AI Startup ‘M’ by Dunzo’s Biswas Raises $11M
Key Highlights
Kabeer Biswas (ex-Dunzo) secures $11M for ‘M’, an AI startup automating home management. Backed by Peak XV, Blume, and CRED. Learn more about this innovative venture!
Kabeer Biswas, the former co-founder of Dunzo, is launching a new venture, M, securing Rs 102 crore (approximately $11 million) in funding from Peak XV Partners, Blume Ventures, and Kunal Shah’s CRED (Dreamplug Technologies).
M, co-founded by Biswas and Kartik Mishra, is designed as a consumer AI startup focused on streamlining home management by automating decisions, coordination, and routine services, according to its LinkedIn profile.
Incorporated in 2025 as Curious Digital Pvt Ltd, the company has approved the issuance of 54,956 Series Seed CCPS at Rs 18,577 each to raise capital for the round, according to regulatory filings reviewed by YourStory.
Peak XV Partners is leading the investment with Rs 46.4 crore ($5 million), while Blume Ventures and CRED are contributing Rs 37.12 crore ($4 million) and Rs 18.56 crore ($2 million), respectively.
Filings indicate that the company has already received Rs 83.53 crore (nearly $9 million), with the remaining capital expected to be infused shortly.
Following the allotment, Peak XV will hold a 15.47% stake in the company, while Blume Ventures and CRED will own 12.37% and 6.19%, respectively. Founders Biswas and Mishra will each hold 3.1%, while the PVK Family Trust, likely controlled by the founders and their families, will account for 38.67%.
This marks the first time CRED has invested in a company directly from its balance sheet.
Entrackr initially reported the development.
Biswas first gained recognition with Dunzo, which he co-founded in 2014 as a concierge-style service, enabling users to outsource everyday tasks. The Bengaluru-based startup evolved into one of India’s early hyperlocal delivery platforms, attracting investment from firms including Google and Reliance . Dunzo became known for urban convenience, establishing a presence across major cities.
However, Dunzo’s pivot into quick commerce, involving investments in dark stores and rapid delivery infrastructure, strained its finances. As competition increased from well-funded rivals, the capital-intensive model became difficult to maintain. By 2023, the company faced layoffs, vendor payment delays, and funding challenges, leading to a shutdown in early 2025.
Following his departure from Dunzo, Biswas briefly joined Flipkart to work on its quick commerce initiative, Minutes. His time there was brief, coinciding with strategic shifts within Flipkart’s quick commerce plans.