Perplexity is looking to make inroads in India, one of the largest digital markets globally. As part of this, the US-based AI giant has tied up with Paytm to provide users with real-time financial assistance on the fintech major’s app.

For the Aravind Srinivas-led company, the integration is expected to unlock a treasure trove of financial data for training its AI models. Besides, the US-based tech giant will also piggyback on Paytm’s network effects to introduce Perplexity’s offerings to Indian customers.

On the other hand, Paytm will also gain much from the partnership. Besides, the latest offering of an AI-powered search bar, which allows users to ask questions and make financial decisions, Paytm also plans to leverage Perplexity’s LLMs to roll out “AI-first experiences” as well as new features such as portfolio management, savings, and expenditure control.

The partnership with Paytm appears to be part of Perplexity’s multi-pronged strategy to shore up its presence in the country. Last month, the company made its premium subscription tier free for students and faculty members of IIT Madras. Following this, he also announced to invest more than $10 Mn in an Indian AI company that can beat.

Currently, both Paytm and Perplexity appear to be staring at a win-win amid rampant AI adoption in the country. For now, here is a deeper glance at the AI giant joining forces with Paytm.

The B2B ecommerce unicorn has raised INR 107 Cr from its Singapore-based parent since December last year. After receiving shareholder nod in October last year, the Indian arm secured the capital in four tranches.

: Stellaris Venture Partners believes that with the AI boom, SaaS is being put through the churn. Therefore, it is shifting its investment focus from horizontal to vertical SaaS while keeping an eye on AI-powered productisation of the services economy.

: The fintech SaaS startup’s board has greenlit a proposal to grant 2.05 Lakh stock options to its employees under the Perfios ESOP 2025-A scheme. This comes as the company is looking to float its much-anticipated $500 Mn IPO.

: FanTV, founded by Prashan Agarwal, has secured $3 Mn in a round led by Mysten Labs. The startup helps users create and share digital content using AI tools, on the blockchain Sui, across formats.

The drone manufacturing major has received a type certification from the statutory body for its multipurpose drone, AgriVeer. Under Drone Rules, 2021, companies are mandated to seek DGCA type certificates to comply with norms.

DPIIT has partnered with VC firms to offer financial support and mentorship to innovative startups across 11 key sectors, including AI and deeptech. The Startup Maha Rathi Challenge is part of the second edition of Startup Mahakumbh.

The agency has seized cryptos worth INR 24 Cr after two-day search operations across 60 locations in connection with the ongoing investigation into the crypto scam, which bilked victims out of INR 6,600 Cr.

The QSR chain reported losses to the tune of INR 114.4 Cr in FY24, up 0.53% from INR 113.8 Cr in the year ago period. However, operating revenue jumped 13.83% YoY to INR 470 Cr in FY24.

Though the video analytics ecosystem has existed for a long time, its marriage with AI-driven tech has taken the sector to a new level. Leading the charge in this space is Cairovision.

Founded in 2023 by deeptech startup CamfyVision’s cofounder Vedpal Singh, the startup bolsters real-time surveillance with its facial recognition, vehicle tracking, material tracking, and process automation offering.

The Bengaluru-based startup caters to various industries such as renewable energy, logistics, hospitality, retail, and law enforcement and counts Adani Ports & Logistics, Siemens Gamesa, Bengaluru Police, Tata Solar and others as its clients.

The startup was part of the maiden cohort for Games 24×7’s TechXpedite Accelerator Programme, which offers mentorship opportunities as well as technology credits worth over $500K.

Moving forward, the company plans to broaden its horizon of serving different sectors and help clients leverage data for smarter and more efficient operations.

The post appeared first on .