GreyLabs AI has secured Rs 85 crore in a Series A funding round. In a separate development, Urban Company is reportedly in discussions with component manufacturers to assemble and market air conditioners.
GreyLabs AI raises funding
GreyLabs AI, a voice-focused artificial intelligence platform revolutionising customer engagement in banking and financial services, has secured Rs 85 crore (approximately $9.6 million) in a Series A funding round.
The round was led by Elevation Capital, with additional backing from existing investor Z47 and several angel investors.
The funding comes alongside the debut of GreyLabs’s flagship agentic voice AI platform, created to both automate and personalise customer interactions throughout India’s banking, financial services, and insurance (BFSI) sector.
In June last year, GreyLabs AI garnered over $1.5 million in a seed round led by Matrix Partners India.
Urban Company in talks to launch air conditioners
Urban Company is reportedly in discussions with component manufacturers to assemble and market air conditioners.
According to a report by The Economic Times, the company intends to sell these products under its own ‘Native’ brand.
Established in 2014, Urban Company, headquartered in Gurugram, offers a range of services such as haircuts, beauty treatments, massage therapy, cleaning, plumbing, and carpentry across India, Singapore, the UAE, and Saudi Arabia.
It currently sells water purifiers and electronic smart locks under the brand “Native.
Urban Company made its debut on the Indian stock market on September 17, 2025.
