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Indian startups raised about $290.55 million across 22 deals between 2 and 7 November, up roughly 69 per cent week on week. GIVA topped the list, while AI-linked rounds included PowerUp Money and Venomics AI. The details below are drawn from the primary source, with analysis labelled separately.
Bloomberg reports OpenAI has raised $11 billion so far at a $1.25 trillion valuation, with the round potentially reaching $20 billion. The figures fall below the $30 billion at $1.4 trillion reportedly sought in September, as investors grow wary of AI valuations and data-centre politics.
Nasdaq-listed Cognizant is reportedly negotiating a stake in Sarvam AI as part of a roughly $300 million round that could value the Bengaluru company at $3.5 to $4 billion. The deal would make Cognizant the second IT-services major on Sarvam's cap table after HCLTech, which led its Series B in June.
Investors are backing narrow, domain-deep agents — legal, logistics, public services — over general assistants, betting on workflow ownership.
