Dunzo co-founder Kabeer Biswas raises Rs 102 crore for new consumer AI startup ‘M’

Kabeer Biswas, known for his role as co-founder of Dunzo, has returned to the entrepreneurial landscape with a significant funding boost of ₹102 crore (approximately $11 million) for his new initiative, 'M'. This consumer AI platform aims to streamline household management through automation. Leading the investment round is Peak XV Partners, joined by contributions from Blume Ventures and CRED, founded by Kunal Shah. The startup, officially registered as Curious Digital Pvt Ltd, will issue 54,956 Series Seed compulsorily convertible preference shares, valued at ₹18,577 each, to secure this capital. Peak XV is committing ₹46.4 crore (around $5 million), while Blume Ventures and CRED are investing ₹37.12 crore ($4 million) and ₹18.56 crore ($2 million), respectively. 'M', co-founded by Biswas alongside former Dunzo president Kartik Mishra, is designed to function as a consumer AI solution that simplifies the complexities of home management. The company envisions an AI-powered concierge service that automates routine decisions and daily tasks. According to their LinkedIn profile, they state, “We believe running a household is one of the most painful and overlooked aspects of modern urban living… We are using AI to reimagine how it runs.” Biswas gained recognition for his pivotal role in establishing Dunzo in 2014, a service that began as a means for users to outsource errands like grocery pickups and deliveries. While the startup evolved into a prominent hyperlocal delivery platform, it faced challenges with cash burn and operational hurdles, leading to a scaling back of its operations. This latest fundraising effort follows Biswas' recent, albeit short, tenure at Flipkart, where he was appointed to head its quick commerce segment, Flipkart Minutes, before departing amid a broader organizational shift.