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From Lighthouse Canton raising $40 million led by Peak XV Partners to Paytm partnering with US-based Groq to accelerate AI infrastructure and efficiency, YourStory brings you all the developments from India's startup ecosystem. Featured stories Unicorns, visionaries, and the AI future: What awaits at TechSparks 2025 Every year, India’s startup ecosystem converges around one of its most recognisable gatherings: TechSparks, the flagship event of YourStory. The event has served as a crucible for innovation and ambition, where founders, investors, policymakers, and technologists come together to exchange ideas, strike partnerships, and set the tone for the country’s entrepreneurial future. Scheduled for November 6–8, 2025, at Taj Yeshwantpur, Bengaluru, the event—now in its 16th year—sits squarely at the intersection of India’s growing technological ambition and its artificial intelligence–driven journey into the next decade. This year’s theme, India 2030: Powered by AI, is more than just a slogan. It represents a conviction that a nation of over one and a half billion people can harness intelligence and innovation to accelerate growth, build sustainability, scale enterprises, and address society’s most pressing challenges. Latest News Paytm to invest Rs 2,250 Cr in payments arm is pumping Rs 2,250 crore into its payments arm as it races to meet new regulatory deadlines and reorganise its sprawling fintech empire. The investment will go into Paytm Payments Services Ltd (PPSL), a wholly-owned subsidiary positioned as the nerve centre for all of Paytm's merchant payment operations—both online and offline. The restructuring comes in response to stricter payment aggregator guidelines issued by the Reserve Bank of India on September 15, 2025. The new rules demand a clear wall between entities that handle payments and those running other business lines. Funding news Lighthouse Canton raises $40M led by Peak XV Partners Investment firm Lighthouse Canton raised $40 million in a round led by Peak XV Partners. The round also saw participation from Nextinfinity and existing investor Qatar Insurance Company. The investment firm will use the fresh funds to improve its technology infrastructure, hire senior talent, expand its product capabilities as well as pursue geographic growth opportunities across high-potential markets. “This is a defining milestone for us,” said Shilpi Chowdhary, Group CEO of Lighthouse Canton. “We have built Lighthouse Canton with an institutional mindset, independently, for more than ten years, guided by a long-term vision of creating a world-class, client-aligned investment platform.” MedySeva raises Rs 4 Cr seed funding from Unicorn India Ventures Healthtech startup MedySeva has raised Rs 4 crore in a seed round led by Unicorn India Ventures to expand its network of phygital healthcare clinics across Tier II and III cities, enhance its telemedicine platform, and strengthen operational capacity. Founded in 2022 by Dr Vishesh Kasliwal, the company bridges rural and semi-urban patients with specialists across more than 10 medical fields through a hybrid model combining physical clinics and digital consultations. In the past year, MedySeva has conducted over one lakh consultations with a 60% repeat rate, and plans to scale this to two lakh annually within 18 months. The company has also partnered with medical colleges, local pharmacies, and healthcare providers to extend access and efficiency, and aims to establish over 500 clinics across five new states in the next two years while integrating city-based doctors and local networks into a unified rural healthcare ecosystem. Enrission India Capital invests in Stackbox Enrission India Capital has participated in the $4-million funding round of Stackbox, a deeptech logistics SaaS company developing AI-driven warehouse and transportation management systems. As ecommerce and quick commerce drive growing complexity in logistics, Stackbox addresses efficiency and scalability challenges through its AI-powered Warehouse Management System (WMS) and advanced Transportation Management System (TMS). Founded by IIT alumni Sabyasachi, Shanmukha, Venktesh, and Nitin, the company leverages strong expertise in supply chain design and enterprise software. Led by Venktesh, who previously built and exited a US-based supply chain venture, Stackbox works with major FMCG clients and is expanding its operations across sectors, including F&B and manufacturing, with an emerging footprint in Southeast Asia. Krieya Beauty & Wellness raises Rs 7 Cr led by Sauce and Riverwalk Holdings Krieya Beauty & Wellness, a research-driven beauty company developing products tailored to Indian physiology, has raised about Rs 7 crore in its first funding round led by Sauce, with participation from Riverwalk Holdings and Dr Aneesh Sheth, founder of Dr. Sheth’s. The company plans to launch its first brand—a specialised haircare line—in Q3 FY26, developed through a six-month consumer research programme involving over 500 participants and extensive product trials. Founded by Siddharth Sharma, formerly with Honasa Consumer, where he was part of the team that scaled Dr. Sheth’s post-acquisition, Krieya focuses on creating premium skincare, haircare, and wellness products based on proprietary R&D insights into Indian consumers’ biology and behaviors. epikdoc launches AI-powered Pro platform, Patient LLM epikdoc, an AI-led dental platform, has introduced epikdoc Pro and the Patient LLM, an AI model that mimics a dentist’s thought process to offer independent second opinions, AI-enhanced X-ray analysis, and dentist recommendations through a single interface. The platform combines preventive diagnostics, automated documentation, CRM tools, and lab management via XrayIQ, EpikVoice, and epikLabs. The system helps clinics improve efficiency and patient engagement, with reports of 30% revenue growth and 5–7 hours saved per week for doctors, while labs benefit from streamlined communication and traceable workflows. Paytm partners with Groq to accelerate AI infrastructure and efficiency (One 97 Communications Limited), a digital payments and financial services company, has partnered with US-based AI infrastructure firm Groq to enhance the speed and efficiency of its artificial intelligence systems. Through this collaboration, Paytm and its associate entities will use GroqCloud, powered by Groq’s Language Processing Unit (LPU), to enable faster and more cost-effective AI inference compared to conventional GPU-based systems. The integration will strengthen Paytm’s existing AI capabilities in areas such as transaction processing, risk modeling, fraud detection, and customer engagement, supporting its goal of building a scalable, data-driven foundation for the next phase of growth in payments and financial services. (This article will be updated with the latest news throughout the day.) (Edited by Kanishk Singh)
