Daily Indian Funding Roundup & Key News - 18 August 2026: NeoGeo Raises $20 Million, Lissun Raises ₹48 Crore, Razorpay Launches AI Model Vulcan
Four funding rounds closed on 18 August 2026, spanning geospatial tech, child healthtech, AI lending and travel. Neev II Fund, Aavishkaar Capital, Colossa Ventures and Norwest were among the day's lead investors. The headline raise is NeoGeo's $20 million Series A round.
Away from funding, Uber partnered with ixigo to add train ticket booking to its app, Colgate-Palmolive turned to Bombay Shaving Company to fix Palmolive's D2C business, and Razorpay launched its AI foundation model Vulcan.
Daily Indian Startup Funding Roundup - 18 August 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| NeoGeo | Geospatial Tech | $20 Mn | Series A | Neev II Fund, Aavishkaar Capital |
| Rezolv | AI LendTech | $12.5 Mn | Series A | Norwest |
| Lissun | Child Healthtech | ₹48 Cr | Series A | Colossa Ventures |
| Atravelq | Travel Tech | Undisclosed (₹10 Cr valuation) | Funding Round | Seed investors, founding stakeholders |
NeoGeo Raises $20 Million Series A Funding
NeoGeo raised $20 million in Series A funding led by Neev II Fund and Aavishkaar Capital. The funds will expand its platform and product portfolio, support entry into the Middle East and the Americas, and strengthen its team.
Founded in 2019 by Sreeramam GV, NeoGeo is a Gurugram-based geospatial technology company that provides GIS-referenced platforms for urban governance, infrastructure and natural resource management. It has executed more than 200 projects, mapped over 5 lakh sq km, and manages more than 550 CORS stations.
Rezolv Raises $12.5 Million Series A Funding
Rezolv raised $12.5 million in Series A funding led by Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital. The funds will strengthen its AI capabilities across sales, risk, underwriting and collections.
Founded in 2024 by Karan Mehta and Sonali Jindal, former founders of Kissht, Rezolv is an AI-native lending technology platform for banks and NBFCs. It has partnered with more than 22 lenders, including AU Small Finance Bank and ICICI Bank, and powers 6.5 million minutes of borrower conversations every month.
Lissun Raises INR 48 Crore Series A Funding
Lissun raised INR 48 crore in Series A funding led by Colossa Ventures, with participation from Physis Capital and existing investors including RPSG Capital Ventures and Rainmatter. The funds will expand its Sunshine by LISSUN centres, build AI-led tools, and strengthen clinical processes.
Lissun is a healthtech company focused on children with special needs and developmental delay. Its Sunshine by LISSUN brand has grown fourfold over the past year, now runs 25 centres delivering more than 10,000 monthly therapy sessions, and is on track for 50 centres by next year.
Atravelq Raises Funding At INR 10 Crore Valuation
Atravelq raised a fresh funding round at an equity valuation of INR 10 crore, backed by its seed investors and founding stakeholders. The amount raised was not disclosed. The capital will go towards technology, customer experience and expansion in select growth markets.
Atravelq is a Chandigarh-based travel company offering personalised international holiday packages, visa services, flights, hotels and concierge services across more than 180 destinations, including Europe, Japan, Southeast Asia and New Zealand. It has served more than 10,000 travellers and facilitated close to 6,000 international journeys.
Muskaan Kapoor
Key Business News for 18 August 2026
Uber Partners With ixigo For Train Ticket Booking
Uber launched train ticket booking on its app in partnership with ixigo, letting users book train tickets, check PNR status and connect their first and last mile journeys within a single app. ixigo will provide the booking technology and post-booking services, while Uber connects train journeys with its mobility services.
The launch expands Uber's mobility portfolio in India, which already spans moto, auto, cars, metro, intercity cars and intercity buses. Uber entered India in 2013 and operates in more than 225 cities. Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo runs the ixigo, ConfirmTkt and AbhiBus apps for travel booking.
Colgate Turns To Bombay Shaving Company To Fix Palmolive's D2C Play
Colgate-Palmolive India has partnered with Bombay Shaving Company to run the D2C and ecommerce business of its Palmolive brand, as the FMCG major looks to revive an underperforming line. Bombay Shaving Company will manage consumer-facing advertising and customer relationships, while Colgate retains product innovation, manufacturing and offline distribution.
Colgate-Palmolive India CEO Prabha Narasimhan said the company had "not done a great job" with Palmolive and was looking to learn from Bombay Shaving Company's digital-first model. Colgate-Palmolive Asia Pacific already holds a 14% stake in Bombay Shaving Company's parent, which turned adjusted EBITDA profitable in FY26 with revenue up 139% to INR 634.7 crore.
Razorpay Launches AI Payments Model Vulcan
Razorpay launched Vulcan, an AI foundation model built specifically for payments, with technology support from NVIDIA and AWS. The transformer-based model was trained on nearly 3 trillion data points across 4 billion payments and uses around 3,000 signals per transaction for decisions such as routing, fraud detection and checkout personalisation.
Components of Vulcan were already live with customers including Blinkit, Bachatt and redBus before launch. Razorpay said the model has improved payment success rates by 8% to 10% and helped detect eight times more international card fraud, and plans to expand it into authentication and lending.
