The Week that Was: Indian Startup News Overview (30th June - 6th July)


The Week that Was: Indian Startup News Overview (30th June - 6th July)
  • ZILO raised $4.5 Million (Seed) for 60-min fashion delivery.
  • AppsForBharat secured $20 Million (Series C) to expand faith-tech reach.
  • Bambrew raised Rs 90 Crore (Series B) for eco-packaging scale-up.
  • FitFeast got Rs 5.5 Crore (Seed) for protein-rich snack growth.
  • Othor AI raised Rs 42.7L (Follow-Up Pre-Seed) for AI BI tools.

The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, Chemical Manufacturing & Digital Entertainment marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, & others.

Funding News: Othor AI Secures Rs 42.77 Lakh in Follow-Up Pre-Seed Round

Startup: Othor AI

Founders: Unni Koroth, Nekender Shekhawat

About: Othor AI is a vertical AI startup developing specialized AI agents for streamlined business decision-making and planning. Offering fast, secure, and AI-native alternatives to traditional business intelligence tools, the company targets enterprises seeking efficient, data-driven solutions.

Founded: 2024

Office: Kochi, India

Sector: Artificial Intelligence / Business Intelligence

Funding Round: Follow-Up Pre-Seed

Investors: Vara Kumar Namburu (Whatfix Co-founder), Madan Galla, Mithun Nair

Vertical AI startup Othor AI has raised Rs 42.77 lakh (USD 50,000) in a follow-up pre-seed funding round, boosting its total early-stage capital to Rs 68.40 lakh (USD 80,000). The Kerala Startup Mission (KSUM) registered company secured its latest investment from high-profile backers including Whatfix Co-founder Vara Kumar Namburu, analytics expert Madan Galla, and angel investor Mithun Nair.

Koroth highlighted the rapid traction and investor backing as signs of a shifting demand towards AI-native business intelligence tools. “Our momentum reflects a growing demand for faster, simpler, and more secure alternatives to traditional BI and planning solutions”, he said. “Having such accomplished investors on board gives us the confidence to accelerate our mission”.

Website: https://othor.ai/