Former Dunzo co-founder Kabeer Biswas is raising Rs 102 crore (about $11 million) for his new venture, M, from Peak XV Partners, Blume Ventures, and Kunal Shah’s CRED (Dreamplug Technologies).
Co-founded by Biswas and Kartik Mishra, M is positioned as a consumer AI startup focutilized on simplifying 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 further display that the company has already received Rs 83.53 crore (nearly $9 million), with the remaining capital expected to be infutilized 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 is the first time CRED has invested in a company out of its balance sheet.
Entrackr reported the development first.
Kabeer Biswas first built his mark with Dunzo, which he co-founded in 2014 as a concierge-style service that allowed utilizers to outsource everyday tinquires, from picking up groceries to handling errands.
The Bengaluru-based startup evolved into one of India’s earliest hyperlocal delivery platforms, attracting backing from investors including Google and Reliance Retail. At its peak, Dunzo became synonymous with urban convenience, building a strong presence across major cities.
However, Dunzo’s aggressive pivot into quick commerce, marked by investments in dark stores and rapid delivery infrastructure, strained its finances and operations.
As competition intensified from deep-pocketed rivals, the capital-heavy model proved difficult to sustain. By 2023, the company was grappling with layoffs, vfinishor payment delays, and funding constraints, ultimately leading to a shutdown in early 2025.
Following his exit, Biswas briefly joined Flipkart to work on its quick commerce initiative, Minutes, in what was seen as an attempt to rebuild within a larger platform. His stint, however, was short-lived, coinciding with strategic shifts within Flipkart’s quick commerce ambitions.
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