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Daily Indian Funding Roundup & Key News - 18 Augus

Daily Indian Funding Roundup & Key News - 18 August 2026: NeoGeo Raises $20 Million, Lissun Raises ₹48 Crore, Razorpay Launches AI Model Vulcan

· Funding · StartupTalky

Four funding rounds closed on 18 August 2026, spanning geospatial tech, child healthtech, AI lending and travel. Neev II Fund, Aavishkaar Capital, Colossa Ventures and Norwest were among the day's lead investors. The headline raise is NeoGeo's $20 million Series A round. Away from funding, Uber partnered with ixigo to add train ticket booking to its app, Colgate-Palmolive turned to Bombay Shaving Company to fix Palmolive's D2C business, and Razorpay launched its AI foundation model Vulcan. NeoGeo raised $20 million in Series A funding led by Neev II Fund and Aavishkaar Capital. The funds will expand its platform and product portfolio, support entry into the Middle East and the Americas, and strengthen its team. Founded in 2019 by Sreeramam GV, NeoGeo is a Gurugram-based geospatial technology company that provides GIS-referenced platforms for urban governance, infrastructure and natural resource management. It has executed more than 200 projects, mapped over 5 lakh sq km, and manages more than 550 CORS stations. Rezolv raised $12.5 million in Series Afunding led by Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital. The funds will strengthen its AI capabilities across sales, risk, underwriting and collections. Founded in 2024 by Karan Mehta and Sonali Jindal, former founders of Kissht, Rezolv is an AI-native lending technology platform for banks and NBFCs. It has partnered with more than 22 lenders, including AU Small Finance Bank and ICICI Bank, and powers 6.5 million minutes of borrower conversations every month. Lissun raised INR 48 crore in Series A fundingled by Colossa Ventures, with participation from Physis Capital and existing investors including RPSG Capital Ventures and Rainmatter. The funds will expand its Sunshine by LISSUN centres, build AI-led tools, and strengthen clinical processes. Lissun is a healthtech company focused on children with special needs and developmental delay. Its Sunshine by LISSUN brand has grown fourfold over the past year, now runs 25 centres delivering more than 10,000 monthly therapy sessions, and is on track for 50 centres by next year. Atravelq raised a fresh funding roundat an equity valuation of INR 10 crore, backed by its seed investors and founding stakeholders. The amount raised was not disclosed. The capital will go towards technology, customer experience and expansion in select growth markets. Atravelq is a Chandigarh-based travel company offering personalised international holiday packages, visa services, flights, hotels and concierge services across more than 180 destinations, including Europe, Japan, Southeast Asia and New Zealand. It has served more than 10,000 travellers and facilitated close to 6,000 international journeys. Uber launched train ticket booking on its app in partnership with ixigo, letting users book train tickets, check PNR status and connect their first and last mile journeys within a single app. ixigo will provide the b

Original source: StartupTalky
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