Startup news and updates: Daily roundup (March 20, 2026)

From Assiduus’ funding to Delhivery’s expansion, YourStory brings you today’s headlines with the latest developments across sectors.

Featured stories 

Assiduus raises $25M in pre-series B round led by Bajaj Finserv

Assiduus Global Inc., an AI-powered middleware infrastructure platform for global digital commerce, has raised $25 million in a Pre-Series B funding round led by Bajaj Finserv, underscoring investor appetite for technology-led supply chain and e-commerce enablers.

The round also saw participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal (Rupa Family Office), and other institutional and family-office investors.

Since its previous fundraise, the company said it has quadrupled revenue and tripled its valuation, while remaining profitable for seven consecutive years. Assiduus has also scaled into what it describes as the world’s third-largest technology-led e-commerce distribution and supply chain platform.

Latest news 

Cosentus launches AI platform to automate healthcare revenue cycle tasks

Cosentus, a global healthcare revenue cycle management (RCM) and technology company, has launched Cosentus.ai, an artificial intelligence platform aimed at streamlining high-volume administrative workflows across healthcare operations.

Developed by the company’s in-house AI teams, the platform deploys voice-enabled agents to handle repetitive communication between healthcare providers, patients and insurance payers. It supports more than 30 languages—including Hindi, Tamil, Arabic, Mandarin, Spanish, French and Portuguese—and can switch dynamically between languages within a single interaction.

The company said the platform is designed to automate routine tasks within revenue cycle processes, enabling teams to focus on more complex and higher-value work.

Funding News

Mave Health raises $2.1M seed round led by Blume Ventures

Neurotechnology startup Mave Health has raised $2.1 million (about Rs 18 crore) in a seed funding round led by Blume Ventures, as investor interest grows in consumer-focused mental health technologies.

The round also saw participation from Inuka Capital, Stanford Angels, founders of Groww, Raymond Russell,

Aureolis Ventures and Juhi Bhatnagar (Forj Capital), with existing backer All In Capital increasing its stake. The funding follows a $750,000 pre-seed round raised in November 2023.

Founded in 2023 by Dhawal Jain, Jai Sharma, and Aman Kumar, the company is developing a wearable headset designed to support mental health and cognitive performance in short daily sessions.

The device is based on transcranial direct current stimulation (tDCS), a technology with over two decades of research and thousands of published studies, and is being adapted for safe, at-home use in a consumer-friendly format.

IAN Group backs Rymo Technologies in Rs 10 Cr seed round

IAN Group, an early-stage investment platform, has invested in robotic neuro-rehabilitation startup Rymo Technologies as part of a seed funding round of over Rs 10 crore through its IAN Angel Fund. The round also saw participation from other angel investors.

The company said it will use the fresh capital to accelerate product innovation, expand manufacturing capabilities, and strengthen its presence across India, while scaling into international markets, including ASEAN and the Middle East

Other news

KCG College of Technology partners FANUC India to launch robotics training

KCG College of Technology has partnered with FANUC India to integrate industrial robotics and automation training into its engineering programmes, as institutions look to align curricula with the needs of advanced manufacturing.

The collaboration, formalised through a memorandum of understanding, aims to equip students with hands-on skills in robotics and smart automation, preparing them for industry roles.

The agreement was signed by Vinay Kumar M.K., Vice President of FANUC India, and Annie Jacob, Director of KCG College of Technology, at the college’s Chennai campus, in the presence of senior representatives from both organisations.

Delhivery expands international air parcel service to the UK, Canada, Australia

Delhivery has expanded its Economy Air Parcel Service under ‘Delhivery International’ to the United Kingdom, Canada and Australia, as the logistics firm looks to capitalise on growing cross-border trade demand.

The move follows the company’s December 2025 launch of the service to the United States and comes amid an expected boost in exports, including from a proposed India–UK free trade agreement and ongoing negotiations with Canada and Australia.

The expansion is aimed at enabling Indian MSMEs and enterprise exporters to ship goods such as apparel, handicrafts and electronics to consumers in these markets. The service leverages Delhivery’s domestic logistics network to connect Tier 2 and Tier 3 cities with major global hubs.

Delhivery appoints Neelam Dhawan as Chairperson, Independent Director

Delhivery has appointed Neelam Dhawan as a Non-Executive Independent Director, effective March 20, 2026, as part of a board transition.

Dhawan will take over as Chairperson of the Board from April 1, 2026, succeeding Deepak Kapoor, who is stepping down after more than eight years with the company, according to a regulatory filing dated January 31.

Veranda Learning moves ahead with commerce vertical demerger plan

Veranda Learning Solutions (VLS) has moved a step closer to demerging its commerce vertical and separately listing J.K. Shah Commerce Education Ltd. (JSCEL), following directions from the National Company Law Tribunal (NCLT), Chennai Bench.

Under a proposed composite scheme of arrangement involving VLS, Veranda XL Learning Pvt. Ltd. and JSCEL, the tribunal has directed the company to convene a meeting of its equity shareholders on April 24, 2026, via video conferencing to consider and approve the plan.

IIT Mandi launches ‘HIMSHIKHAR 2026’ summer programme for emerging tech skills

The Indian Institute of Technology (IIT) Mandi has opened applications for HIMSHIKHAR 2026, a two-month residential summer programme aimed at students and young professionals seeking industry-aligned skills in emerging technologies and entrepreneurship.

Offered through the institute’s Centre for Continuing Education, the programme is designed to bridge the gap between academia and industry through hands-on learning and real-world project work.

Participants will undergo an immersive on-campus experience, with a total of 190 hours of engagement, including 100 hours of faculty-led sessions, 50 hours of tutorials by PhD scholars, and 40 hours of sessions by industry experts.

Amagi unveils AI-powered artwork engine for streaming platforms

Amagi has introduced AI-driven Artwork Generation and Transformation within its Amagi NOW platform, aiming to automate one of the most time-intensive aspects of content distribution. Built on its Amagi Intelligence layer, the solution analyzes video content frame-by-frame to identify the most compelling image representing a title. This base image is then automatically transformed into multiple formats required across FAST, OTT, connected TV, and social platforms.

The system eliminates manual frame selection, resizing, and compliance rework, enabling faster turnaround times and reducing rejection cycles from distribution partners. It also supports branding overlays, templates, and role-based workflows within a unified platform.

Amagi said the capability addresses the growing complexity of multi-platform distribution, where a single title may require dozens of artwork variations. The company positions the solution as a way to reduce operational costs while maintaining creative control and consistency.

Bluspring to acquire STEAG India to expand power services capabilities

Bluspring Enterprises has announced the acquisition of STEAG Energy Services India through its wholly-owned subsidiary, in a deal expected to close within 60–90 days.

STEAG India, a subsidiary of Germany-based STEAG Power GmbH, provides operations and maintenance, engineering, and digital solutions across conventional and renewable energy sectors. The company manages nearly 7 GW of power assets and employs around 2,000 professionals, with annual revenues exceeding ₹600 crore.

The acquisition strengthens Bluspring’s presence across the power infrastructure value chain, enhancing its capabilities in predictive analytics, performance monitoring, and engineering services.

Bluspring said the deal aligns with its strategy to build an end-to-end infrastructure services platform and is expected to be margin and EPS accretive. It also positions the company to capitalize on India’s expanding power generation capacity, now exceeding 500 GW.

Infosys, Formula E launch AI-powered Race Centre for fan engagement

Infosys and Formula E have launched an AI-powered Race Centre, designed to deliver immersive, real-time race experiences for fans.

Powered by Infosys Topaz, the platform integrates AI-generated commentary, predictive insights, race analytics, and interactive features such as podium predictions and fan voting. It processes over 1.5 million data points per race using agentic AI to provide synchronized storytelling and visualization.

The Race Centre also includes features like PIT BOOST tracking, driver event timelines, and dynamic race visualisations, offering deeper engagement throughout the race lifecycle. Infosys said the initiative marks a shift from data-driven insights to fully immersive fan experiences, aligning with Formula E’s strategy to attract digitally native audiences.

Ampivo appoints Anupam Shah as COO to drive AI-led expansion

Ampivo Smart Technologies has appointed Anupam Shah as Chief Operating Officer, as it accelerates growth across AI, digital infrastructure, and sustainability platforms.

Shah brings experience across AI, fintech, and blockchain, with prior roles spanning venture building, capital formation, and product development. He has been associated with Chainrisk Labs and has contributed to DeFi infrastructure and risk management systems.

In his new role, Shah will focus on building high-performance teams, driving AI-led product development, and scaling execution across enterprise use cases. He will also support partnerships and capital formation initiatives.

DSW launches UnifyAI OS to operationalise enterprise AI at scale

Data Science Wizards (DSW) has unveiled UnifyAI OS, an enterprise AI operating system designed to help organisations move from fragmented experimentation to governed, production-grade AI deployment.

The platform enables enterprises to build, integrate, deploy, and manage AI systems at scale while retaining full ownership of models, workflows, and source code—addressing growing concerns around vendor lock-in. It supports deployment across on-premises, private cloud, and hybrid environments, allowing organizations to choose their own infrastructure and hyperscalers.

UnifyAI OS introduces a horizontal operating layer that embeds governance, policy enforcement, and auditability directly into AI execution. The system separates control from execution, enabling real-time monitoring, intervention, and continuous evolution of AI systems.

Kore.ai launches AMP to tackle ‘AI sprawl’ in enterprises

Kore.ai has launched its Agent Management Platform (AMP), a unified command centre designed to govern, monitor, and manage AI agents across enterprise environments.

The platform addresses the growing challenge of “AI sprawl,” where organizations operate multiple disconnected AI systems across teams and tools. With analysts predicting thousands of AI agents per enterprise by 2028, AMP aims to bring centralized visibility, governance, and performance tracking.

AMP supports integration across diverse frameworks and platforms, including LangGraph, CrewAI, AutoGen, and major cloud ecosystems. It consolidates observability, governance enforcement, and value measurement into a single operational layer.

Kore.ai said the platform will help enterprises transition from fragmented AI initiatives to controlled, scalable deployments, while strengthening accountability and operational efficiency.