Former Dunzo founder Kabeer Biswas is raising ₹102 crore for his new consumer AI startup, M, at a ₹300 crore valuation.
Peak XV Partners led the seed round alongside Blume Ventures and a rare direct balance-sheet investment from CRED.
The startup aims to function as an AI concierge, automating household management and shifting away from operations-heavy quick commerce.
Co-founded with Kartik Mishra, the company has set aside a 21.11% ESOP pool while the PVK Family Trust retains a majority 38.67% holding.
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