MStack AI is in advanced talks to raise at least $30 million, while Simplismart is discussing a $50 million round, sources said. Investors include Alpha Wave, Lightspeed, Prosperity7, and Peak XV, with Nvidia potentially joining. The deals add to a series of AI funding rounds in India, signaling renewed investor interest.
AI startup funding heats up: MStack, Simplismart in talks
Source: Moneycontrol