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Fintech startup Mysa raises $3.4 Mn to strengthen AI capabilities & expand its banking-led products

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Arpita Kapoor and Mohit Rangaraju, co-founders, Mysa

Bengaluru-based fintech startup Mysa has raised USD 3.4 million in a pre-Series A funding round, co-led by Blume Ventures and Piper Serica. Additionally, Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund also participated in the round.

With this raise, Mysa’s total funding has now reached USD 6.2 million. Earlier, in February 2025, the startup had secured USD 2.8 million in a seed round led by Blume Ventures, laying the foundation for its current scale-up phase.

Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa operates as a B2B fintech platform focused on modernising finance and banking operations for mid-sized businesses. Specifically, the startup offers a unified system that automates accounts payable, invoice processing through its Smart Scan feature, vendor payments, expense management, and AI-driven accounting reconciliation.

Moreover, the platform integrates seamlessly with existing ERP systems and bank accounts, thereby reducing manual effort and operational risk. According to the startup, Mysa improves financial control and auditability while cutting losses caused by inefficiencies, fraud, and tax leakages. Its product suite spans vendor management, GST input tax credit verification, multi-bank payment operations, and end-to-end expense workflows, catering to India’s rapidly expanding mid-market segment.

“Finance teams today are expected to move faster while managing more complexity, but the underlying infrastructure hasn’t evolved,” said Arpita Kapoor, co-founder and CEO of Mysa. She added, “We’re building an AI-driven automation platform that plugs seamlessly into legacy ERPs and banks, enabling teams to scale without adding operational risk—at zero upfront cost and with no migration required.”

Furthermore, the company plans to deploy the fresh capital to strengthen its AI capabilities and expand banking-led products. As part of this roadmap, Mysa will roll out AI-enabled procurement tools, UPI-based expense management, and a corporate credit card offering. At the same time, the startup intends to explore embedded financing opportunities by leveraging its vendor network while also deepening bank partnerships and scaling distribution across India.

Notably, in less than a year since its public launch, Mysa claims to have processed over INR 1,500 crore in annualised transaction volume, facilitating payments to more than 40,000 bank accounts nationwide.

In addition, the startup reports that it has integrated with over 15 banks, including Axis Bank, YES Bank, IDFC First Bank, ICICI Bank, and HDFC Bank.

Currently, companies across commerce, manufacturing, hospitality, fintech, and real estate use Mysa’s platform. Its client roster includes Dhan, Wint Wealth, DrinkPrime, and Material Depot, reflecting broad adoption across industries.

Mysa’s latest funding round underscores growing investor confidence in AI-driven financial automation for India’s mid-market businesses. As the startup deepens its banking integrations, expands product offerings, and explores embedded finance, it appears well positioned to play a significant role in modernising enterprise finance operations at scale.

Suba Hotels strengthens presence in tier II and III cities with asset-light strategy

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Suba Hotels Limited, ranked as India’s ninth-largest hotel chain, is actively strengthening its footprint in the hospitality sector by expanding through a capital-efficient, asset-light model. At the same time, the company maintains a diversified portfolio across upscale, midscale, and economy segments, while placing strong emphasis on Tier II and Tier III cities, which currently account for around 81% of its properties.

As of December 15, 2025, Suba Hotels operates 97 hotels with 4,517 keys across more than 50 cities in India. In addition, the company plans to add 901 keys to its portfolio, which will result in nearly 20% capacity expansion upon completion.

Following its IPO, Suba Hotels has accelerated expansion under an asset-light strategy, thereby improving cost efficiency and operating margins. Moreover, the company continues to maintain a balanced portfolio spanning pilgrimage destinations, commercial centers, and business hubs, ensuring resilience across demand cycles.

Looking ahead, the company’s strategic roadmap focuses on strengthening its presence in religious tourism markets, including Ayodhya, Ujjain, and Vindhyachal. Simultaneously, Suba Hotels plans to scale further through lease-based and revenue-sharing structures while also exploring international expansion by establishing operations in Dubai.

Furthermore, the management continues to emphasize the importance of leveraging strong domestic travel demand, ongoing infrastructure development, and a diversified customer mix to support future growth and margin stability.

Suba Hotels Limited is positioning itself for sustained, scalable growth by combining asset-light expansion, regional diversification, and strategic market selection. As domestic travel strengthens and new geographies open up, the company appears well placed to enhance profitability while expanding its footprint in both Indian and international hospitality markets.

WeWork India turns profitable, posts Rs 17-Cr profit in December quarter

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Karan Virwani, Managing Director & CEO of WeWork India

Realty firm WeWork India on Tuesday reported a consolidated net profit of Rs 16.78 crore in the third quarter of the current fiscal year, driven by higher revenue.

In contrast, the company had recorded a net loss of Rs 83.11 crore in the same quarter last year, highlighting a sharp year-on-year turnaround.

According to a regulatory filing, total income increased to Rs 643.81 crore during the October–December period, compared with Rs 508.37 crore in the corresponding quarter of the previous fiscal.

However, on a cumulative basis, WeWork India reported a net profit of Rs 9.04 crore in the first nine months of this fiscal year, down from Rs 91.45 crore in the year-ago period.

Meanwhile, total income for the April–December period rose to Rs 1,775.07 crore, up from Rs 1,469.13 crore in the corresponding period of the previous year, reflecting steady topline expansion.

Established in 2017, WeWork India operates across eight cities—Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad. Currently, the company runs 73 operational centres, collectively covering 8.2 million square feet of area.

Commenting on the performance, Karan Virwani, Managing Director & CEO of WeWork India, said the company’s focus continues to remain on profitable growth, technology-led differentiation, and sustainable portfolio expansion.

“With a robust supply pipeline, diversified enterprise client base, and improving unit economics, WeWork India is well-positioned to sustain growth momentum and continue delivering long-term value to its stakeholders,” he added.

Notably, during the 2024–25 fiscal year, the company posted a net profit of Rs 128.18 crore on revenue of Rs 2,024 crore, reinforcing its improving financial trajectory.

WeWork India’s return to quarterly profitability, coupled with consistent revenue growth and operational scale, signals strengthening fundamentals. As the company sharpens its focus on efficiency, technology, and portfolio expansion, it appears well placed to sustain long-term, profitable growth in India’s evolving flexible workspace market.

AI chip startup Ricursive Intelligence hits $4 Bn valuation

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Azalia Mirhoseini & Anna Goldie, co-founders, Ricursive Intelligence

Ricursive Intelligence, a startup focused on building an AI system that designs and automatically improves AI chips, has raised $300 million at a $4 billion valuation, marking a major early-stage funding milestone. The company confirmed that Lightspeed led the round, underscoring strong investor confidence in its ambitious vision.

According to the company, Ricursive is developing a system that can create its own silicon substrate layer and rapidly accelerate AI chip improvements. Consequently, the founders believe this continuous, self-improving loop could eventually push the system toward artificial general intelligence (AGI).

Notably, this Series A round closed just two months after Ricursive formally launched, following a seed investment led by Sequoia. As a result, the startup has now raised $335 million in total funding, according to reports.

Ricursive Anna Goldie (CEO) and Azalia Mirhoseini (CTO), both former Google researchers, founded the company to commercialize their cutting-edge research. Importantly, their work on a novel reinforcement learning method for designing chip layouts—known as AlphaChip—has already powered four generations of Google’s TPU chips, according to the startup.

In addition to Lightspeed, the funding round also attracted prominent investors such as DST Global, Nvidia’s venture capital arm NVentures, Felicis Ventures, 49 Palms Ventures, and Radical AI, further strengthening Ricursive’s strategic backing.

Meanwhile, these two companies are not alone in pursuing this emerging category. As previously reported, Naveen Rao’s AI hardware startup, Unconventional AI, is also developing an intelligent substrate. In December, the company raised a $475 million seed round at a $4.5 billion valuation, with Andreessen Horowitz and Lightspeed Ventures leading the round, alongside Lux Capital and DCVC.

Ricursive Intelligence’s rapid fundraising and bold technological roadmap highlight growing investor conviction in AI systems that design and improve their own hardware. As multiple well-funded startups converge on this self-improving AI paradigm, the race to redefine chip design and push the boundaries of AI capability is clearly accelerating.

Healthcare startup Nivaan Care raises $7 Mn in funding to strengthen clinical & operational infrastructure

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Nivesh Khandelwal and Vishwas Singh, co-founders, Nivaan Care

Single-specialty interventional pain management chain Nivaan Care has raised USD 7 million in a Series A funding round led by Sorin Investments, marking a key milestone in its growth journey.

Additionally, existing investors W Health Ventures, Endiya Partners, and Rebright Partners also participated in the round, reaffirming their confidence in the company’s model and execution.

With this fresh capital, the Delhi-based health-tech startup plans to expand its clinic network across multiple Indian cities. At the same time, the company aims to strengthen its clinical and operational infrastructure and further develop minimally invasive pain management procedures.

This round follows Nivaan Care’s USD 4.25 million seed funding raised in February 2025, which Endiya Partners led with participation from W Health Ventures. Together, these investments significantly enhance the company’s ability to scale its specialized care delivery model.

Founded in 2023 by Nivesh Khandelwal and Vishwas Singh, Nivaan Care focuses on non-surgical and minimally invasive treatments for chronic pain. The startup operates single-specialty clinics that address conditions such as back, knee, and neck pain through a multidisciplinary care model.

Notably, Nivaan Care brings together pain physicians, physiotherapists, psychologists, nutritionists, and care coordinators, who collaborate to deliver personalized treatment plans. Currently, the company operates clinics across Delhi-NCR and Mumbai, while also serving satellite markets such as Jaipur and Lucknow.

According to the startup, it has already completed over 40,000 patient consultations and performed around 5,000 minimally invasive procedures. Moreover, a significant proportion of patients have reported noticeable pain reduction and improved daily functioning following treatment.

“Chronic pain affects nearly one in five adults in India, yet care delivery remains fragmented, often oscillating between basic physiotherapy and invasive surgery,” said Nivesh Khandelwal, co-founder and CEO of Nivaan Care. He added, “At Nivaan, we are building a dedicated, evidence-led middle layer of care that focuses on minimally invasive interventions, such as radiofrequency ablation and platelet-rich plasma therapy, delivered through a multidisciplinary model.”

Meanwhile, Vishwas Singh, co-founder and COO, emphasized operational rigor as the company scales. “As we scale, our focus is on execution excellence, strong operating systems, and seamless patient journeys across locations,” he said, while also noting that the company plans to enter new markets, including Bengaluru.

Importantly, the founding team brings deep experience in scaling healthcare and consumer-focused businesses. Previously, Khandelwal served as chief operating officer at Ridge IVF, while Singh held leadership roles at Tata 1mg and Shuttl, equipping them with operational and consumer-tech expertise.

Overall, Nivaan Care’s latest funding round positions it strongly to address India’s growing chronic pain burden through specialized, minimally invasive, and evidence-led care. As the company expands into new cities and refines its operating model, it aims to emerge as a leading national platform in interventional pain management.

DLF to enter senior living segment with Rs 2,000-Cr project in Gurugram

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Ashok Tyagi, Managing Director, DLF

Real estate major DLF Ltd. announced that it will launch a senior living housing project in Gurugram during the current quarter, with an estimated revenue potential of around Rs 2,000 crore, as part of its broader expansion strategy. With this planned launch, India’s largest real estate developer will formally enter the senior living housing segment.

During a conference call with analysts, DLF Ltd. Managing Director Ashok Tyagi stated that housing demand in Gurugram, the company’s core market, continues to remain strong. Moreover, he highlighted that demand remains particularly resilient for credible and established developers.

Despite softer sales performance in the December quarter, Tyagi expressed confidence in the company’s ability to achieve its annual targets. “We stay confident to meet the original sales bookings guidance,” Tyagi told analysts. He further confirmed that the company will soon launch the senior living project in Gurugram, which carries an estimated sales value of Rs 2,000 crore.

Later in the year, DLF Ltd also plans to introduce additional projects across Gurugram, Mumbai, Panchkula, and Goa, thereby strengthening its residential portfolio across key domestic markets.

Meanwhile, DLF Ltd reported a 16 percent decline in sales bookings to Rs 16,176 crore during the first nine months of the current fiscal year, compared to Rs 19,187 crore in the corresponding year-ago period. However, during the 2024–25 financial year, the company achieved a record-high sales booking of Rs 21,223 crore, underscoring the underlying strength of its business.

DLF Group primarily operates in the development and sale of residential properties, which constitutes its Development Business, and in the development and leasing of commercial and retail assets, which forms its Annuity Business. To date, the group has developed more than 185 real estate projects, covering a total area exceeding 352 million square feet.

With the upcoming senior living project and a robust pipeline across multiple cities, DLF Ltd continues to reinforce its long-term growth strategy. By diversifying into emerging residential segments while leveraging its strong brand credibility and execution capabilities, the company aims to sustain leadership across India’s evolving real estate landscape.

Proptech firm PropertyPistol raises ₹25-Cr in pre-Series B funding to expand Dubai and NCR real estate operations

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Ashish Narain Agarwal, Founder and Managing Director, PropertyPistol

PropertyPistol, a rapidly scaling, technology-enabled real estate transaction and distribution platform, has raised ₹25 crore in a Pre-Series B funding round led by prominent equity investor Ashish Kacholia, with continued participation from existing investors.

Notably, this investment underscores strong institutional confidence in PropertyPistol’s differentiated business model, disciplined execution, and long-term leadership potential within the real estate distribution ecosystem.

The newly raised capital will drive PropertyPistol’s expansion into the Dubai real estate market, thereby strengthening developer partnerships and enabling deeper cross-border investment participation. At the same time, the company will enhance market penetration and operational capabilities across the Delhi-NCR region, one of India’s most active residential property markets.

Additionally, PropertyPistol will accelerate the expansion of its syndication-led distribution network and advance its technology stack to deliver greater transparency, richer data intelligence, and improved transaction efficiency for customers, developers, and channel partners.

Commenting on the development, Ashish Narain Agarwal, Founder and Managing Director, PropertyPistol, stated, “The fundraise serves as a strategic accelerator aligned with our ambition to build a future-ready, scalable, and high-governance distribution platform. Our syndication model, powered by intelligent technology, is reshaping real estate distribution and unlocking structured value for all stakeholders. Dubai continues to dominate global property investments, and NCR represents India’s strongest demand engine; therefore, strengthening both markets forms the backbone of our growth architecture.”

He further added, “The industry is entering a consolidation-led era where scale, transparency, and technology capability will determine category leadership. This capital empowers us to enhance partner collaboration, invest in automation frameworks, and build a highly efficient transaction ecosystem designed for sustainable growth.”

Speaking on the investment, Ashish Kacholia, Lead Investor, noted, “PropertyPistol has demonstrated strong execution discipline, scalability, and a distinctive operating model capable of capturing high-value opportunities across both domestic and international markets. The syndication network combined with technology-led enablement positions the company to scale profitably and competitively.”

With this investment, PropertyPistol now positions itself to build a robust cross-border real estate distribution corridor. Consequently, the company aims to consolidate its market leadership across premium domestic clusters and global transaction hubs.

Brookfield Properties unveils The Nutcracker at Downtown Powai

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Brookfield Properties has announced the launch of The Nutcracker Downtown Powai, thereby reinforcing its vision of curating high-quality, experience-led food and beverage destinations across Mumbai. Moreover, the launch adds a significant marquee brand to Downtown Powai’s expanding dining portfolio, positioning the development as a dynamic social and lifestyle hub for the surrounding community.

Spanning over 100 seats, the outlet stands as The Nutcracker’s largest location in the city and delivers an expansive, immersive all-day dining experience. Furthermore, the restaurant seamlessly transitions from breakfast and brunch service to evening cocktails and dinners while introducing an exclusive cocktail menu, a stylish bar setting, and a refreshed interpretation of the brand’s well-known comfort food philosophy, according to the release.

Reflecting The Nutcracker’s signature design language, the Downtown Powai outlet blends earthy, natural textures with bold statement elements such as oversized lamps, rope-suspended swings, and a striking central metal light installation. Additionally, the open-air, pet-friendly section features abundant greenery and natural light, creating an ideal setting for sunny breakfasts and relaxed gatherings, complemented by playful touches including comic books and a foosball table.

Commenting on the launch, Nitin Bir, Vice President – Retail Leasing, Brookfield Properties, said, “At Brookfield Properties, our focus is on building destinations that go beyond commercial spaces to become vibrant lifestyle hubs. The Nutcracker’s entry at Downtown Powai aligns perfectly with our vision of curating best-in-class F&B experiences that resonate with the city’s evolving consumer preferences. This launch further reinforces Downtown Powai’s positioning as a go-to dining and social destination in Mumbai.”

Speaking about the launch, founder Annie Bafna said, “Powai gave us the opportunity to create our largest and most immersive space yet, one that stays true to our comfort-first philosophy while offering guests more room to gather, unwind, and connect.”

With the addition of The Nutcracker, Brookfield Properties–Downtown Powai continues to strengthen its position as a premium lifestyle destination. Consequently, the development brings together carefully curated dining, social, and community-led experiences under one roof, the release added.

Sterling Holiday Resorts expands Rajasthan footprint with Amargarh Jodhpur launch

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Sterling Holiday Resorts has announced the launch of Sterling Amargarh Jodhpur, thereby expanding its presence in Rajasthan and strengthening its portfolio of large-format destination resorts. Located on Pal Road within Jodhpur city limits, the resort provides convenient access to prominent heritage attractions while actively catering to leisure travellers, destination weddings, and corporate events.

Moreover, Sterling Amargarh Jodhpur spans expansive landscaped grounds and draws inspiration from the architectural and cultural heritage of the Marwar region. Consequently, the resort positions itself to host family vacations, large social celebrations, and business gatherings, supported by its scale and comprehensive event infrastructure.

Commenting on the launch, Vikram Lalvani, Managing Director & CEO, Sterling Holiday Resorts, said, “Rajasthan remains a cornerstone of Sterling’s destination strategy, and Jodhpur is one of its most compelling cultural anchors. With Sterling Amargarh Jodhpur, we are introducing a resort that brings scale and versatility into a heritage setting—making it equally relevant for leisure travellers, large celebrations, and corporate events. This launch reflects our focus on building destination-led resorts that combine local character with the reliability of a national hospitality network.”

In addition, the resort offers rooms and suites across Classic, Premier, and Suite categories to address diverse guest preferences. Furthermore, the property features two indoor banquet halls—Kesari and Marwar—along with Rajwada – The Lawns, which support weddings, social functions, and corporate programmes.

At the same time, the resort presents multiple dining experiences, including Sangri—The Flavours of Rajasthan, an all-day restaurant that serves regional specialties alongside global cuisine, as well as curated courtyard dining spaces. Meanwhile, leisure amenities include an outdoor swimming pool, cultural performances, and dedicated family-focused areas.

Sharing his perspective, Anil Garg, Managing Director, Neha Enterprise, said, “Amargarh has long been a part of Jodhpur’s hospitality landscape, and this association marks an important new chapter for the resort. Partnering with Sterling allows us to strengthen the property with wider national distribution, consistent service standards, and deeper experience in destination-led stays and celebrations, while preserving the authentic Rajasthani character that defines Amargarh. We see this as a meaningful step in positioning the resort for the next phase of growth.”

Finally, the resort integrates into Sterling’s broader Rajasthan network, which enables multi-city itineraries linking Jodhpur with Udaipur, Pushkar, and Jaisalmer. As a result, the portfolio actively supports extended wedding circuits and leisure travel across the state.

Legal AI startup Harvey acquires Hexus to accelerate product innovation amid rising legal AI competition

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BRL Editor
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Winston Weinberg, CEO & Co-Founder, Harvey

Harvey, a fast-rising legal AI startup, has acquired Hexus, a two-year-old company that develops tools for creating product demos, videos, and user guides. Through this acquisition, Harvey continues its aggressive expansion strategy as competition intensifies across the legal technology market.

Hexus founder and CEO Sakshi Pratap confirmed that the San Francisco–based team has already joined Harvey. Meanwhile, the company plans to onboard Hexus’s India-based engineers once Harvey establishes its Bangalore office. In addition, Pratap will lead an engineering group focused on accelerating Harvey’s product development for in-house legal teams.

“What we’re bringing to Harvey is deep experience building enterprise AI tools in adjacent problem spaces,” Pratap said. “This expertise helps Harvey move faster in a market that’s becoming increasingly competitive.”

Before the acquisition, Hexus raised $1.6 million from Pear VC, Liquid 2 Ventures, and several angel investors. Although Pratap declined to disclose the financial terms of the deal, she noted that the transaction structure prioritized “long-term team incentives.”

Meanwhile, the acquisition supports Harvey’s broader push to strengthen its position as one of the most closely watched AI startups globally. Last fall, the company confirmed an $8 billion valuation following a $160 million funding round, bringing its total capital raised in 2025 to $760 million. Andreessen Horowitz led the round, with participation from new investors T. Rowe Price and WndrCo, alongside existing backers Sequoia Capital, Kleiner Perkins, Conviction, and angel investor Elad Gil. Earlier in the year, Harvey secured a $3 billion valuation after Sequoia Capital led a $300 million Series D round.

Currently, Harvey serves more than 1,000 clients across 60 countries. Notably, its customer base includes a majority of the top 10 law firms in the United States.

Previously, co-founder and CEO Winston Weinberg traced Harvey’s origins to a cold email sent to OpenAI CEO Sam Altman. At the time, Weinberg worked as a first-year associate at O’Melveny & Myers, while co-founder Gabe Pereyra conducted AI research at Google DeepMind and Meta and shared an apartment with Weinberg. Together, they tested GPT-3 on landlord-tenant law questions sourced from Reddit.

When the founders presented the AI-generated responses to practicing attorneys, two out of three said they would send 86 out of 100 answers without making any edits. “That was the moment when we were like, Wow, this entire industry can be transformed by this technology,” Weinberg said.

The founders emailed Altman on July 4, 2022, secured a call the same morning, and soon received their first investment from the OpenAI Startup Fund. According to Weinberg, the OpenAI Startup Fund continues to rank as Harvey’s second-largest investor.

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