Insurtech startup Pibit.AI secured $7 million in a funding round backed by Stellaris Venture Partners. The company focuses on AI-driven underwriting, risk scoring and fraud detection for insurance providers. The new capital will support expansion into health and motor insurance, enhancement of proprietary risk engines and hiring across product and analytics teams.

Meesho’s ₹5,421 crore IPO opens on December 3 with a 31% GMP, reflecting strong early interest in its zero-commission, value-commerce model. The platform has scaled rapidly with 214 million users by Q1 FY26 and 1.83 billion orders in FY25. Revenue rose to ₹9,390 crore, though profitability remains uneven. With India’s retail market growing fast, improving engagement and strong GMP make Meesho a compelling medium term opportunity despite competition and margin risks.