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Startup news and updates: Daily roundup (June 9, 2025)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Monday, June 9, 2025.
From Scale AI raising $10 billion from Meta to how Fraxus3D is changing the 3D modelling and printing game, YourStory brings you today’s top stories across sectors.
Featured stories
From concept to creation: How Fraxus3D is changing the 3D modelling and printing game
With in-house manufacturing and AI integration, Fraxus3D delivers industrial prototypes, government models, and AI-powered miniatures, positioning itself as a unique player.
From a small 3D operation making models and prototypes, the venture has now grown to make industrial models and miniatures for several businesses and organisations, including the Indian Railways.
Latest news:
Scale AI to raise $10B from Meta in one of tech’s largest private funding deals
Meta Platforms is considering investing over $10 billion in Scale AI, making it one of the biggest external AI investments by Facebook's parent company.
According to a Bloomberg report, the deal—potentially one of the largest ever for a private company—is still under negotiation, and the terms could change before it’s finalised.
Read more here
Funding news:
Roomstory.ai raises Rs 3 Cr in pre-Seed funding
AI-powered shopping assistant company Roomstory.ai on Monday raised Rs 3 crore in pre-Seed funding led by Rukam Sitara Fund.
Aakash Anand, Founder of Bella Vita Organic, along with Wolfpack Labs participated in the funding round.
The company expects to use the newly raised funds to enhance its AI capabilities, launch its website and mobile applications, and grow its user base.
“Roomstory is the kind of bold, intuitive idea we love to support, rooted in deep design expertise and powered by cutting-edge AI. Their platform unlocks massive potential in a category that has long lacked innovation. We believe Roomstory is poised to reshape how modern consumers design and shop for their homes,” said Archana Jahagirdar, Founder and Managing Partner, Rukam Sitara Fund.
Other news:
ETO Motors and Cashurdrive partner to launch sustainable marketing initiatives
EV-fleet operator ETO Motors on Monday partnered with transit advertising platform Cashurdrive to launch sustainable marketing initiatives in the country.
The collaboration will see over 2000 electric vehicles including ETO’s three-wheeler fleet, over 500 four-wheelers, and electric buses transformed into mobile billboards.
The initiative will be initiatives in Hyderabad, Delhi, Kevadia, Visakhapatnam, Vijayawada, Nagpur and Bengaluru.
“At ETO Motors, we believe sustainability is not just about mobility — it’s a way of life. This partnership brings together innovation, impact, and responsibility. We are proud to offer brands a platform that not only moves people but also shifts mindsets,” said Rajeev YSR, Chief Marketing Officer, ETO Motors.
Namma Yatri collaborates with Covrzy to make health coverage affordable for its drivers
Insurance-tech startup Covrzy had partnered with ride-hailing platform Namma Yatri to make health insurance affordable and accessible to its drivers and their family members across the country.
As a part of this strategic, long-term collaboration, Covrzy shall integrate its embedded health insurance offerings within and onto the driver-facing app of Namma Yatri, ensuring that insurance products from insurers are made accessible directly to the driver captains.
The partnership will be rolled out in Bengaluru for its initial phase and said that this will benefit over the 3000 driver-captains across the city in the next few months. Over the next 12-18 months, the initiative will be made available to the 50,000 drivers across cities where Namma Yatri operates.
Meritto launches agentic AI build for education
Meritto, a product of NoPaperForms, on Monday launched an agentic AI built for education.
Built natively into Meritto’s Vertical SaaS platform, Mio AI brings domain-trained, configurable AI agents that work across enrolment portals, marketing sites, communication channels, and internal workflows.
These agents take initiative, adapt in real-time, and optimise for institutional outcomes like conversion, retention, and efficiency. With Mio, AI shifts from being a tool institutions use, to a teammate they rely on.
While traditional automation tools operate at the surface responding to inputs, handling tickets, Mio AI embeds itself within the institution’s actual rhythm. It draws knowledge from the institution’s knowledge hub and syncs in real time.
(This article will be updated with the latest news throughout the day.)
