Daily Indian Funding Roundup & Key News - 24 September 2026: Ema Raises $77 Million, PB Fintech Crashes 36% On IRDAI Commission Cap Plan

Here's your daily dose of Indian startup funding roundup and key business news for 24 September 2026. Ema raises $77 million, and PB Fintech crashes 36% on IRDAI's commission cap plan. Four funding rounds closed on 24 September 2026, spanning enterprise AI, lab-grown diamond jewellery, AI coding agents and primary healthcare infrastructure. Creaegis, Divisa Family Office, Y Combinator and SteerX VC were among the day's lead investors. The headline raise is Ema's $77 million Series B round to scale its agentic AI Employee platform. Away from funding, PB Fintech crashed 36% and Turtlemint hit its lower circuit after IRDAI proposed sweeping insurance distribution reforms, NSE made a muted stock market debut, and Moneyview's IPO was subscribed 65% on its first day of bidding. Ema raised $77 million in a Series B round led by Bengaluru-based venture firm Creaegis, with existing investors Accel, S32 and Prosus all increasing their stakes. The round takes Ema's total funding to $140 million and more than quadruples its valuation from its $50 million Series A in 2025, though the company did not disclose the new figure. The funds will scale Ema's go-to-market organisation, with several senior leaders already hired, and continue investment in its platform. Founded by Surojit Chatterjee, San Francisco-based Ema builds an enterprise platform for agentic AI Employees thatautomate workacross HR, IT and finance functions. The company's AI Employees now handle more than 1 million IT service management tickets and 1 million calls across 15 languages annually, supporting an employee assistant used by more than 240,000 associates across 65 countries. ONYA raised INR 12.5 crore in a pre-Series A round led by Divisa Family Office, with existing investor Zeropearl VC doubling down after leading the startup's INR 5.5 crore pre-seed round in November 2025. The fresh funds will accelerate retail expansion into Pune and Hyderabad, strengthen digital customer acquisition and online personalisation, and deepen R&D in jewellery design and manufacturing. Founded in 2024 by Himani Yadav and Gaurav Choudhary, ONYA is a Bengaluru-based lab-grown diamond jewellery brand offering IGI-certified diamonds set in BIS-hallmarked gold, along with a lifetime exchange and buyback policy. The company has scaled to eight flagship stores across Bengaluru, Pune and Hyderabad within 20 months, with a monthly recurring revenue of INR 3.5 crore. ByteAsk raised $1 million in a pre-seed roundled by Y Combinator, with participation from Entrepreneur First and angel investors from global quantitative trading firms. The funds will go towards product and infrastructure development, hiring engineers in San Francisco and India, GPU compute and training data, and building enterprise-grade security, privacy and on-premises infrastructure for clients in sensitive industries. Founded in June 2026 by IIT Delhi alumni Anirudha Kulkarni and Pratyush Saini, ByteAsk is a San Francisco-based developer-tools compa

Original source: StartupTalky