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.
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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