Generative artificial intelligence startup Simplismart is set to raise nearly Rs 97 crore (around $9 million) in a Series B funding round led by Dallas Venture Capital, with participation from existing investors Accel India and Shastra VC, as well as new investor Micromax Informatics. The board of Simplismart has approved a resolution to issue 12,100 CCPS at an issue price of Rs 37 lakh each to raise the capital, according to its regulatory filings reviewed by Entrackr. Dallas Venture Capital will invest Rs 44.84 crore, followed by Accel India with Rs 24.09 crore. Shastra VC will infuse Rs 22.24 crore, while Micromax Informatics will invest Rs 5.19 crore. Tarusa Capital and Simraan Teckchandani will also participate in the round with investments of Rs 37 lakh each. According to Entrackr's estimates, the Bengaluru-based company will be valued at around Rs 826 crore post allotment. The fresh capital will be used to support the company's long term growth plans, including business expansion, working capital requirements, and other general corporate purposes. Founded in 2022 by former Oracle and Google engineers Amritanshu Jain and Devansh Ghatak, Simplismart develops AI infrastructure software that enables enterprises to deploy, manage, and optimize production grade AI models without writing code. Its inference-first platform improves GPU utilization and reduces inference costs across workloads such as large language models (LLMs), vision language models, speech recognition, and image and video generation. The startup counts Tata 1mg, Mindtickle, InVideo, and Dashtoon among its customers, and has partnered with Nvidia to make its AI inference platform available on the chipmaker's infrastructure. In May 2026,The Economic Timesreported that Nvidia was in talks to lead a $20 million funding round in Simplismart. Previously, it raised$7 millionin October 2024. Following the allotment, Accel India will remain the company's largest institutional shareholder with a 19.92% stake. Dallas Venture Capital and Shastra VC Fund II will hold 6.23% and 2.69%, respectively, while Micromax Informatics will own 0.63% of the company. The company is yet to generate significant operating revenue. Its operating revenue doubled to Rs 1.22 crore in FY25 from Rs 61 lakh in FY24, while its losses widened to Rs 9.02 crore from Rs 67 lakh in the previous fiscal. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
