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Artificial Intelligence Startup Boxx.ai raises $500,000 From Unicorn India Ventures

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artificial intelligence, aiboxx solutions pvt. Ltd, boxx.ai, unicorn india ventures, BotWorx.ai, vcc startups, vernacular.ai, startupstories, startup stories india, startup stories 2017, Startup, AIDA, bhaskar majumdar, ai startup

Artificial Intelligence startup Boxx.ai based in Bengaluru has raised $ 500,000 from venture capitalist Unicorn India Ventures based in Mumbai. Venky Krishnakumar (FormerCOO and CFO, Citibank APAC,) Suresh Shankar (Founder and CEO, CrayonData) and Vivek Bhargava (CEO, DAN Performance Group) are the other angel investors who also participated in this round of seed funding.

Boxx.ai plans to use the investments by its first institutional round to upgrading its technology and algorithms platforms and to expand product portfolio.

Launched in July 2016, Boxx.ai builds products that use artificial intelligence to solve analytic problems quickly at affordable costs. This is what interested Unicorn India Ventures to invest in the startup, Bhaskar Majumdar, their Managing Partner said.

AIDA was the first product launched by the IIT alums and founders Ajay Kashyap, Prakhar Raj and Shitiz Bansal and their team of experts. AIDA predicts what each consumer might buy in the future to enable internet companies to provide personalized product, content and targeted ads.

Boxx.ai is working in different arrays in the online space and Unicorn has announced investments in Grab, Inc42, VanityCube and Pharmarack. Archana Priyadarshini will be joining Boxx.ai on their board to work closely with the team.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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