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Andhra Pradesh Government Flags Off The Blockchain Business Conference
The Andhra Pradesh Government, in a bid to make Vishakhapatnam the blockchain capital of India, launched the Blockchain Business Conference yesterday. This flagship initiative by the Government of Andhra Pradesh marks the second leg of the Fintech Valley Vizag initiative that was started in March 2017, with the Fintech Spring Conference.
The two day conference will explore blockchain technologies, its applications and how it will impact the financial services industry. Regional and international experts, startups, corporates, regulators, entrepreneurs, policymakers and academics will be participating in this event. More than 50 startups from across the world will be showcasing their products and solutions in the fintech and blockchain domains.
Speaking at the conference, the Chief Minister of Andhra Pradesh, N. Chandrababu Naidu said, “I want to make Visakhapatnam not only India’s capital for fintech or blockchain technologies, it will be a center of excellence for the global community.”
ICICI Bank and Mahindra Finance also inaugurated two new accelerator programs at the conference which will mentor and finance 30 startup companies and help them in solving problems. The Government is also looking to triple the size of their Rs. 100 crores angel fund by bringing in co investors and domestic institutions. A Rs. 500 crores fintech fund will also be set up, which will function separately from the innovation focused angel fund. With a target to engage with 50 startups this fiscal year, the fintech fund will receive Rs. 100 crores from the government and the remaining amount will be raised from co investors such as the Small Industries Development Bank of India.
Along with the Chief Minister Chandrababu Naidu, Lokesh Nara, the IT Minister of Andhra Pradesh, Gulshan Rai, the Special Secretary of Cybersecurity and Prime Minister’s Advisory, Mr. Ravi Menon were the other keynote speakers at the event. Speaking about the disruptive blockchain technology, Lokesh Nara said Andhra Pradesh was the first state to use blockchain pilots and the technology has also been already taken up by the IT sector.
OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.
Beyond Moderation
AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:
- early risk detection
- human-centered intervention
- stronger emotional safety frameworks
This positions AI as more than an information tool—it becomes part of broader digital support systems.
Key Industry Impact
Trusted contact models could influence future safety standards across:
- AI assistants
- mental health platforms
- social media
- digital health services
The Bigger Challenge
While promising, success depends on balancing:
- privacy
- consent
- ethical intervention
- user trust
Final Take
This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
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