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Resolve AI secures $1 Bn valuation in Series A funding to automate site reliability engineering

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Mayank Agarwal & Spiros Xanthos, co-founders, Resolve AI

Resolve AI, a startup building an autonomous site reliability engineer (SRE) that automatically manages and maintains software systems, has raised a Series A funding round led by Lightspeed Venture Partners, according to three people familiar with the transaction.

The fresh round carries a headline valuation of $1 billion, sources said. However, the company’s blended valuation is lower due to a multi-tranched deal structure. Under this arrangement, investors bought part of the equity at a $1 billion valuation while acquiring the remaining portion—likely the larger share of the round—at a lower price. Notably, investors say this structure has recently gained traction among highly sought-after AI startups.

Meanwhile, two sources said Resolve AI’s annual recurring revenue (ARR) stands at roughly $4 million. However, the exact size of the funding round could not be determined. Resolve AI and Lightspeed Venture Partners did not respond to requests for comment.

Founded less than two years ago, Resolve AI is led by former Splunk executive Spiros Xanthos and Mayank Agarwal, who previously served as Splunk’s chief architect for observability. Importantly, the founders’ partnership spans more than two decades, dating back to their graduate studies at the University of Illinois Urbana-Champaign. This is not their first venture together; earlier, they co-founded Omnition, which Splunk acquired in 2019.

Traditionally, human SREs manually troubleshoot and resolve system failures. In contrast, Resolve AI automates this workflow by autonomously detecting, diagnosing, and fixing production issues in real time.

As software systems grow increasingly complex and distributed across cloud environments, companies continue to struggle with hiring and retaining skilled SRE talent. Consequently, automating reliability engineering tasks helps reduce downtime, cut operational costs, and allow engineering teams to focus on building new features instead of constantly responding to production incidents.

Previously, in October, Resolve AI raised a $35 million seed round led by Greylock, with participation from World Labs founder Fei-Fei Li and Google DeepMind scientist Jeff Dean.

Flipkart acquires majority stake in Minivet AI to boost generative AI–led e-commerce

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Flipkart has acquired a majority stake in Minivet AI, an artificial intelligence startup specialising in e-commerce video generation, as India’s largest homegrown online marketplace accelerates its push toward generative AI–led shopping experiences.

At the same time, e-commerce platforms across the industry are rapidly adapting to changing consumer behaviour that increasingly favours visual, conversational, and AI-assisted product discovery. Although the companies did not disclose the financial details, the transaction remains subject to customary closing conditions.

Founded in 2024, Minivet AI develops technology that transforms static product catalogues into short-form videos, a capability that has become increasingly vital as online retail draws inspiration from social media platforms such as Instagram and YouTube. According to the company, its platform uses advanced model orchestration and performance optimisation to deliver video content at significantly lower costs than traditional production processes.

In parallel, Minivet continues to build AI-driven features such as semantic search and conversational interfaces to enhance how shoppers discover, explore, and engage with products. Ultimately, the company aims to support the transition toward visual-first and AI-powered commerce, where browsing mirrors social media-style feeds rather than text-heavy listings.

Meanwhile, Flipkart stated that the acquisition will allow it to embed core generative AI capabilities directly into its platform, including catalogue videofication, semantic search, and conversational shopping tools. Consequently, these enhancements will drive stronger customer engagement and higher conversion rates as e-commerce becomes more immersive and interactive.

Commenting on the deal, Ravi Iyer, Senior Vice President for Corporate Development at Flipkart, said, “Acquiring Minivet AI is a strategic investment that strengthens Flipkart’s core GenAI capabilities,” while adding that visual-first commerce is emerging as a defining trend for the industry.

For Minivet AI, the transaction opens the door to deploying its technology at scale across one of India’s largest digital commerce ecosystems. Founder Aditya Rachakonda noted that the partnership will accelerate the rollout of generative video and conversational search capabilities to millions of users.

Notably, in September, Flipkart acquired a majority stake in Pinkvilla India, a Mumbai-based digital content platform, as part of a broader strategy to expand its content ecosystem and deepen engagement with younger consumers, particularly Gen Z and millennials. As with the Minivet transaction, the companies did not disclose financial terms, and the deal remains subject to customary closing conditions.

Krafton, Naver and Mirae Asset bet big on India with ₹6,000-Cr investment fund

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South Korean gaming major Krafton, best known for Battlegrounds Mobile India (BGMI), has unveiled a new India-focused technology investment fund in collaboration with Naver and Mirae Asset, targeting a corpus of up to Rs 6,000 crore.

Named the Unicorn Growth Fund, the investment vehicle places India at the centre of its Asia strategy and, consequently, signals Krafton’s intent to deepen its presence beyond gaming into broader technology and innovation sectors.

According to the company, the fund is scheduled to commence operations in January 2026.

Moreover, the announcement builds on Krafton’s strong and growing footprint in India, where the company has invested more than $200 million across gaming and digital startups since 2021. Its Indian portfolio includes hyperlocal community platform Shuru, fintech player Cashfree Payments, and game studio Nautilus Mobile, in which Krafton acquired a controlling stake. In parallel, Battlegrounds Mobile India has further consolidated the company’s market position, registering hundreds of millions of downloads and playing a pivotal role in the expansion of India’s mobile gaming ecosystem.

In addition, Krafton’s broader investment journey in India dates back to August 2023, when the company committed to deploying $150 million into Indian gaming and entertainment startups over a two- to three-year period. At that time, the company prioritised early-stage studios, esports platforms, multimedia content ventures, and allied segments.

Before that, between March 2021 and mid-2023, the company invested approximately $140 million across 11 Indian startups, including Nodwin Gaming, Loco, Kuku FM, and Pratilipi.

With the launch of the new fund, Krafton is now expanding its investment focus to technology companies with scalable innovation potential. Furthermore, the partnership combines NAVER’s platform and content expertise with Mirae Asset’s capital management strengths to create a structured investment vehicle aimed at supporting India’s technology ecosystem and advancing Krafton’s long-term strategic objectives in the country.

AM Hotel Kollection expands Gurugram presence with launch of second Foxtrail property

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AM Hotel Kollection has announced the opening of its second Foxtrail hotel in Gurugram, thereby reinforcing the brand’s focus on delivering thoughtfully curated hospitality experiences in some of India’s most vibrant urban destinations.

The new property is strategically located on Golf Course Extension Road and will operate under a long-term hotel management agreement with AM Hotel Kollection, which is widely recognized for its portfolio of distinctive, independent boutique hotels and resorts.

Furthermore, the addition of this hotel strengthens the brand’s footprint across Delhi-NCR. It complements the existing Foxtrail–AM Hotel Kollection in Sector 42, Gurugram, reflects the asset owner’s growing presence in the hospitality sector, and reaffirms LaRiSa’s commitment to expanding in the upscale business-hotel segment across the region.

Commenting on the expansion, Vijay Kalra, a spokesperson from the asset owner’s family, said, “We are delighted to expand our presence in Gurugram with this second property. Our journey in hospitality has always been driven by a desire to create memorable guest experiences. Partnering again with AM Hotel Kollection ensures our vision is executed with excellence and consistency.”

Meanwhile, Priya Thakur, Director at LaRiSa Hotels and Resorts, highlighted the continued collaboration, saying, “We are excited to continue our partnership with the Kalra family and bring another Foxtrail-AM Hotel Kollection experience to Gurugram. Gurugram is a vibrant location, and this hotel will reflect our brand’s philosophy of thoughtful and warm hospitality.”

In addition, the new Foxtrail–AM Hotel Kollection hotel will offer 42 premium rooms and suites, a signature restaurant, a rooftop bar, and versatile event spaces. Consequently, the property aims to cater effectively to both business and leisure travelers in Gurugram’s rapidly evolving hospitality landscape.

Team Marksmen Network’s DEI Symposium 2025 redefines inclusion, powers progress

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The DEI Symposium 2025, organised by Team Marksmen Network, successfully concluded on December 10, 2025, in Mumbai, marking a decisive shift in India’s corporate diversity narrative, from compliance-driven conversations to DEI as a strategic business imperative. Against the backdrop of India’s evolving growth story, the forum underscored how inclusivity is increasingly shaping innovation, leadership agendas, and long-term organisational performance.

Anchored in the theme “Redefining Inclusion, Powering Progress,” the inaugural symposium emerged as a critical platform for translating intent into impact. Moving beyond symbolic gestures, the discussions focused on data-backed frameworks, accountability, and measurable outcomes. A defining highlight of the event was the unveiling of the DEI 100, India’s first structured ranking of organisations leading in diversity, equity, and inclusion, developed in partnership with EY.

The day featured profound insights from a distinguished lineup of speakers who navigated complex themes ranging from ESG integration to regional diversity. The CEO Panel, titled “From Inclusion to Influence,” set a strategic tone by exploring how India’s leading companies are embedding DEI into their brand and growth strategies. Leaders like Vishal Sharma of Godrej Industries, Manish Jain of Cilicant, Sachin Seth of CRIF, Kartik Nagarajan of Datamatics Business Solutions, and Feroze Azeez of Anand Rathi Wealth, all of whom shared how inclusive practices are becoming central to investor confidence and customer loyalty. The discussion was steered by Dr. Ritu Anand, Former Chief Leadership & Diversity Officer, TCS.

Further discussions examined the geopolitical and workforce shifts reshaping corporate DEI priorities, featuring perspectives from Kinjal Choudhary of Cadila Pharmaceuticals, Shivani Negi of Tata Realty, Chetana Patnaik of LTIMindtree, Umar Ali Shaikh, CEO of Atos Solutions and Systems, Rupali Veerkar of NTT Global Data Centers, Renu Jethani of Sutherland, Maira Q of Godrej Capital, Prachi Katiyar of Datamatics, Nishtha Nishant of The LaLiT Suri Hospitality Group, and Alpana Dutta from EY.

A defining moment of the evening, attended by over 150 senior leaders and featuring 35+ distinguished speakers, was the unveiling of the DEI 100, a groundbreaking initiative developed in collaboration with EY. This first-of-its-kind structured ranking recognized organizations that have demonstrated exceptional commitment to fostering diverse and equitable environments.

Rishi Kapoor, CEO, Team Marksmen Network, encapsulated the significance of this launch, stating, “DEI is no longer peripheral to organisational strategy. It is integral to organisational growth and success. We are gathered for a pivotal moment; the unveiling of the DEI 100, India’s first-ever structured ranking of top Diversity, Equity, & Inclusion (DEI) leading organizations. We believe this will be a gamechanger.”

The ceremony celebrated a vanguard of organizations that have set new benchmarks for the industry. The inaugural class of the DEI 100 included industry heavyweights and innovators such as

* Wipro Limited

* Godrej Properties

* Eaton

* Godrej Capital Limited

* The LaLiT Suri Hospitality Group

* LTIMindtree

* Sonepar India Private Limited

* Sutherland

* Luminous Power Technologies Ltd

* SMFG India Credit Co. Ltd.

* Firstsource Solutions

* Sterlite Copper, Vedanta Limited

* Shriram Properties Limited

* Birlasoft Limited

* Infra.Market

* Raymond Realty

* ACG

* NTT Global Data Centers

* India Factoring and Finance Solution Pvt Ltd

* Datamatics Global Services Limited

* Shapoorji Pallonji Energy Private Limited

* JSW Group

* Avanse Financial Services

* BDO RISE Private Limited

* CILICANT

* Zydus Lifesciences Limited

* CERA Sanitaryware Limited

Click here to view the DEI 100 rankings

The event concluded by celebrating the collective impact of these organizations. It successfully showcased that true leadership in the modern era is defined by the ability to build resilient, “rainforest” cultures where every individual is empowered to contribute. As these leaders return to their organizations, they carry with them not just a recognition but a mandate to continue championing the transformative power of human diversity.

Alimento Agro Foods raises Rs 52-Cr in Series A funding

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BRL Editor
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Mugdha & Prateek Bhagchandka, co-founders, Alimento Agro Foods

Alimento Agro Foods Pvt Ltd has secured Rs 52 crore in a Series A funding round led by IvyCap Ventures, marking a significant milestone in its growth journey.

With this fresh capital, the company intends to expand its manufacturing capacity, strengthen its distribution network across India, and accelerate product development for its brands, MOM Meal of the Moment and Gimi Gimi.

Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento operates in the packaged and convenience food space. While MOM Meal of the Moment targets the instant meals and snacks category, Gimi Gimi positions itself as a Korean-style noodle brand that caters to rising demand for global flavours among Indian consumers.

According to the company, the funding will enable it to scale operations and broaden market reach for both brands as they compete in increasingly crowded food segments.

Prateek Bhagchandka, Founder and CEO and Mugdha Bhagchandka, Co-founder and COO of Alimento Agro Foods, said, “We are excited to welcome IvyCap Ventures as partners in our journey. This Series A investment comes at a pivotal time as MOM and Gimi Gimi are gaining strong traction. The capital will enable us to scale manufacturing, enhance distribution, and accelerate innovation across both brands. Our long-term vision is to build Alimento into a house of culturally relevant, consumer-loved food brands that deliver delight with every experience. IvyCap’s trust in our mission further strengthens our resolve to shape the future of flavour-forward Indian food brands.”

Explaining the rationale behind the investment, Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, said that Alimento’s strong product positioning and early market traction drove the firm’s decision. IvyCap has previously invested in a range of consumer and technology-led businesses across sectors.

Currently, Alimento Agro Foods operates as an FMCG company with a focus on ready-to-eat and convenience food products. With this Series A round, the company joins a growing cohort of Indian food startups aiming to scale branded offerings amid increasing demand for packaged foods and shifting consumer preferences.

Swedish AI startup Lovable raises $330 Mn Series B at $6.6 Bn valuation

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BRL Editor
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Anton Osika, CEO, Lovable

Swedish vibe-coding startup Lovable has more than tripled its valuation within just five months, underscoring investor confidence in its rapid growth.

Stockholm-based Lovable announced on Thursday that it raised $330 million in a Series B funding round led by CapitalG and Menlo Ventures, achieving a valuation of $6.6 billion. Additionally, Khosla Ventures, Salesforce Ventures, and Databricks Ventures participated alongside other investors.

Notably, the latest round followed closely on the heels of a $200 million Series A raise in July, which valued the company at $1.8 billion, highlighting the speed at which its valuation has expanded.

Among the earliest startups to capitalize on the AI boom, Lovable developed a “vibe-coding” platform that enables users to generate code and build complete applications using text prompts. Since launching in 2024, the company has scaled at exceptional speed: it crossed $100 million in ARR within eight months and, just four months later, doubled that figure to exceed $200 million in annual recurring revenue.

Meanwhile, Lovable counts major software companies such as Klarna, Uber, and Zendesk among its customers. The company also reports that users create more than 100,000 new projects on its platform every day and built over 25 million projects during its first year of operations.

Looking ahead, Lovable plans to deploy the new capital to deepen integrations with third-party applications, expand enterprise-focused capabilities, and strengthen its core infrastructure. Specifically, the company aims to enhance offerings such as databases, payments, and hosting to support the development of full-scale applications and services.

Speaking onstage at this year’s Slush conference in Helsinki, Finland, Lovable co-founder and CEO Anton Osika attributed the company’s ability to scale to his decision to reject investor pressure to relocate to Silicon Valley. “It was tempting, but I really resisted that,” Osika said at the November conference. “I [can] sit here now and say, ‘Look, guys, you can build a global AI company from this country.’ There is more available talent if you have a strong mission, and you have a lot of urgency coming together as a group and working.”

However, in November, the company faced scrutiny over not paying VAT, a tax applicable to most goods and services across the European Union. Osika confirmed the lapse in a LinkedIn post, stating that Lovable would resolve the issue, while also disabling comments that argued such taxes discourage high-growth startups from operating in the EU.

At the same time, vibe coding remains a major focus area for venture capital investors. For instance, Cursor, another prominent player in the space, raised $2.3 billion in November at a $29.3 billion valuation. Similarly to Lovable, Cursor completed its second funding round of the year, with its valuation doubling between June and November.

Elan Group strengthens Gurugram presence through ₹1,600-Cr luxury housing plan

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BRL Editor
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NCR-based developer Elan Group announced that it will invest ₹1,600 crore to develop an ultra-luxury residential project in Gurugram.

Located in Sector 49, Gurugram, the project will span six acres. In the first phase, the development will feature 230 four-bedroom residences across five towers, with unit sizes ranging between approximately 4,300 and 4,500 square feet.

However, the developer has not yet disclosed the project’s expected sales potential or completion timeline.

“The firm is in the process of finalizing a construction partner for the contract,” they added. Elan confirmed that London-based architectural firm Benoy has designed the project. While the company has not clarified the targeted price points, it stated that the high-value residences will deliver design-led and experience-driven living.

The project sits along Sohna Road and offers connectivity to Golf Course Extension Road and Southern Peripheral Road, both of which rank among Gurugram’s premium real estate micro-markets.

“Over the last three years, property values in the region have risen by nearly 74 percent, while rental values have grown close to 50 percent, highlighting rising demand and strong long-term appreciation potential,” the developer said.

Additionally, Elan stated that upcoming metro expansion and improved road infrastructure will further enhance the area’s appeal for luxury homebuyers. Commenting on the location, Vineet Dawar, President – Sales and Strategy at Elan Group, said Sector 49 is emerging as one of Gurugram’s most promising and well-developed growth corridors, supported by strong infrastructure readiness, thriving commercial hubs, and evolving lifestyle preferences.

“The potential of this location is undeniable, and a development of this stature is precisely what the market here is ready for,” he added.

With this project, Elan Group aims to deepen its presence in the Gurugram real estate market. This announcement follows the company’s earlier plan to invest nearly ₹3,000 crore in another ultra-luxury housing project along the Dwarka Expressway in Gurugram. Currently, Elan Group holds a portfolio of 15 projects across Gurugram and New Delhi, with a cumulative built-up area of around 25 million square feet.

ALIVAA Hotels & Resorts strengthens Gurugram presence with The Hoften Enkay Residency

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Mr. Vikramjit Singh, Founder of ALIVAA Hotels & Resorts

ALIVAA Hotels & Resorts has announced the strategic addition of The Hoften–Enkay Residency at DLF Galleria, Gurugram, thereby further strengthening its expanding footprint in one of India’s most prominent corporate and financial hubs. With this development, the company now operates four properties under The Hoften brand in Gurugram, in addition to its flagship ALIVAA hotel in the city.

Gurugram, widely known as the Millennium City, continues to function as the financial and technology engine of the National Capital Region. The city houses the headquarters of multiple Fortune 500 companies, a thriving startup ecosystem, and large convention and exhibition centres, which together drive sustained demand for high-quality business and extended-stay accommodation. Consequently, this strong corporate concentration positions Gurugram as a core market within ALIVAA Hotels & Resorts’ long-term expansion strategy.

The newly inducted property will operate under The Hoften brand, which specifically caters to corporate travellers and extended-stay guests through contemporary design, efficient room layouts, and strategic business-centric locations. Moreover, the brand emphasises essential comforts, smart functionality, and seamless service delivery, ensuring a convenient and stress-free stay for professionals travelling to high-demand urban destinations.

Commenting on the expansion, Akash Bhatia, CEO of ALIVAA Hotels & Resorts (Managed & Franchise Business), said, “The Hoften-Enkay Residency is a perfect fit for our expanding mid-market portfolio and our deep commitment to the Gurugram market. With this property, we will now operate four successful The Hoften hotels, along with an ALIVAA flagship, in this critical hub. This growth reflects our ability to meet strong corporate demand through consistent quality and value under The Hoften brand.”

Highlighting the group’s long-term vision, Vikramjit Singh, Founder of ALIVAA Hotels & Resorts, stated, “Our strategy is to build market leadership in high-demand urban centres, and Gurugram remains central to that plan. This partnership marks the beginning of our relationship with the Enkay Group, and we look forward to developing many more properties together. This expansion further strengthens ALIVAA’s position in the National Capital Region and reinforces our role as a preferred hospitality partner for property owners.”

Expressing confidence in the collaboration, Pavan Kohli, owner of Enkay Residency, said, “We are delighted to partner with ALIVAA Hotels & Resorts for their Hoften brand. We strongly believe that their distribution strength and operational expertise will help unlock the full potential of Enkay Residency and deliver strong returns.”

With this latest addition, ALIVAA Hotels & Resorts continues to sharpen its focus on corporate-driven destinations while offering scalable, brand-led hospitality solutions aligned with the evolving needs of India’s business travel market.

Nothing raises over $8 Mn in community investment round

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BRL Editor
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Carl Pei, CEO, Nothing

Consumer technology company Nothing has concluded its latest community investment round, raising over USD 8 million and adding more than 5,000 new investors from across 80+ countries.

Through this round, the company enabled community members to invest at a valuation of USD 1.3 billion.

According to the company, investor participation surpassed internal expectations, especially after early access opened on December 10. Subsequently, public access began a day later via crowdfunding platforms Crowdcube and Wefunder.

As a result of this raise, Nothing’s global community now comprises nearly 13,000 investors. Collectively, these backers have invested more than USD 16 million in the company since the launch of its community funding initiative.

Moreover, the company stated that it will deploy the fresh capital to accelerate the development of hardware built to support AI-native operating systems and devices, which it plans to launch in 2026.

Carl Pei, CEO and founder of Nothing, said, “From the very beginning, we set out to build a global tech company rooted in openness, creativity, and collaboration. This investment round wasn’t just about raising money; it was driven by our commitment to our community and bringing them on this journey with us.”

Notably, the community-led round follows a significantly larger institutional fundraising effort earlier in the year. In September 2025, Nothing raised USD 200 million in a Series C round backed by investors including Tiger Global, GV, Highland Europe, EQT, and Qualcomm Ventures.

Founded in 2020, Nothing has steadily built a product portfolio spanning smartphones and wireless earbuds. The company entered the smartphone segment in 2022 and is now gearing up to unveil its first AI-native devices next year.

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