New Delhi, Oct. 29 -- A startup that is building a memory infrastructure platform to quickly deploy AI agents and another selling confectionary looking to expand into smaller towns have raised early-stage capital.

Business-to-business service provider StampMyVisa has raised a bridge round.

Mem0

Mem0, a memory infrastructure platform for AI agents, has secured $24 million (around Rs 212 crore) in a combined Seed and Series A funding round, led by California-based Basis Set Ventures, with participation from Peak XV Partners, Kindred Ventures, GitHub Fund, and Y Combinator.

The round also saw participation technology leaders Scott Belsky and Dharmesh Shah, alongside CEOs of major infrastructure companies including Olivier Pomel (Datadog), Paul Copplestone (Supabase), James Hawkins (PostHog), Thomas Dohmke (ex-GitHub), and Lukas Biewald (Weights & Biases).

Mem0, founded in 2023 by Taranjeet Singh and Deshraj Yadav, provides production-ready agent memory infrastructure that developers can integrate with three lines of code. The offering is meant to enable personalization, continuity, and long-term learning across interactions with AI agents.

"Every agentic application needs memory, just as every application needs a database. We're using this funding to become the default memory layer for AI agents and LLMs - making LLM memory as accessible and reliable as databases or authentication," said Taranjeet Singh, co-founder and CEO of Mem0.

Oroos

Packaged-foods and confectionary brand Oroos has pocketed Rs 20 crore (around $2.3 million) in funding from consumer-focused early-stage investor Fireside Ventures.

The State Bank of India (SBI) and a set of strategic angel investors, including Vikash Agarwalla of BCG India, Sanjay Wali of VST Industries among others also participated in the round.

The capital will be used to establish a fully automated manufacturing facility in Greater Noida and to build Oroos's distribution network across Tier 2 and Tier 3 towns, where the demand for good quality yet affordable confectionery is accelerating fastest.

Oroos is supported by SBI's Startup Branch scheme.

StampMyVisa

StampMyVisa, a business-to-business focused visa processing company, has raised Rs 4 crore (around $450,000) in a bridge round led by its existing investor Unicorn India Ventures.

The bridge round follows its seed round last year, when Unicorn India Ventures invested Rs 6.6 crore in the startup, which is gearing up for a larger Series A round in the next financial year.

StampMyVisa is a travel and visa processing startup, which enables travel agents including online travel agents (OTAs) and corporates to process visas for over 80 countries. The company in August said it is acquiring travel-tech startup Teleport, which was backed by CRED founder Kunal Shah, to expand its operations in South India.

The company will use the funds for growth, marketing and supporting the acquisition of Teleport.

Published by HT Digital Content Services with permission from VC Circle.