India’s startup and business ecosystem continued to witness strong momentum on 29th August 2025, with fresh funding activity and major strategic moves shaping the landscape. From mobility and AI to late-stage venture funding, the day was marked by significant developments. While Vutto secured a $7 million Series A to strengthen its used two-wheeler marketplace, Elevation Capital unveiled a massive $400 million fund for IPO-bound startups. Meanwhile, Reliance joined forces with Google and Meta to foray deeper into AI, and Uniphore expanded its global AI automation capabilities through acquisitions.
Daily Indian Funding Roundup – 29th August 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Vutto | $7 Mn | Series A | Orios Venture Partners, Touchstone, Alteria, Trifecta | Used Two-Wheeler Marketplace |
Key Business News for 29th August 2025
Vutto raised $7 million in Series A
Vutto, a used two-wheeler marketplace, has raised $7 million in a Series A round led by Orios Venture Partners, with participation from Touchstone Partners, Alteria Capital, and Trifecta Capital. The funds will be used to expand its presence in existing cities, enhance technology offerings, and streamline financing options for buyers and sellers.
Elevation Capital Launches $400 Mn Late-Stage Fund for IPO-Bound Startups
Elevation Capital has announced the launch of a $400 million late-stage fund focused on investing in IPO-ready startups. With this fund, the venture capital firm aims to support high-growth companies preparing for public listings by providing capital to strengthen operations, scale aggressively, and enhance governance.
Reliance Launches AI Unit with Google and Meta as Partners
Reliance has launched a new artificial intelligence unit, bringing in Google and Meta as strategic partners. The initiative is aimed at developing AI-powered products and services for Indian users while also strengthening Reliance’s position in the fast-growing AI ecosystem. The move underscores Reliance’s ambition to dominate the digital and technology space in India.
Uniphore Acquires Orby AI and Autonom8
Uniphore, the conversational AI unicorn, has acquired Orby AI and Autonom8 to strengthen its AI automation and customer experience solutions. The acquisitions are expected to enhance Uniphore’s capabilities in intelligent automation, workflow orchestration, and enterprise AI adoption, enabling the company to serve global clients more efficiently.
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