India, Oct. 6 -- GenAI startup GreyLabs AI has raised INR 85 Cr (nearly $10 Mn) in its Series A round led by Elevation Capital. The round also saw participation from existing backer Z47 (formerly Matrix Partners India) and other undisclosed angel investors.

In a statement, the startup said that the funding will be deployed to ramp up its tech stack, add more customers to its kitty, expand footprint, and enhance on-ground client support.

This comes three months after Inc42 exclusively reported that the Mumbai-based startup was raising around $10 Mn from Elevation Capital, Z47 and other backers.

Founded in 2023 by Aman Goel, Harshita Srivastava, Shivam Gupta, Raj Sanghavi, Debabrata Basak and Shreyas Patel, GreyLabs AI helps financial in...