OnFinance AI, a generative AI platform purpose-built for the banking, financial services, and insurance (BFSI) sector, has raised $4.2 million in a pre-Series A funding round led by Peak XV’s Surge, it announced on Monday (Sept. 22).
The funding also saw participation from prominent investors and operators, including Shyamal Hitesh Anadkat from OpenAI, Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), and Climber Capital, along with existing investors Indian Angel Network (IAN) and Silverneedle Ventures (SNV).
With this funding, the company will expand its proprietary BFSI-focused AI models, accelerate R&D and hiring in engineering and AI research, and extend its reach to new international markets such as MENA and the US.
Founded in 2023 and headquartered in Bengaluru with an additional office in Mumbai, OnFinance AI develops generative AI-powered agentic systems for the BFSI sector, focusing on regulatory compliance, risk management, and audit automation.
“Generic AI cannot solve BFSI’s problems. With NeoGPT and ComplianceOS, we are already delivering regulator-grade outcomes that traditional processes and generic models cannot match. This capital will allow us to double down on research, expand internationally, and continue pioneering agentic AI for compliance and risk,” said Priyesh Srivastava, Co-Founder & CTO of OnFinance AI.
Here are the prominent venture capital transactions in India announced from September 16-22, 2025.
| Startup | Headquarter | Investment Size (USD) | Investment Stage | Lead Investor(s) | Other Investor(s) | Industry | Verticals |
|---|---|---|---|---|---|---|---|
| OnFinance AI | Bengaluru | 4,200,000 | Pre-Series A | Peak XV’s Surge | Shyamal Hitesh Anadkat from OpenAI, Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, Indian Angel Network (IAN) and Silverneedle Ventures (SNV) | Financial Services | Fintech |
| Carbon Masters India Pvt Ltd (CMIPL) | Bengaluru | - | Equity | Schneider Electric Energy Access Asia (SEEAA), Sangam Ventures, IAN Group | Sriram Sankaran, Managing Director of Synchron Group, and Muthu Murugappan, CEO of Murugappa Group | Environmental Services | Cleantech |
| SpaceFields | Bengaluru | 5,000,000 | Pre-Series A | Globaz Technologies | Rockstud Capital, Venture Catalysts, Nithin Kamath’s Rainmatter, Burla Angel Network, Faad Capital, SIDBI, O2 Angels, MeitY Startup Hub | Defence | Spacetech |
| Equilibrium | Bengaluru | 3,000,000 | - | Kalaari Capital, Avaana Capital, Peak XV Partners | - | Environmental Services | Cleantech |
| Supply6 | Bengaluru | 1,100,000 | Seed | Zeropearl VC | Kunal Shah, Ashutosh Valani and Priyank Shah (Co-founders, Renee Cosmetics), Yogesh Kabra (Founder, XYXX) | Food | E-commerce |
| Lucira | Mumbai | 5,500,000 | Seed | Blume Ventures | SiriusOne Capital Fund, Spring Marketing Capital, founders of Dot and Key, Livspace, Snitch | Retail | E-commerce |
| PlaySuper | Gurugram | 1,000,000 | Seed | VC Chimera | Audacity VC, IAN Capital Fund, Dhruv Vohra, Managing Director at Meta APAC Emerging Markets | Software | eSports |
| Scalekit | Bengaluru | 5,500,000 | Seed | Together Fund, Z47 | Adam Frankl, Oliver Jay, Jagadeesh Kunda | Software | SaaS |
| Genovation Technological Solutions | Kolkata | 150,000 | Pre-Seed | - | - | Software | AI and Machine Learning |
| uKnowva | Mumbai | 500,000 | Pre-Series A | Parv Network, Growth 91, Aapna Infotech | - | Software | HR Tech |
| Pelocal | Noida | 5,000,000 | Series A | UNLEASH Capital Partners, Unicorn India Ventures | - | Financial Services | Fintech |
| BeyondSquare Solutions | Bengaluru | 4,000,000 | Series A | Avant Global Corporation | - | Software |
