Kabeer Biswas, best known as the co-founder of Dunzo, has raised ₹102 crore (around $11 million) for his new artificial intelligence startup named ‘M’, marking his return to the startup ecosystem after a brief stint away from entrepreneurship. The funding round has been led by Peak XV Partners, with participation from Blume Ventures and fintech company CRED, according to regulatory filings.
The new venture has been incorporated under the name Curious Digital Pvt Ltd and is positioned as a consumer-focused AI platform. The funding has been raised through the issuance of compulsorily convertible preference shares, reflecting early investor confidence in the idea and its execution potential.
This development is significant as it indicates Biswas’s comeback after Dunzo’s struggles and eventual shutdown of operations in early 2025. His new venture indicates a shift in focus from hyperlocal delivery to artificial intelligence-driven consumer services.
“Kabeer Biswas raises ₹102 crore for AI startup ‘M’.”~Economic Times
‘M’ Aims to Simplify Household Management Through AI:
In basic terms, “M” is being developed as an AI-powered concierge platform that automates everyday tasks and decision-making to make daily life easier. By actively carrying out tasks on behalf of consumers rather than merely responding to questions, the startup aims to surpass conventional chatbots.
The platform is expected to help users manage routine activities such as booking services, coordinating schedules, and making everyday decisions essentially acting as a digital assistant for modern households.
Biswas has co-founded the venture with Kartik Mishra, a former senior executive at Dunzo, bringing continuity in consumer-tech experience. Their combined expertise is expected to play a crucial role in building a product that addresses real-world problems faced by urban users.
“AI concierge startup ‘M’ aims to simplify daily life.”~YourStory
Strong Investor Backing Signals Confidence in AI-led Consumer Services:
The funding round reflects strong backing from some of India’s most prominent investors. Peak XV Partners is leading the round with an investment of approximately ₹46.4 crore, while Blume Ventures and CRED have contributed ₹37.12 crore and ₹18.56 crore respectively.
Post funding, the startup is estimated to be valued at around ₹300 crore, underlining investor optimism around AI-led consumer platforms in India.
The structure of the cap table also highlights a long-term approach, with a significant portion reserved for employee stock options, indicating plans for aggressive hiring and product development in the coming months.
“Peak XV, Blume, CRED back Kabeer Biswas’ AI venture.”~Business Today
AI Startups Gaining Momentum in India:
Biswas’s new venture comes at a time when AI startups are witnessing a surge in funding and attention in India. Investors are increasingly betting on companies that can apply artificial intelligence to solve everyday problems, particularly in consumer-facing sectors.
The concept of an AI concierge is still evolving, but it represents a broader shift toward automation of routine life tasks, something that could redefine how users interact with technology. Industry experts believe such platforms could become central to digital ecosystems in the coming years.
“AI startups in India see rising investor interest.”~Inc42
For Biswas, ‘M’ represents a fresh start and an opportunity to build something fundamentally different from his previous venture. While Dunzo focused on logistics and delivery, this new platform is centered on intelligence and automation, reflecting how the startup landscape itself is evolving.
If successful, ‘M’ could emerge as one of the early movers in India’s consumer AI space, setting the stage for a new category of digital services. As funding flows into the sector and innovation accelerates, ventures like this could play a key role in shaping the next phase of India’s tech ecosystem.
