PinSec.AI, the AI native wealth arm of Chennai based FPL Group, raised ₹5 crore from curated HNI investors. The company plans to launch a conversational AI advisory platform, followed by regulated portfolio management and digital wealth services, aiming for USD 1 billion in AUM by 2030. Its pitch: South India has HNI wealth and unmet tech first guidance needs.
Kabeer Biswas’ new venture M has secured ₹102 crore in a seed round led by Peak XV Partners, with major participation from Blume Ventures and fintech unicorn CRED. MCA filings show Peak XV led with ₹46.4 cr, Blume put in ₹37.1 cr, and CRED invested ₹18.6 cr. The startup has already raised ₹83.5 cr and plans to issue ~55K Series Seed CCPS to investors.
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Aman Gupta’s new venture, Offbeat Studios, has raised Rs 100 crore in seed funding led by Bessemer Venture Partners. The startup’s exact offerings aren’t public yet, but it’s expected to support early-stage ideas. The news comes alongside Boat delaying its IPO even after it returned to profit, raising questions about its next moves.
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