Daily Indian Funding Roundup & Key News - 21 October 2026: AuxoAI Raises $20.7 Million, Jio Platforms Opens ₹30,213 Crore IPO
AuxoAI raised $20.7 million and three more startups closed rounds, as Jio Platforms opened India's biggest IPO and Eternal's Q2 profit rose 92%.
Four funding rounds were announced on 21 October 2026, in sectors ranging from enterprise AI to travel and local delivery. NTTVC, SenseAI Ventures and Stargazer Fund were among the day's lead investors. Jio Platforms also opened its INR 30,213 crore IPO, India's biggest share sale.
Daily Indian Startup Funding Roundup - 21 October 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| AuxoAI | Enterprise AI | $20.7 Mn | Series A | NTTVC |
| Vectorial | AI Software | $3 Mn | Undisclosed | SenseAI Ventures |
| Onto | Travel Tech | $1 Mn | Pre-Seed | Stargazer Fund |
| Furtilo | Hyperlocal Delivery | Undisclosed | Seed | Trikona LLC |
AuxoAI Raises $20.7 Million in Series A Round Led by NTTVC
AuxoAI raised $20.7 million in a Series A round led by NTTVC, the Silicon Valley venture firm backed by Japan's NTT. Angel investors George Still Jr., Amit Zavery and Giacomo Sonnino also took part. The company will use the money to grow the teams it places inside client companies and to build its own AI tools.
Founded in 2023 by Amaresh Tripathy, Arvinder Pal Singh and Kabir Singh, AuxoAI helps large global companies find uses for AI and build working systems. Its AI strategists and engineers work alongside client staff, using its in-house platform, Damia. Its clients include workforce software firm UKG and restaurant chain Fogo de Chão.
Vectorial Raises $3 Million Led by SenseAI Ventures
Vectorial raised $3 million in a round led by SenseAI Ventures, with Smilegate, Berkeley SkyDeck and other investors also taking part. Angel investors include product leaders from Meta, Shopify and Mastercard.
Founded by Taranveer Singh, Rahul Garg and Jasmine Kaur, Vectorial uses AI to simulate how people will react to apps, websites and ad campaigns. This lets companies test ideas without relying only on surveys and interviews. Its customers include boAt and GoodRx.
Onto Raises $1 Million in Pre-Seed Round Led by Stargazer Fund
Onto raised $1 million in a pre-seed round led by Stargazer Fund, with Singapore-based White Venture Capital also investing. The startup will use the money to grow its operations, strengthen its technology and build new products.
Founded in June 2026 by Jagdeep Singh and Shubham Goyal, Bengaluru-based Onto helps travellers book hotels in India and abroad. It keeps tracking prices after booking, even for rooms booked on other sites. If the price drops, it refunds the difference.
Furtilo Raises Seed Round From Trikona LLC
Furtilo raised an undisclosed amount in a seed round from US investment firm Trikona LLC. The startup plans to reach more than 500 small towns by mid-2028 and add parcel delivery and bike taxi services.
Bengaluru-based Furtilo, earlier called BelivMart, runs a delivery app for local shops and restaurants in small towns. Merchants pay a flat monthly fee starting at INR 99 instead of a commission on each order. Since relaunching in January 2026, it has reached more than 37 towns in Madhya Pradesh, Rajasthan and Gujarat.
Muskaan Kapoor
Key Business News for 21 October 2026
Jio Platforms Opens INR 30,213 Crore IPO, India's Biggest Share Sale
Jio Platforms' INR 30,213 crore IPO has opened for subscription, making it India's biggest share sale. The issue is priced at INR 1,065 to INR 1,119 per share and closes on 23 October.
Jio Platforms raised INR 8,110 crore from 212 anchor investors, including BlackRock, Capital Group and Fidelity, on 19 October. The IPO is made up entirely of new shares, and INR 27,500 crore will go towards repaying debt at Reliance Jio Infocomm. The shares are expected to list on 28 October.
Eternal's Q2 FY27 Profit Rises 92% to INR 125 Crore
Eternal, the parent of Zomato and Blinkit, reported a net profit of INR 125 crore for Q2 FY27, up about 92% from a year earlier. Its revenue from operations rose more than 77% to INR 24,138 crore.
Quick commerce arm Blinkit made up most of the revenue at INR 19,152 crore, up 93% year on year. Food delivery revenue grew 37% to INR 3,396 crore. Eternal also unveiled Dark, a privacy-focused AI chat service it plans to launch this year.
Premji Invest, Norwest and Lok Capital Plan Up to INR 1,000 Crore in Vegafin
Premji Invest, Norwest and Lok Capital plan to invest up to INR 1,000 crore together in Vegafin, a new lender for small businesses. Vegafin has also signed agreements to buy a majority stake in Gurugram-based NBFC Bizloan.
Vegafin plans to build an AI-first lending platform to speed up loan approvals and improve credit checks. Bizloan has more than 35 branches across five states and manages loans worth more than INR 235 crore. Vegafin is led by Bijith Bhaskar, who earlier worked at ICICI Bank and Premji Invest.
Mygate and Adonmo to Merge, Eternal to Hold 4.4% Stake
Mygate and Adonmo plan to merge, with Eternal set to hold about 4.4% of the combined company. Eternal will swap its entire stake in Adonmo for shares in Mygate.
Mygate makes software for gated housing societies, covering visitor management, security and accounting. Adonmo runs digital advertising screens in residential communities. Mygate's revenue rose 34% to INR 229 crore in FY26.
