UnifyApps Nets $50 Mn To Bolster Its AI Tech Stack

AI minicorn startup UnifyApps has raised $50 Mn (about INR 438.7 Cr) in its Series B round of funding led by WestBridge Capital, with participation from existing backer ICONIQ and a few other undisclosed investors.

The startup plans to use the new funds to grow its presence in Europe, enhance and speed up development of its platform, strengthen connections with other business software, and create a library of ready-to-use applications that companies can adopt without building from scratch.

Besides announcing the fundraise, UnifyApps also announced the appointment of ex-Sprinklr founder Ragy Thomas as its new cofounder, chairman and co-CEO, alongside existing cofounder and CEO Pavitar Singh.

Founded by Singh, Sumeet Nandal, Abhishek Kurana, Rachit Mittal, Abhinav Singi, Rahul Anishetty, Kavish Manubolu and Shivam Satrawal in 2023, UnifyApps helps businesses connect and automate their various software tools without needing to write any code. It allows companies to build custom applications and workflows by simply dragging and dropping components, making it easier to manage data and tasks across different systems. 

Additionally, UnifyApps integrates GenAI to create intelligent agents that can perform tasks such as responding to emails or updating records, streamlining operations and enhancing productivity. With its pre-built integrations and an LLM-agnostic design, UnifyApps claims to help enterprises operationalise AI securely and confidently

With this, the New York-based startup has now raised $81 Mn in funding till now, raising $11 Mn in its seed funding round and $20 Mn in its Series A round last year. 

The startup claims to have grown revenue more than 600% annually and serves global enterprises across retail, banking, travel, telecom, healthcare, public sector, and technology industries.

Based on recent Inc42 data, UnifyApps is part of India’s 67 minicorns, which are valued between $100 Mn and $200 Mn, and with the maximum spotlight on artificial intelligence, eight startups exercising in this sector including Sarvam AI and Atomicwork, among others, are part of this list.

The funding for the startup has materialised at a time when investors are cautiously optimistic on Indian AI. While enthusiasm for AI spans government, enterprises, and academia, funding in the sector remains limited. According to Inc42’s Q3 2025 survey, only 7% of Indian investors make AI a core focus, and a notable share still have minimal or no exposure.

Although AI deal counts are rising, total funding lags behind sectors like ecommerce, healthtech, and enterprise tech, reflecting investor caution amid questions around scalability, profitability, and genuine technological depth in some startups.

Despite these challenges, experts note that India’s AI ecosystem is evolving, with applied AI solutions in healthcare, manufacturing, logistics, and BFSI gaining traction.

Investors are focusing on startups with strong business cases, proprietary IP, and clear paths to profitability. While risks remain given the longer gestation of AI startups, the ecosystem is showing early signs of real momentum, with startups like QpiAI (raised $32 Mn in its Series A round in July) tapping into both investor interest and the broader shift toward enterprise AI adoption.