Peak XV Investment in Early-Stage AI Companies

Peak XV has committed resources to five pioneering AI startups showcased at the Impact AI PitchFest, which was part of the India AI Impact Summit 2026. The funding announcements were made during the PitchFest, where startup founders presented to investors, operators, and leaders within the AI ecosystem at the summit. The newly funded startups include Companion Labs, Kello, Memfold AI, Round1, and Zoop.

Companion Labs: AI for India’s Cultural Landscape

Companion Labs focuses on creating interactive and entertainment-driven AI experiences tailored for India’s diverse linguistic and cultural demographics. The firm, co-founded by Akshay Jhanwar and Ajit Pol, allows users to delve into alternative lives, careers, and dreams via narratives powered by artificial intelligence.

Kello: Enhancing Hiring Decisions

Kello leverages real-world capability signals to surpass conventional metrics like pedigree and job titles, aiding businesses in making informed hiring choices. The platform has already mapped over 32 million professionals and aims to expand its reach to an additional 100 million by 2026.

Memfold AI: Redefining Workspaces with AI

Co-founded by Vinod Ganesan and Nischith Shadagopan, Memfold AI is on a mission to create a new generation of AI-driven workspaces that fundamentally transform the approach to knowledge work.

Round1: AI-Driven Interview Solutions

Round1, established by Saumil Tripathi, Shreeyash Dharmadhikari, and Jainam Talsania, collaborates with leading Indian startups, conducting over 500 AI-facilitated interviews daily. The company boasts an impressive 90% qualification rate from initial to subsequent interviews.

Zoop: Scalable AI Agents for Sellers

Zoop develops scalable AI agents that integrate with sellers’ current operations. This encompasses a variety of functions, including voice-based product cataloguing, personalised AI coaching, and agents for marketing and social media purposes.