Funding · Professional & Local Services
Ex-Dunzo founder raises ₹102 Cr seed round
By Startup Enthusiast ·
- Date
- Company
- M
- What it does
- Home management automation tools
- Kind
- Funding
- Amount
- ₹102 Cr
- Stage
- seed
- Founded
- 2025
What they do
M builds tools to automate home management decisions and services
What happened
It raised a ₹102 Cr seed round from Peak XV, Blume, and CRED
Why it matters
The round values the startup at over ₹500 Cr post-money
The details
- MeitY notified the Online Gaming Act, 2025, effective May 1, 2026.
- The Online Gaming Authority of India (OGAI) will classify games as money game, esports, or social game.
- OGAI can impose penalties, suspend registrations, and block operations for violations.
- Banks and payment gateways must verify gaming platform registration before processing payments.
- New rules mandate age verification, parental controls, grievance redressal, and fair play monitoring.
- Complaints first go to the platform, then escalate to PGAI, then to MeitY secretary.
- The Act, passed in August 2025, banned online real-money gaming.
The bigger picture
- The online real-money gaming sector raised over $3 Bn and employed nearly 2 Lakh people over the past decade.
- Dream11 pivoted toward watch-along and fintech after the ban.
- MPL and Games 24x7 shuttered significant portions of operations after the ban.
About the business
- M was founded late last year by Kabeer Biswas and Kartik Mishra.
- It is likely building tools to automate home management decisions and services.
- The company has not publicly disclosed its product or revenue yet.
The deal
- Type
- seed
Investors
- Peak XV Partners (lead) — Will hold **15.5%** in M post allotment.
- Blume Ventures (participated) — Will hold **12.4%** in M post allotment.
- CRED (participated) — Will hold **6.2%** in M post allotment.
Founders
- Kabeer Biswas, Cofounder
- Kartik Mishra, Cofounder
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