of introducing transparency and efficiency to a market that will be central to the future prosperity of India.

Top 10 Safest Banks in India 2026

Top 10 safest banks in India 2026

Introduction:

The world is changing rapidly, with technology-inspired growth, digital threats and economic shifts, bank safety becomes crucial. A safe bank has plenty of capital, which means it’s able to cover losses without compromising your savings. But not all banks are worthy of your hard-earned money. Based on the latest financial health and market trust, here is the list of the Top 10 Safest Banks trusted by India.

Bank NameOwnership TypeOfficial RBI Safety Status
State Bank of India (SBI)GovernmentD-SIB* (Highest Bucket)
HDFC BankPrivateD-SIB (High Buffer)
ICICI BankPrivateD-SIB (Standard Buffer)
Kotak Mahindra BankPrivateMajor Private Bank
Axis BankPrivateMajor Private Bank
Bank of Baroda (BoB)GovernmentMajor Public Bank
Canara BankGovernmentMajor Public Bank
Union Bank of IndiaGovernmentMajor Public Bank
Indian BankGovernmentMajor Public Bank
Punjab National Bank (PNB)GovernmentMajor Public Bank

*D-SIB stands for Domestic Systemically Important Bank, a formal designation by the RBI.

What makes banks safe?

There are several reasons why one bank might be safer than another in terms of security. Domestic Systemically Important banks or DSIBs are under close watch of the Reserve Bank of India, and hence whenever they face trouble, the government is there to help, as they are crucial to the economy. 

Public Sector Banks also get government help to keep them afloat during critical times. Meanwhile, the safety of private banks is measured by the cash they keep in reserve to handle bad times, technically referred to as the Capital Adequacy Ratio. Overall, Net non-performing assets are the most important metric of safety. Banks with Net NPA below 1% are seen as the safest bets.

Tier 1: “Too big to fail” The D-SIBs

HDFC Bank 

  • CAR: 18.5%
  • Net NPA ratio: 0.42%

HDFC Bank is a private bank with a massive network and a good reputation for stability. They are one of the top leading banks in India, known for being very strict about money lending, which means it has very low NPA or loans that don’t get paid back. HDFC is one of the safest banks as it keeps large cash reserves to cover any unexpected issues. 

It is ranked as a Systemically Important Bank (D-SIB), placing it in the safest tier alongside SBI. Their loan portfolio is healthy, with very few defaults, due to careful and smart checking processes. HDFC’s mobile app uses strong security features like biometric logins. HDFC is expected to grow its digital offerings, making banking safer and faster.

ICICI Bank

  • CAR: 17%
  • Net NPA ratio: 0.41%

ICICI Bank is another private bank known for its robust safety measures. This giant has made a remarkable comeback over the past few years as one of the most trusted names in the Indian finance industry. It is heavily retail banking-oriented,  so it deals a lot with the general public. 

They keep bad loans low through rigorous reviews and recovery teams to maintain healthy financials. What sets ICICI apart is its investment in cybersecurity. It uses advanced encryption and real-time alerts for suspicious activities. ICICI is ideal for families looking for home loans or education funding. It has branches everywhere with helpful customer support.

State Bank of India 

  • CAR: 14.8%
  • Net NPA ratio: 0.47%

State Bank of India, or SBI, is one of the oldest public sector banks in India. It is almost synonymous with safety. SBI is the largest bank in the country, backed by the government; it’s unlikely to face major troubles. They have vast reserves and a massive customer base, which spreads out risks.

It is like the backbone of the Indian economy. While bad loans have been the most challenging for SBI in the past, ongoing clean-ups have improved it. Being majority-owned by the government, your money is as safe as keeping it in the RBI. State Bank of India will continue pushing digital initiatives like the YONO app, which is secure and user-friendly.

Tier 2: Top private banks

Kotak Mahindra Bank

  • CAR: 20.0%
  • Net NPA ratio: 0.32%

Kotak Mahindra Bank is famous for its highest capital adequacy ratio (an emergency fund). This private bank shines in safety with its conservative yet innovative approach. They don’t take unnecessary risks and are operated by a cautious management that prioritises safety over rapid growth, which keeps their financial health top-notch. 

Kotak is set to enhance its AI-driven fraud prevention, making transactions even safer in 2026. If you’re a high-earner or business owner, this bank’s focus on premium services with strong security will appeal to you. It’s not the biggest, but its quality and safety policies make it the safest bank for your money.

Axis Bank

  • CAR: 17.8%
  • Net NPA ratio: 0.45%

Axis Bank has climbed the ranks in safety while becoming the third-largest private bank in India. They emphasise efficiency and customer trust. Axis has a massive customer base and a strong presence in retail and corporate banking across India. Its bad loan rates have dropped significantly due to better collection strategies. 

The bank offers great credit card products and high security. Looking ahead to 2026, Axis is expected to grow its retail segment while maintaining strict risk controls. Its affordable accounts and easy loan option make it a great pick for anyone starting their financial journey. 

Tier 3: Government-supported public sector banks

Bank of Baroda (BoB)

  • CAR: 15.5%
  • Net NPA ratio: 0.57%

Bank of Baroda merged with Dena Bank and Vijaya Bank, becoming the third-largest public bank in India. It is a dependable public bank and is considered one of the safest banks due to its strong capital positions and diversified operations, including international branches. Bad loans are managed well with a focus on recovery and prevention. 

The bank uses modern technology like two-factor authentication for secure banking. BoB is expected to emphasise MSME support in 2026, strengthening the economy and the bank. If you have international needs or want the best alternative to SBI, this is a safe choice, known for ethical practices. 

Canara Bank

  • CAR: 15.0%
  • Net NPA ratio: 0.54%

Canara Bank grew after merging with Syndicate Bank, becoming a powerhouse in southern India while having a national presence. It offers solid safety and has shown excellent profit growth in recent years. Its public status ensures stability, backed by adequate capital and improving loan quality. 

Canara offer its customers secure online tools and helpful branches. It holds a strong position in the agricultural and MSME sectors, which are supported by the government. Canara will likely expand its loaning services with better risk assessments. 

Union Bank of India

  • CAR: 14.5%
  • Net NPA ratio: 0.55%

Union Bank of India is one of the largest banks in the country. They have invested heavily in modernising their services and apps like Vyom. The bank is considered safe due to its strong management and the sovereign guarantee for depositors. Union Bank of India have strong Capital reserves and its efforts to reduce bad loans are paying off. The bank emphasises cybersecurity, protecting against modern threats. The bank also provides good options for savings and investments. 

Indian Bank

  • CAR: 15.2%
  • Net NPA ratio: 0.52%

Indian Bank stands out for its commitment to inclusion and safety. As a public sector entity, it benefits from the government. They make less noise than SBI but are one of the most efficient public banks, keeping bad loan ratios low through targeted lending. The bank merged with Allahabad Bank, creating a financially strong positioning. Southern India often prefers it for its regional focus and reliable fixed deposits. 

Punjab National Bank 

  • CAR: 14.2%
  • Net NPA ratio: 0.95%

Punjab National Bank closes the list with its resilient structure. Many might question why PNB is in the list even though it was in the news for fraud some years ago. The reason is government backing; your deposits are safe here because the government stands firmly behind it. They tackled Bad loans aggressively, with sufficient capital available. This bank is popular in the north for agricultural loans and secure deposits.

Conclusion:

These are some of the banks that represent the best in safety, blending tradition and innovation. Public ones offer government assurance, while private ones provide tech-savvy features. No matter which bank you decide to invest in, you must know about the DICGC Insurance. The Deposit Insurance and Credit Guarantee Corporation is an RBI subsidiary that ensures that if a bank fails, you are guaranteed to get back Rs 5 lakh. The article mentioned the top 10 safest banks in India you can look forward to in 2026.

FAQs:

Which is the largest bank in India in 2026?

The State Bank of India (SBI) is likely to remain the largest bank in India based on assets and branch network.

Which banks are best for personal banking in India?

HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank are popular choices for personal banking.

Are public sector banks reliable in 2026?

Yes, public sector banks like SBI, Bank of Baroda, PNB, Canara Bank, Union Bank, and Indian Bank remain reliable.

Which banks offer good digital banking services?

HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank are known for strong digital banking platforms.

Which bank is best for business and MSME loans?

SBI, HDFC Bank, ICICI Bank, and Bank of Baroda are commonly preferred for business and MSME loans.

Are these banks safe for long-term savings?

Yes, all the listed banks are regulated by the RBI and are considered safe for savings.

Which bank has the largest branch network in India?

State Bank of India (SBI) has the largest branch and ATM network across India.

How can I choose the right bank for myself?

You should compare services, digital features, branch access, interest rates, and customer support.

Oben Electric Raises ₹85 Cr to Expand Retail Network and  Drive Next Phase of EV Growth 

Oben Electric raises ₹85 crore

Oben Electric, a burgeoning electric two-wheeler startup, has successfully secured INR  85 crore (approximately $10 million) in a pre-Series B funding round. This investment  aims to bolster its retail presence and support the launch of new products. The funding  round attracted participation from Indian-American family offices in the US, many of  which have robust manufacturing backgrounds, along with contributions from several  existing investors. Notable new backers include Raj K Soin, Musa Dakri, and Ramesh  Bhutada. 

Expanding Retail and Service Network 

The newly acquired funds will primarily facilitate the expansion of Oben Electric’s  distribution and service network throughout India. Co-founder and CEO Madhumita  Agrawal shared that the company aims to establish 150 exclusive showrooms with  dedicated service centres by March 2026, a significant increase from the over 85 stores  currently operating across 18 states. Looking ahead, Oben Electric is targeting nearly  500 stores within the next two years, focusing on strengthening its presence in existing  markets rather than aggressively venturing into new territories. 

Agrawal emphasized that this strategic approach enables the company to maintain high  service quality and operational control. “Instead of overstretching ourselves, we would  rather grow progressively with excellent performance in every state,” she remarked. 

Path to Profitability and New Product Developments 

A crucial goal of this funding round is to achieve break-even on the cost of goods sold  (COGS) by the end of FY26. On the product development front, Oben Electric is gearing  up to enter the mass-market motorcycle segment with its upcoming O100 platform, 

which targets the 100cc equivalent category. The development of this new platform is  on track, with sales anticipated to commence next year. 

Founded in 2020 by Madhumita Agrawal, Dinkar Agrawal, and Sagar Thakkar, the  Bengaluru-based startup currently offers three variants of its Rorr electric motorcycle. It  competes with electric vehicle players like Ola Electric and Revolt Motors, as well as  established two-wheeler manufacturers such as Bajaj Auto and TVS Motor. 

Funding Journey So Far 

Earlier this year, in June, Oben Electric raised an additional INR 50 crore in Series A  funding, bringing the total for that round to INR 100 crore. With this latest pre-Series B  infusion, the company has raised a total of INR 285 crore to date from investors  including Helios Holdings, the Sharda family office, and Ambis Holding. The startup is  now gearing up for a larger Series B round, expected to raise between $20 million and  $40 million following this pre-Series B funding. 

Market Performance and Growth Strategy 

According to VAHAN data, Oben Electric’s sales surged from 630 units in 2024 to 2,828  units in 2025 (up to November), marking an impressive growth of nearly 349%. This  increase has been fueled by the expansion of its retail network and a concentrated  focus on electric motorcycles rather than scooters. 

Agrawal pointed out that in India, motorcycles often serve as essential vehicles for daily  livelihoods, making reliability, durability, and service access far more critical than just  the initial price. “Service quality cannot be compromised because a car breakdown  might have a direct impact on daily earnings,” she stated. 

This philosophy has shaped Oben Electric’s operational model. In its early stages, the  startup operated company-owned stores and service centres in cities like Bengaluru,  Delhi, and Pune to gain valuable insights. As it grew, it transitioned to a dealer-led  model, selectively onboarding dealers who were committed to establishing exclusive  service centres alongside showrooms. The company deliberately avoids third-party  service providers, opting to maintain full accountability for service quality. 

Manufacturing and Revenue Outlook 

Oben Electric manufactures its motorcycles and key EV components in-house,  including LFP battery packs, which grants greater control over quality and costs. The  firm expects its revenue to increase to $12 million (INR 100 crore) in the current fiscal  year from approximately $3 million (INR 25 crore) in FY25, driven by increased sales  volumes and an expanded market presence.

Kae Capital targeting to raise $100 million for Fund IV

Kae Capital Raises $100 Million for Fund IV

The Kae Capital, one of the leading venture capital firms in the Indian ecosystem, is in the process of raising its fourth investment vehicle. The company has been aiming to raise about $100 million in Fund IV, as per recent reports. This is a strategic step that builds on the practice of the firm to spot and develop high-potential startups during the initial stages of their development. Kae Capital was founded by Sasha Mirchandani and has made its mark as one of the first early-stage investors in India, and the new fundraising is an indication that it will be doubling its known investment philosophy.

Targeted fund and the firm’s track record

It is also worth noting that the change in decision to target between a range of $100 million to $120 million is a significant development, especially relative to Fund IV’s past fund. In 2022, Kae Capital raised its third fund of $158 million, a large amount when compared to its earlier versions. The reversion to a marginally smaller and more concentrated fund size is an intentional move towards staying lean and concentrated on the pre-seed and Series A rounds.

To ensure that it has the capacity to supply the required capital and focus to its portfolio companies without the stress of committing too much capital in too short a timeframe, the firm has tried to keep its fund size as close to the needs of early-stage investing as it can be. The journey of Kae Capital started more than 10 years ago, when Sasha Mirchandani started Fund I in 2012 with a small sum of $25 million. Since that time, the company has conducted a systematic expansion of its activities as it has stayed loyal to its fundamental principles of being a tech-centred, sector-unbiased investor.

This was followed by Fund II in 2017, which increased the number of funds raised to $53 million, and this strengthened the company’s position. The enormous follow-on round increase to $158 million Fund III enabled the company to play more aggressively with follow-on rounds, but the next Fund IV is more of a sweet spot that enables the company to immerse itself with founders during the most important formative years of a startup.

The company has a history of participation in some of the most successful technology firms in India. Kae Capital has been a founding investor in businesses since then that have become the names of households or the leaders of the industries. Porter, a logistics powerhouse; HealthKart, a wellness and nutrition leader; and Zetwerk, an international manufacturing services unicorn, are part of its portfolio.

The company has experienced a major success with other companies such as Tata 1mg and Nazara Technologies. The investments highlight the fact that Kae Capital can identify disruptive business models and offer the foundational support that can help them grow to market leaders.

Strategic focus and dual approach

Through Fund IV, Kae Capital plans to continue its sector-agnostic strategy, although it has a preference for technology-based innovations. The company is of the opinion that technology remains the main source of productivity and expansion in most sectors of the Indian economy.

In the consumer technology, enterprise software, or industrial application category, the new fund will target founders who are using technology as a means to resolve complex problems. This is a wide scope that will enable the firm to be flexible and to take advantage of the emerging trends when they are discovered in the dynamic Indian startup scene.

Fund IV fundraising process is being undertaken at a time when the venture capital environment is experiencing a state of recalibration. Kae Capital is making itself highly selective by aiming for $100 million in capital. According to the leadership of the firm, it is not only going to provide capital but also be a partner to the entrepreneurs.

This type of partnership-intensive strategy involves a strict use of capital such that every investment is supported with extensive due diligence and an evident route to product-market fit. The vast network and local market experience a huge benefits to the firm in terms of acquiring high-quality deals before they become competitive at later stages.

Besides the primary chain of funds, Kae Capital has also developed special vehicles to promote its most successful firms. The company has just raised about 50 million dollars as a secondary fund, Winner Fund II, which, in turn, enables the company to make follow-on investments in its current portfolio stars.

Such a dual-structure solution, where the main fund is used to make new early-stage bets, and the Winner Fund is used to fund the company in the later stages, enables Kae Capital to realise value across the entire lifecycle of a winning company. This helps to make sure that the company is not watered away to its most viable investments as they expand into initial public offerings or large-scale acquisitions.

The expectation of the $100 million Fund IV reflects the remaining trust of the limited partners in the leadership of Kae Capital and its disciplined investment practices. Given that the first close of the fund is anticipated in the first half of next year, as the firm is operating for it. It is still guided by the core tenets of venture capital to identify extraordinary founders and assist them in developing robust businesses. A reversion to a smaller fund size is sending a message to Sasha Mirchandani and his associates that they care about quality and fit rather than size.

Conclusion

Kae Capital has chosen to raise a fourth fund amounting to $100 million, dollars is a strong sign of its long-term investment in the Indian startup scene. The firm is positioned to overcome the changing market situation by balancing its past performance with a strategic refocusing of its attention on the early discipline levels. The legacy of businesses such as Zetwerk and Tata 1mg is a guide to what the company wants to accomplish with its next group of startups.

The industry will be keeping a close eye on the deployment of this new capital to create the next generation of Indian technology leaders as the fundraising moves on. By building Fund IV, Kae Capital is reasserting its position as a critical innovation driver so that first-time founders can not only have access to the capital to innovate but also have the expertise to achieve.

AI Adoption in MSMEs Could Unlock $500 Billion Economic Value for India 

AI adoption in MSMEs India

Unlocking a $500 Billion Opportunity: The Role of AI in India’s  MSMEs 

Artificial Intelligence (AI) holds the promise of becoming a significant catalyst for growth  in India’s economy, particularly within the Micro, Small and Medium Enterprises (MSME)  sector. A recent report suggests that embracing AI across India’s 64 million MSMEs  could unleash economic potential exceeding $500 billion. However, to fully harness this  opportunity, India must transition from an “adopt-first” approach to an “invent-first”  mindset that fosters deeper innovation. 

The report, titled “India’s Triple AI Imperative: Succeeding with AI in India,” has been  collaboratively published by BCG X—the technology, design, and innovation branch of  the Boston Consulting Group—and the Federation of Indian Chambers of Commerce &  Industry (FICCI). It underscores that while India is among the fastest-growing AI markets  worldwide, it still grapples with the challenge of converting AI adoption into substantial  economic value. 

MSMEs: An Underexplored AI Frontier 

A pivotal insight from the report is the vast, yet largely untapped, potential of AI within  the MSME landscape. With millions of small enterprises operating in sectors like  manufacturing, services, retail, and agriculture, AI has the potential to greatly increase  output, reduce operating expenses, and facilitate formal loan availability. Collectively,  these advancements could generate over $500 billion more in economic worth. 

Despite this potential, MSMEs encounter numerous obstacles to AI adoption. obstacles  including poor digital infrastructure, restricted awareness of AI applications, and a lack 

of skilled talent remain significant hurdles. For AI to work, these holes must be filled to  extend its benefits beyond large corporations and startups, thereby fostering inclusive  growth. 

From Adoption to Innovation in AI 

The report highlights a notable disparity in India’s AI trajectory. While the country ranks  among the top quartile globally in AI readiness, it contributes less than 1% of AI patents  worldwide. This suggests that India is primarily consuming AI technologies rather than  innovating them. 

Experts involved in the study advocate for a shift in focus from merely using AI to  address isolated issues to establishing “AI-first” organisations. This entails rethinking  processes, products, and operational models around AI, rather than viewing it as just a  supplementary tool. 

FICCI Director General Jyoti Vij stressed that India’s true strength lies in its scale and  inclusivity. By facilitating AI adoption across MSMEs, startups, and regional ecosystems,  the nation can enhance productivity, create quality employment opportunities, and  bolster long-term socio-economic resilience. 

Bridging Investment Gaps for Value Realisation 

Another critical issue raised in the report is the gap between action and intention. Nearly 44% of senior executives still allocate less than 10% of their funds for technology  to AI initiatives. Consequently, only about a quarter of organisations are currently able  to derive meaningful value from their AI investments. 

Nipun Kalra, Managing Director and Senior Partner at BCG, noted that genuine value  from AI will only materialise when companies commit to profound innovation and  inclusive access, rather than confining AI to incremental enhancements. 

AI’s Evolving Role in the Future Workplace 

Looking ahead, the report anticipates a significant transformation in business  operations. By 2026, AI is expected to take the lead in executing specific tasks,  potentially managing 70–80% of routine activities and 30–50% of reasoning-based  tasks. 

If this transition is effectively managed, it could redefine productivity and  competitiveness across Indian enterprises—especially MSMEs—positioning AI as a  fundamental element of India’s future economic growth.

SquadStack.ai Launches In-App Voice AI Assistant to Reimagine Digital Customer Journeys

SquadStack.ai in-app Voice AI assistant

National, 18th December 2025: SquadStack.ai, a pioneer in AI-led sales and CX transformation, today announced the launch of its In-App Voice AI Assistant, an agentic conversational layer that turns any webpage or app screen into a live, guided experience.

This marks the next evolution of digital experiences. Every journey can now become intuitive and frictionless, with apps that listen, understand intent, and guide users instantly at the moment of need.

Digital journeys often break when users are forced to scroll, search, compare, and guess their way through complex decisions. Up to 60 percent of high-intent customers drop off during early exploration because help does not arrive in time. The In-App Voice AI Assistant eliminates this friction by enabling users to speak or chat inside the interface without redirects, wait times, or effort. This real-time guidance improves clarity, accelerates decision-making, and ensures more users progress deeper into the funnel.

“The next generation of digital experiences will be conversational by default.. Interfaces must stop behaving passively and start guiding users in real time, regardless of language or complexity. The In-App Voice AI Assistant represents our vision for this future, where interfaces behave intelligently, experiences feel intuitive, and every user can move forward effortlessly.”

— Apurv Agrawal, Co-Founder & CEO, SquadStack.ai

Consider a digital car-buying journey, where users often struggle to compare variants, understand pricing differences, or evaluate which model best fits their needs. These moments of uncertainty create hesitation and drop-offs. The In-App Voice AI Assistant resolves this by allowing users to simply ask questions inside the journey and receive instant, expert-level guidance. This builds confidence, reduces decision friction, and moves more users toward the right choice without leaving the flow.

The assistant is powered by SquadStack.ai’s Humanoid AI Agent Stack, trained on billions of structured conversations across India. Built to handle diverse accents, languages, and real-world user behavior, it delivers the most natural and human-sounding voice experience in India. The underlying voice engine recently passed the Turing Test milestone for naturalness, reinforcing its ability to create lifelike, high-trust interactions, which is a critical requirement for Bharat-scale adoption.

The In-App Voice AI Assistant strengthens workflows across assisted sales, product comparison, qualification flows, onboarding support, account opening, and ecommerce navigation. Early pilots have demonstrated meaningful reductions in early-stage drop-offs and faster conversion velocity across BFSI, automotive, ecommerce, education, and travel.

Designed for enterprise-grade deployment, the solution includes advanced security controls and Indian data residency to meet regulatory and industry standards. Delivered as an embeddable SDK, it integrates seamlessly into existing web and app journeys without disruption. It is now available across Web, Android, and iOS.

About SquadStack.ai


Founded in 2021, SquadStack.ai transforms complex sales and CX operations into intelligent, outcome-driven agentic workflows. The company powers 750K plus calls through AI-led execution for leading Indian brands, including TATA, Bajaj Finserv, Kotak Securities, Axis Securities, PhonePe, Zepto, AngelOne, Indiamart, ShipRocket, Eureka Forbes, and more.

Top 10 leading and emerging Venture Capitalists in India 2026

Top 10 leading and emerging Venture Capitalists in India 2026

Introduction:

Venture capitalists, or VCs, are major investors who provide funds to get new companies up and running. They look for promising companies, and give them money, guidance and connections. India has a fast-growing economy with VCs being the catalysts of this new wave of innovation. The following article lists down 10 top and emerging VCs in India. They’ve transformed the startup scene with savvy investments and backing for innovators. We’ll see how venture capitalists drive India’s future.

NameFirmDesignationPrimary Investment Focus
Prashanth PrakashAccel IndiaFounding PartnerConsumer Tech, SaaS, Marketplace
Girish ShivaniYourNest Venture CapitalCo-Founder & Managing PartnerDeepTech, IoT, Robotics, AI
Amit SingalFluid VenturesFounding PartnerD2C
Naganand DoraswamyIdeaspring CapitalManaging PartnerEnterprise Product Innovation (B2B)
Manish Singhalpi VenturesFounding PartnerArtificial Intelligence, SpaceTech
Raj Shekhar SinghZ21 VenturesFounder & General PartnerB2B SaaS, AI (Early-stage)
Deepak GuptaWEH VenturesFounding PartnerConsumer, Content, FinTech
Anirudh SuriIndia Internet FundCo-founder & Managing PartnerTechnology, Climate Tech, Geopolitics
Salone SehgalLumikaiFounding General PartnerGaming & Interactive Media
Piyush GoenkaPrath VenturesFounder & Managing PartnerConsumer Brands (D2C)

Prashanth Prakash is a founding partner at Accel India, leading the country’s VC world. He has been investing in startups for years. He is one of the most successful and earliest investors. Prakash focuses on technology and consumer services, helping companies that make everyday life easier through apps and online platforms. 

Prashanth Prakash

He mentors young talent and advises founders on scaling their businesses. Prakash is set to head the firm’s investments in sustainable tech, such as green energy startups. His approach is hands-on; he is financially contributing to the younger wave of innovation while sharing his network. Prashanth Prakash has received the Padma Shri for his efforts in trade and industry.

Naganand Doraswamy

Naganand Doraswamy is the Founder of Ideaspring Capital. He primarily focuses on enterprise product innovation in B2B sectors. He does early-stage deals and focuses on software tools and product innovations that make businesses work smoothly. Doraswamy is positioned to lead innovations that enhance productivity for companies worldwide in 2026. 

Naganand stresses the importance of solving real business pain points. His firm has turned several niche ideas into industry standards. His network and resources help startups to fuel growth. Doraswamy’s investments strengthen India’s B2B tech landscape.

Manish Singhal

Manish Singhal co-founded pi Ventures, targeting startups using artificial intelligence, machine learning and Internet of Things. Singhal’s vision is to put India on the map for cutting-edge advancements. He is actively investing in AI tools for healthcare and satellite tech for communication. Singhal handles fundraising and team building for his clients under Pi Ventures.

He also offers advice on ethical AI practices and global scaling. Pi Venture stands out for its focus on futuristic fields. Manish uses a tech-savvy approach to connect innovators with resources. He aims to back tech startups that will represent India and offer services to the world. 

Raj Shekhar Singh

Raj Shekhar Singh is Founder & General Partner at Z21 Ventures, concentrating on early-stage B2B SaaS and AI. He supports software service companies, especially those powered by AI for automation. In 2026, he’s eyeing SaaS platforms for small businesses in finance and HR. Raj emphasises quick iterations and user feedback. Z21 Ventures is agile, adapting to fast-changing tech trends. He is one of the emerging Venture capitalists, reflecting his fresh ideas in boosting enterprise efficiency through smart solutions.

Deepak Gupta

Deepak Gupta is a veteran VC known for his diverse portfolio. He serves as Founding Partner at WEH Ventures, with investments in consumer, content, and fintech areas. He looks for startups with breakthrough ideas, particularly in consumer and deeptech sectors. Gupta leads investment strategies and helps startups with branding. WEH Ventures is renowned for creative deals and strong returns. Deepak Gupta’s balanced portfolio approach makes him a steady VC in India’s consumer-driven ecosystem.

Anirudh Suri

Anirudh Suri is Co-founder & Managing Partner at India Internet Fund with investments in tech, climate tech and geopolitics. He’s an investor in what’s known as policy-tech startups that deploy data for better governance and tackling global challenges, such as clean energy. Suri’s experience taught him a lot about how world events affect business. 

He is supporting climate solutions amid environmental concerns. As co-founder and managing partner, Suri shapes fund direction and mentors on strategic planning. India Internet Fund bridges India with global markets. With a policy-informed view, he navigates regulations effectively. Suri blends government insights with business, helping startups avoid pitfalls and scale responsibly.

Salone Sehgal

Salone Sehgal is a leading woman in VC, specialising in media and entertainment. She supports content creators and streaming platforms that are entertaining and interactive. She is leading the charge in mobile gaming and VR worlds. Salone Sehgal oversees all aspects, from scouting talent to launch support in Lumikai. 

She’s an advocate for industry diversity, encouraging new voices. Sehgal is an inspiration for women in VC and underscores gaming’s economic opportunity in India. Her artistic eye helps her identify viral trends. She invests in AR/VR experiences to facilitate immersive storytelling.

Piyush Goenka

Piyush Goenka is Founder & Managing Partner at Prath Ventures, with a primary focus on consumer brands in the D2C space. He backs companies that craft products for direct sales, emphasising quality and storytelling. Goenka’s expertise helps brands stand out in crowded markets. He mainly invests in wellness and lifestyle startups that resonate with modern consumers.

Goenka directs investments and advises on e-commerce strategies. Prath Ventures is known for thoughtful and impactful funding. They tend to spot shifting trends early. Goenka’s community-building efforts connect startups with users, and his practical, people-first approach helped him create a loyal portfolio.

Girish Shivani

Girish Shivani heads YourNest Venture Capital, a venture capital firm focused on early-stage investments where ideas are just beginning to form. Girish seeks startups in education, deeptech and healthcare as crucial to India’s growth. He brings his experience in It consulting and finance to help companies manage their money wisely from day one. 

In 2026, he will emerge as a leader in AI-driven education tools by backing firms that personalise learning for students. Girish Shivani works in a collaborative way; he partners with founders to shape their plans. 

Amit Singal

Amit Singal is another emerging name as the Founding Partner at Fluid Ventures, specialising in D2C brands. He focuses on companies that sell products straight to customers, bypassing traditional stores. With Singal’s expertise, startups create robust online presences and a loyal customer base. He is currently an active D2C investor across health, beauty, and lifestyle, with the core focus on quality and convenience. 

Amit is responsible for investment and providing strategic advice on marketing and supply chains. He encourages entrepreneurial business owners to use data to get better insights into their customers. He is famous for quick decisions and supportive partnerships. He challenges upstart brands to think big and embrace the digital-first technology. His position reflects the emergence of consumer-led innovation in India.

Conclusion:

These 10 VCs are the backbone of India’s startup ecosystem. Venture capitalists are focused on investing in startups to fuel job creation, tech advancements, and economic growth. They not only provide funding but also act as mentors and inspirations. These venture capitalists are the major enablers of India’s growing economy. The article highlighted some of the emerging and leading venture capitalists who are transforming the country.

FAQs:

Who are venture capitalists (VCs)?

Venture capitalists are investors who provide funding to startups and growing companies with high potential.

Why are venture capitalists important for startups in India?

They help startups with money, mentorship, business strategy, and valuable industry connections.

How were these venture capitalists chosen for the list?

They were selected based on their investment experience, impact on startups, and role in India’s startup ecosystem.

Do these venture capitalists invest only in early-stage startups?

No, some invest in early-stage startups, while others also support growth-stage companies.

Which sectors do these VCs usually invest in?

They invest in sectors like technology, SaaS, fintech, consumer brands, healthcare, and deep tech.

Can first-time founders approach these venture capitalists?

Yes, many of them actively support first-time founders with strong ideas and clear business plans.

How can startups connect with these venture capitalists?

Startups can connect through LinkedIn, startup events, pitch platforms, or official firm websites.

Do venture capitalists take ownership in startups?

Yes, they usually take equity in exchange for the investment they provide.

Are emerging venture capitalists trustworthy for startups?

Yes, emerging VCs often work closely with founders and bring fresh ideas and strong involvement.

Why is this list relevant for 2026?

These venture capitalists are expected to play a key role in shaping India’s startup and investment landscape in 2026.

Dream11, Zepto and OYO Lead India’s Startup Visibility Race  in 2025 

India startup visibility race 2025

Startups That Captured India’s Spotlight in 2025 

In a year characterised by cautious funding, sharper unit economics, and a renewed  emphasis on profitability, India’s startup ecosystem continued to attract significant  public and media attention. According to Wizikey’s Newsmakers – Top Startups in India  2025 report, Dream11 emerged as the most prominent startup of the year, leading the  pack with its remarkable media presence. Despite facing a challenging macroeconomic  environment, several consumer-tech brands managed to stay consistently in the  limelight, influencing discussions across gaming, quick commerce, fintech, and  hospitality sectors. 

Dream11 Takes the Lead in Media Visibility 

Fantasy gaming giant Dream11 secured the top spot with an impressive NewsScore of  77.03, showcasing its unparalleled media dominance. The company was featured in  over 32,500 news articles and more than 21,000 headlines, achieving a staggering  cumulative reach of nearly 20 billion. From impactful IPL partnerships to ongoing  debates surrounding online gaming regulations, Dream11 remained at the forefront of  India’s digital entertainment narrative. Its sustained visibility highlights how leading a  category, combined with timely storytelling, can keep a brand relevant even during  broader industry slowdowns.

Quick Commerce and Hospitality Remain Key Focus Areas 

Zepto claimed the second position with a NewsScore of 73.71, solidifying quick  commerce as one of India’s most closely monitored startup segments. The 10-minute  delivery platform garnered over 21,600 news mentions and reached more than 26 billion  readers, underscoring the sector’s widespread appeal and investor enthusiasm. Zepto’s  ascent reflects the dominance of convenience-led, high-frequency use cases in  capturing consumer attention. 

OYO closely followed in third place with a NewsScore of 69.87. The hospitality giant  maintained strong visibility through updates on business expansion, debt restructuring,  and the gradual recovery of the travel and tourism sector. With over 11,800 media  mentions and a cumulative reach of 23.2 billion, OYO’s presence illustrates how  established startups can remain relevant by aligning with broader economic and  sectoral trends. 

Top Startups Shaping India’s Media Landscape 

Beyond the top three, the list also included Zerodha, Rapido, Meesho, Razorpay, Lava  International, boAt Lifestyle, and ACKO, completing the top ten rankings. Together,  these companies reflect the rich diversity of India’s startup ecosystem, spanning  fintech, mobility, e-commerce, consumer electronics, and insurance. Their consistent  media presence indicates that visibility is now driven not just by funding  announcements but by deeper narratives surrounding governance, scale, regulation,  and long-term impact. 

Evolving Narratives in India’s Startup Ecosystem 

The 2025 rankings also highlight structural shifts in how India’s startup stories are being  communicated. High-engagement, daily-use platforms such as gaming and instant  delivery now command a significant share of public attention. Simultaneously, the  inclusion of Zerodha, Razorpay, and ACKO underscores the growing importance of retail  investing, digital payments, and new-age insurance in India’s financial landscape. 

Brands like Lava International and boAt Lifestyle represent the emergence of “Made in  India” and value-driven consumer products in the mainstream startup dialogue. These  companies are shaping narratives around affordability, design, and local  manufacturing, transitioning from niche positioning to national relevance.

Visibility as a Strategic Advantage 

As noted by Wizikey’s leadership, the standout brands of 2025 treated communication  as a strategic function rather than an afterthought. Across various sectors, startups that  combined strong execution with clear, data-driven storytelling achieved more  consistent and lasting visibility. The leadership of Dream11, Zepto’s rapid ascent, and  OYO’s sustained presence together highlight a clear trend: in today’s competitive  ecosystem, visibility has become a crucial growth lever, intentionally built through  launches, partnerships, and purposeful engagement with the news cycle.

ACME Solar secured ₹4,725 crore in long-term debt for renewable growth

ACME Solar secures ₹4,725 crore long-term debt for renewable energy growth and expansion

ACME Solar Holdings has achieved a milestone in terms of long-term debt financing by obtaining approximately ₹4,725 crore of long-term debt. This huge capital injection is meant to give the company the required financial leverage to move on with its large number of renewable energy projects.

The lock-in of such a high value demonstrates that the firm can attract large-scale investment in a competitive market, which indicates that the financial institutions have high confidence in their operational capacity and vision of the firm. This acquisition of such a large debt facility is an extraordinary step in the history of the company, as it keeps up to date with the current development of India, which is in the process of shifting to a more sustainable energy environment.

Core of the financial strategy

The essence of this financial plan consists of the acquisition of long-term debt, which can provide a far more secure alternative to short-term debts. In the case of a developer such as ACME Solar, the lifeblood of infrastructure development is long-term financing.

This ₹4,725 crore arrangement will enable the company to schedule its cash flows more accurately over several years and align its debt liabilities with the predicted revenue under its power purchase agreements. Such alignment is critical to a healthy balance sheet, and the company would be in a position to fulfil its obligations to the stakeholders even as it would continue to invest in new technologies and increased capacity.

The magnitude of this debt security is an indication of a profound knowledge of the financial needs of the contemporary energy industry. The company obtains almost ₹5,000 crore, and it is not only financing its immediate requirements but also creating a buffer that will enable it to be flexible strategically. This capital will act as a base around which ACME Solar can develop its future resources, and this gives it the confidence to place bids on bigger tenders and participate in more energy-related projects that involve high initial capital spending.

Strategic optimisation and project viability

Other than funding the projects immediately, one of the main goals of this debt acquisition is to optimise the capital structure of ACME Solar. Financially, optimal capital structure can be considered a way of determining the most efficient mix of debt and equity to reduce the cost of capital and maximise the value. In acquiring this long-term debt, the company has probably sought to refinance outstanding high-cost liabilities or merge its debts into a more manageable and cost-effective structure. This will be necessary in order to enhance the overall profitability of the renewable energy portfolio of the company.

Optimisation is also a fundamental factor in improving the creditworthiness of the organisation. With the improvement of the financial architecture of ACME Solar, the company is more appealing to prospective investors and lenders, which results in a virtuous cycle of investment and expansion. Effective debt management and lowering the weighted average cost of capital directly has a bottom-line effect on the company and enables it to provide more competitive prices in the renewable energy market and gain better margins on its long-term power generation contracts, which it has entered into.

The capital raised will play a vital role in supporting the growth of ACME Solar in the area of renewable energy. The renewable industry is the new driver of the energy industry in the world today, and India is leading the pack in this revolution. ACME Solar has ₹4,725 crore in its hand, which can be used to expedite the roll-out of its solar assets.

Such undertakings are essential to the expansion of the company itself as well as to the achievement of the national goals of clean energy production. The capital will make sure that the specialised units and the project vehicles that fall under the ACME umbrella have the resources they need to sustain high operational efficiency.

Emphasis on renewable initiatives underscores the goal of the corporation to become carbon-neutral in the future. Every project financed by this debt facility is a step towards curbing the emission of greenhouse gases and also enhancing energy security. With an emphasis on project viability by means of sound financing, ACME Solar can be confident in the fact that its installations are constructed to high standards and can produce a steady energy production, even when the lifespan of the installations is measured in decades. These qualities and durability are critical to the future prosperity of the renewable energy industry as a whole.

Conclusion

Long-term debt of ₹4,725 crore is a strong sign that ACME Solar is strategically mature and is willing to be a market leader in providing green energy. This is not just a fundraising exercise; it is a wholesome initiative to stabilise the financial future of the company, streamline its internal capital interaction and give it a clear direction regarding the growth of its renewable assets. With this capital acquisition, ACME Solar has now strengthened itself as a giant in the renewable energy sector and is prepared to drive the future through reliable, effective, and cost-effective energy solutions.

Speciale Invest unveils ₹1400 crore growth fund to operate India’s deep-tech startup ecosystem

Speciale Invest ₹1400 Crore Growth Fund

The Indian deep-tech investment environment has reached a milestone with a Chennai-based venture capital company, Speciale Invest, officially claiming the development of its Growth Fund II. This impact fund of ₹1.400 crore is well-planned to offer adequate financial support to promising startups in the highly specialised deep-tech sector. Providing this large amount of capital, Speciale Invest will help fill an acute financing gap that is present in the domestic ecosystem, especially among those companies that have already overcome the initial obstacles of technological validation but have not yet developed a track record of reliable sources of revenue.

Primary objective and strengthening leadership

Among the key goals of ₹1,400 crore Growth Fund II is to invest in startups that are in a special transitional stage. A large number of India-based deep-tech startups end up at the stage of their core technology being well-developed and capable of being put into a real-world context, but fail to raise the capital to transform into commercially viable enterprises.

Speciale Invest understands this as a crucial point of juncture where numerous great innovations die because of failure to provide them with growth-stage support. Using this fund, the company plans to support approximately 12 to 15 startups and offer them average investment checks of between $5 million and $8 million. This capital injection is meant to enable these firms to move out of the lab or prototype phase to a level where they can compete favorably on a global level.

The industry target of the Growth Fund II is consistent with the long history of Speciale Invest, with its high-impact, science-driven industries. The venture capital company has reported that it will remain focused on spacetech, high-tech manufacturing, energy storage, and quantum computing investments. The fund will also target health and biosciences and defence technologies.

One of the areas of focus that this particular fund will look at is the heavy investment in unmanned systems and maritime surveillance. By targeting these two niches, Speciale Invest is assembling itself as a key upholder of sovereign technologies and highly scalable Indian-based intellectual property.

In order to lead such a growth-phase effort, Speciale Invest has strengthened its leadership team by incorporating Vijay Jacob as a general partner. Jacob, who brings experience of working with NewQuest Capital as a founding member, will lead the expansion stage investment strategy of the firm. Having leadership that investigates deep-tech firms that have reduced scientific risks and are prepared for capacity building is crucial. The company expects the change in the base of the Limited Partners in this fund.

Launch and long-term development

The introduction of the ₹1,400 crore fund will be immediately after the successful close of fund III by the firm, which happened only three months ago. It has closed that fund at ₹600 crore, which is higher than its original target of ₹500 crore. Whereas Fund III was focused on funding 18 to 20 startups at the early-stage of ₹7 crore to ₹10 crore, the new Growth Fund II is a significant leap in scale and stage.

Speciale Invest has a track record of expanding its investment in its portfolio companies, since it transferred a 5% average stake in Fund I into Fund II, which was 10%, and hopes to have about 15% in Fund III. The company has also supported approximately 35 startups during this timeframe, with several of them emerging as big brands in their respective industries. It owns high-profile businesses like Agnikul Cosmos, GalaxEye, the ePlane Company, Ultraviolette, CynLr, and QNu Labs.

This is further demonstrated by the fact that the firm has already made nine M&A exits since the inception of the company. This track record of successful exits and portfolio growth provides the new growth fund a solid foundation on which to replicate this success on a larger scale.

Conclusion

The launch of the ₹1,400 crore growth fund II by Speciale Invest represents a turning point in the lives of deep-tech entrepreneurs in India. The fund offers a safety net and a readiness to compete in the global market by meeting the particular needs of companies that need to transition to commercial sustainability, rather than to technical readiness. Having a leadership team made up of industry veterans and the renewed focus on strategy specific to the industry, Speciale Invest is poised to lead the next wave of innovation in defence and spacetech and manufacturing.

IIT Mandi Brings Together Global Experts on Behavioural Science and Decision Making at ABSDM Conference 2025

IIT Mandi ABSDM Conference 2025

December 18, 2025; Mandi: The Indian Institute of Technology (IIT Mandi), one of India’s leading IITs, has successfully hosted the Applied Behavioural Sciences and Decision Making Conference (ABSDM 2025). The two-day prestigious conference brought together researchers, academicians, and practitioners from India and abroad to deliberate on cutting-edge research in behavioural science, cognitive modelling, and decision-making.

Organized by Prof. Varun Dutt (IIT Mandi) and Prof. Sumitava Mukherjee (IIT Delhi), ABSDM 2025 served as a vibrant interdisciplinary platform to examine the cognitive, social, and technological dimensions of decision processes. The conference underscored the importance of applying behavioural insights to address real-world challenges in climate change, public policy, and emerging technologies. The event was supported by the TATA Trust Project (PI: Prof. K. V. Uday), whose sponsorship played a key role in the successful organization of the conference.

The conference was inaugurated by Prof. Laxmidhar Behera, Director, IIT Mandi, and featured remarks by Prof. Joachim Meyer, Celia and Marcos Maus Professor of Data Sciences, School of Industrial and Intelligent Systems Engineering, Tel Aviv University, as the keynote speaker, along with Prof. Arnav Bhavsar, Chair of the Indian Knowledge System and Mental Health Applications (IKSMHA) Centre at IIT Mandi; Prof. Shubhajit Roy Chowdhury, Chair of the Centre for Human-Computer Interaction; and Prof. K. V. Uday, Chair of the Centre for Climate Change and Disaster Management.

Addressing the conference, Prof. Laxmidhar Behera, Director, IIT Mandi, highlighted the significance of behavioural and decision-making research in shaping the future of artificial intelligence, education, and sustainability.

ABSDM 2025 featured a distinguished keynote address by Prof. Joachim Meyer, Celia and Marcos Maus, highlighted the interface between humans and decision-support algorithms in critical fields such as healthcare, defence, and transportation. His empirical findings and models provided valuable insights into improving trust and effectiveness in algorithm-assisted decision-making.

The conference featured insightful discussions on interdisciplinary and application-driven themes such as behavioural interventions for environmental sustainability, real-world applications of drift diffusion models, etc. Over 30 research papers and poster presentations also showcased the depth of applied behavioural science research across areas including climate decision-making, cognitive biases, human–AI interaction, and organizational behaviour. With active engagement and cross-disciplinary collaboration, various roundtable and open house discussions examined how behavioural research can inform public policy, climate action, and technology design.

The conference concluded with a General Body Meeting, during which participants discussed the formation of a Society for Applied Behavioural Science and Decision Making to strengthen research, education, outreach, and plans for the next conference. ABSDM 2025 successfully brought together a multidisciplinary community of researchers working at the intersection of psychology, engineering, economics, and data science. With continued support from academic and research institutions, including IIT Mandi and Tata Trusts, the future of behavioural science and decision-making research in India looks promising. 

Also, as a similar initiative, IIT Mandi organized the 7th Winter School on Cognitive Modelling (WSCM 2025) under the aegis of the Indian Knowledge System and Mental Health Applications (IKSMHA) Centre supported by grants from the TATA Trusts and IKS division, Ministry of Education. The winter school served as a platform to bring together experts and students from diverse disciplines such as psychology, neuroscience, computer science, and engineering to explore the latest developments in cognitive modelling and brain sciences.

About IIT Mandi :

Indian Institutes of Technology Mandi is one of the top second-generation IITs located in Kamand Valley, Mandi district of Himachal Pradesh, India. It is one of eight new Indian Institutes of Technology (IITs) established by the Ministry of Human Resource Development, Government of India, and recognized as one of Institutes of National Importance. IIT Mandi’s permanent campus about 14 km (8.7 mi) from Mandi consists of the South and North campuses connected by a narrow neck. The South campus is on the left bank of the Uhl River below Kamand village. The North campus is along the Kataula Khad opposite Salgi village.

A transit campus at Government Post graduate College, Mandi was handed over by the Himachal Pradesh Government on 16 November 2009. The Kamand campus ground-breaking ceremony, to mark the start of construction, was held on 13 April 2012. On 25 April 2015, IIT Mandi became the first of all the new IITs to completely shift B. Tech students to its permanent campus in Kamand. Since its inception the institute has been involved with more than 275 Research and Development (R&D) projects worth more than ₹120 crore. In the past 10 years, the institute has signed Memorandum of Understanding (MoU) with as many as 11 international and 12 national universities.  

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India’s Self-Made Entrepreneurs Create ₹42 Lakh Crore in  Value in 2025 

India’s Self-Made Entrepreneurs 2025

India’s Self-Made Entrepreneurs Fuel Unprecedented Wealth  Creation 

India’s self-made entrepreneurs are significantly transforming the nation’s economic  landscape, with the total valuation of companies established by the top 200 self-made  founders soaring to an impressive ₹42 lakh crore ($469 billion) in 2025. This represents  a notable increase from ₹36 lakh crore ($431 billion) in the previous year, reflecting a  robust annual growth rate of 15 per cent. This remarkable rise not only underscores  escalating valuations but also highlights the increasing depth, resilience, and global  significance of India’s entrepreneurial ecosystem. 

Surge in Billion-Dollar Companies and Emerging Founders 

The number of billion-dollar businesses founded by these entrepreneurs has increased  to 128 from 121 last year, according to the “Self-made Entrepreneurs of the Millennia  2025” report published by IDFC FIRST Private in partnership with Hurun India. In  addition to 53 new companies overall, this edition has introduced 102 new founders  and welcomed 22 new companies into the billion-dollar club. The increase of ultra large corporations this year is particularly noteworthy; there are now five organizations valued at ₹1 lakh crore or more, up from just three in 2024. This shows how quickly  India’s most successful companies are growing. 

Startup Hubs Reflect Changing Entrepreneurial Trends

India’s prominent startup cities continue to play a pivotal role, albeit with shifting  dynamics. Bengaluru has maintained its status as the leading startup hub, housing 52  companies on the list, despite a decrease of 14 companies from last year. Mumbai has bolstered its position with 41 companies, adding five newcomers, while Gurugram  recorded 36 companies, also up by five. In terms of founder residences, Bengaluru  leads once again with 88 entrepreneurs, followed by Mumbai with 83 and New Delhi  with 52. Collectively, these three cities represent a significant portion of India’s top self made entrepreneurs, underscoring their ongoing importance in fostering high-growth  ventures. 

Financial Services and Technology Drive Sector Expansion 

In terms of sectors, financial services emerged as the leading category with 47  companies, highlighting India’s burgeoning fintech and financial innovation landscape.  Software and services followed closely with 28 companies, while healthcare (27) and  retail (20) also showcased strong representation, indicating widespread entrepreneurial  growth across essential and consumer-focused industries. Nearly 95 per cent of the  companies listed have secured external investments, illustrating the crucial role of  venture capital, private equity, and strategic funding in scaling businesses, while a small  yet notable number continue to thrive through bootstrapped models. 

New-Age Companies and Their Social Impact 

The report also emphasizes the contributions of newer ventures. Five companies  founded after 2020 are already collectively valued at ₹78,000 crore, showcasing how  rapidly new-age businesses can scale within India’s supportive ecosystem. Beyond  mere valuations, these companies are making significant contributions to employment  and workforce development. Employee benefits across the listed firms have increased  from ₹54,000 crore to ₹57,200 crore this year, reflecting a sustained commitment to  investing in human capital. 

Leading Founders and Enhanced Representation 

Deepinder Goyal is leading this year, with his company Eternal valued at ₹3.2 lakh crore,  up 27% from the previous year. With 20 female founders becoming some of India’s  most valuable self-made business leaders, the research also emphasises the  increasing number of female entrepreneurs. 

In conclusion, these results support India’s position as one of the most vibrant and  quickly expanding entrepreneurial ecosystems in the world, propelled by forward thinking founders dedicated to generating long-term value at scale.