Funding · AI & Deep Tech

Simplismart raises ₹97 crore in Series B round

By Startup Enthusiast · 4 August 2026

What they do

Simplismart builds no-code software to deploy and optimise AI models in production

It raised about ₹97 crore ($11.6 million) in Series B funding led by Dallas Venture Capital

The company's revenue doubled to ₹1.22 crore in FY25 but losses widened to ₹9.02 crore

Simplismart raised about ₹97 crore ($11.6 million) in a Series B round.
The round was led by Dallas Venture Capital, which invested ₹44.84 crore.
Existing investors Accel India (₹24.09 crore) and Shastra VC (₹22.24 crore) also participated.
New investor Micromax Informatics put in ₹5.19 crore.
Tarusa Capital and Simraan Teckchandani each invested ₹37 lakh.
The company issued 12,100 CCPS (compulsorily convertible preference shares) at ₹37 lakh each.
Post-allotment valuation is estimated at ₹826 crore.
Funds will be used for business expansion, working capital, and general corporate purposes.

In May 2026, Nvidia was reported to be in talks to lead a $20 million round in Simplismart.
The company's operating revenue doubled to ₹1.22 crore in FY25 from ₹61 lakh in FY24.
However, losses widened sharply to ₹9.02 crore from ₹67 lakh in FY24.
Post-allotment, Accel India became the largest institutional shareholder at 19.92%.

Simplismart provides no-code AI infrastructure software for deploying, managing, and optimising production AI models.
Its inference-first platform improves GPU utilisation and cuts inference costs for large language models, vision models, speech recognition, and image/video generation.
Customers include Tata 1mg, Mindtickle, InVideo, and Dashtoon.
It has a partnership with Nvidia for AI inference on Nvidia infrastructure.
The platform supports 150+ open-source models, custom weight imports, and a pay-as-you-go pricing model.
Deployment options include cloud, private VPC, or on-premises, with a single control plane across 15+ clouds.
GPU options include B200s, H100s, A100s, L40S, and A10G.
Features include autoscaling in under 500ms, scale-to-zero, custom CUDA kernels, 99.99% uptime, and compliance with GDPR, ISO 27001, and SOC 2.

Use funds for business expansion, working capital, and general corporate purposes.

Dallas Venture Capital (lead) — Lead investor in the Series B round, investing ₹44.84 crore.
Accel India (existing) — Existing investor, invested ₹24.09 crore; post-allotment largest institutional shareholder at 19.92%.
Shastra VC (existing) — Existing investor, invested ₹22.24 crore; post-allotment holds 2.69%.
Micromax Informatics (new) — New investor, invested ₹5.19 crore; post-allotment holds 0.63%.
Tarusa Capital (participated) — Invested ₹37 lakh.
Simraan Teckchandani (participated) — Invested ₹37 lakh.