Daily Indian Funding Roundup & Key News – 20 June 2025
The Indian startup ecosystem saw some key developments today across tech, logistics, and AI. From new launches to major acquisitions and expansions, here’s a quick look at the top highlights for 20 June 2025.
🚀 Funding Spotlight - 20 June 2025
Renewbuy Raises $10 million from Apis Partners & 360 One
Insurtech broker Renewbuy has secured $10 million (about INR 86 crore) from its existing investors, London-based Apis Partners and 360 One (formerly IIFL Wealth). The fresh capital will strengthen operations and fuel expansion as the company advances its proposed merger with InsuranceDekho, a deal that could value Renewbuy at $300–350 million.
Key News Highlights – 20 June 2025
Here are some key industry developments making headlines today:
Ola’s AI arm Krutrim acquires BharatSah’AI’yak
Ola’s advanced‑AI division Krutrim has acquired BharatSah’AI’yak, an AI platform from governance‑consulting firm Samagra, along with its core team. The move aims to strengthen Krutrim’s offerings in government‑focused AI initiatives—particularly leveraging language, education and agriculture tools deployed across India.
Krutrim sees senior‑level exits & layoffs
Amidst its expansion, Krutrim has experienced leadership turnover: senior director John Williamson, engineering head Dinesh Mittal, and applied‑AI director Sharath Adavanne have departed, with over a dozen linguist‑team professionals let go this week. The company maintains that development work on chips and AI models remains on schedule, now focusing on Kruti (its AI assistant), Bodhi chips and semiconductor partnerships.
Swiggy pilots ‘Crew’ concierge app
Foodtech giant Swiggy is trialling Crew, a travel and lifestyle concierge app to assist users with bookings, travel planning, and lifestyle services. The pilot, part of Swiggy’s expansion into broader everyday‑life services, is currently in beta.
Delhivery launches on‑demand intracity shipping
Logistics provider Delhivery has begun piloting Delhivery Direct, an intracity, on‑demand shipping service aimed at taking on competitors like Porter and Uber. Targeting small and medium enterprises needing rapid, local fulfilment, this move reinforces Delhivery’s push into shorter‑haul deliveries.
Cognizant to invest INR 1,583 crore in Visakhapatnam IT campus
Cognizant has announced an investment of INR 1,583 crore to expand its IT campus in Visakhapatnam, a strategic move to increase capacity, create new jobs, and support India’s growing digital services infrastructure.
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