Freshworks' Q2 2026 Success & Startup Funding Roundup
Freshworks turns profitable in Q2 2026, and a roundup of startup funding highlights including InRisk Labs, Hulp, Vingo, and more.
LazyFounders
Freshworks' Q2 2026 Success & Startup Funding Roundup
30 SEC SUMMARY
- Freshworks reports a profitable Q2 2026 with a 16% revenue increase.
- Insurtech startup InRisk Labs secures $27M in Series A funding.
- Personal assistance platform Hulp raises $2.6M seed funding.
- Vingo secures Rs 10 crore in seed funding to expand its re-commerce platform.
TABLE OF CONTENTS
KEY HIGHLIGHTS
- Freshworks returns to profitability with a $3.2M net profit in Q2 2026.
- InRisk Labs secures $27M to enhance its AI capabilities and expand coverage.
- Hulp raises $2.6M to scale its AI-powered personal assistance platform.
Freshworks Q2 2026 Success
In a significant milestone, Nasdaq-listed software-as-a-service (SaaS) company Freshworks has reported a return to profitability in the second quarter of 2026, with a 16% increase in revenue as demand for its artificial intelligence (AI) offerings continued to strengthen. The company posted a net profit of $3.2 million for the quarter, compared to a net loss of $1.7 million in the corresponding period last year. Revenue rose to $237.4 million in the April-June quarter from $204.7 million a year earlier.
Startup Funding Highlights
InRisk Labs
Ahmedabad headquartered insurtech startup InRisk Labs has raised $27 million in a Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital. InRisk Labs will use the funds to deepen the group’s underwriting, actuarial, catastrophe-modelling and AI capabilities; expand its coverage across natural catastrophe and climate risk, as well as other non-life segments such as marine cargo and motor; and to accelerate development of parametric and structured reinsurance products. It will also utilise the capital to scale the operations of its subsidiary, EarthRe.
Hulp
Personal assistance platform Hulp has raised $2.6 million in a seed funding round led by Sparrow Capital and BITKRAFT Ventures, with participation from DeVC (Z47) and angel investors including PB Fintech Co-founder and Chairman Yashish Dahiya. The funding will support expansion of the company's AI workflows, strengthen technology, product and leadership teams, and scale operations across India. Founded by former PolicyBazaar executive Tarun Mathur, Neha Kulwal and Vishal Singh Khutel, Hulp combines AI with human personal assistants to help users manage everyday household and lifestyle tasks. The company currently operates in Delhi-NCR and plans to expand to six more cities.
Vingo
Consumer-to-consumer marketplace Vingo has raised Rs 10 crore, about $1.2 million, in a seed funding round led by IndiaQuotient, with participation from Inuka Capital and Credgenics Founder Rishabh Goel. The funds will be used to strengthen the platform, expand its trust infrastructure, study user behaviour, and support targeted marketing. Founded in 2026 by students from BITS Pilani and IIT Delhi, Vingo enables users to buy and sell pre-owned products through identity verification, community-led discovery, escrow-backed payments, and bidding. The platform currently operates in Bengaluru and plans to strengthen its position in India's growing re-commerce market.
Other Notable Developments
Zoppler Systems
Finvolve and India Accelerator have invested Rs 6.5 crore in defence and dual-use technology startup Zoppler Systems to accelerate product development, expand engineering capabilities, strengthen field validation, and scale deployments. Zoppler develops indigenous RF (radio frequency) sensing products and a vendor-agnostic Edge AI-powered autonomy platform that detects, locates and classifies RF activity while enabling real-time decision-making across airborne, ground, naval, and future space applications.
Cars24 and DPIIT Partnership
Cars24 has signed a memorandum of understanding with the Department for Promotion of Industry and Internal Trade (DPIIT) to support India's startup ecosystem through AI, mobility and road-safety initiatives. The collaboration will provide early-stage startups with founder mentorship, AI enablement, skilling, investment access and market linkages.
QubeHealth-Pay and Petos Partnership
Healthcare financial platform QubeHealth-Pay has partnered with pet health insurance platform Petos to integrate QubePay into the Petos app. The integration enables Petos policyholders to pay veterinary bills, earn healthcare-linked cashback and access Qube's affordability tools alongside their insurance benefits.
Cisco and IIT Delhi AI and Cybersecurity Hub
Cisco and IIT Delhi have launched the Cisco Technology Hub on AI and Cybersecurity to strengthen research, innovation and skill development in India. The three-year collaboration will focus on advancing AI and cybersecurity research, building talent and fostering ecosystem partnerships.
BLUE's AI-native Video Infrastructure
Bengaluru-based AI startup BLUE (KGraph AI Solutions) has launched an AI-native enterprise video infrastructure platform powered by a semantic codec that compresses video by encoding its meaning instead of raw data. The company said the platform can reduce bandwidth consumption by up to 90%, lower storage costs by up to 10 times, and cut compute requirements for semantic video retrieval by 5-10 times, helping enterprises reduce operational expenses by up to 40%.
Aziro's CAWi Enterprise AI Assistant
AI-first product engineering company Aziro has launched CAWi, an AI-native enterprise assistant designed to help organisations access information spread across multiple internal systems. Unlike conventional AI assistants, CAWi securely connects with existing enterprise applications without copying sensitive data, allowing employees to retrieve information and execute tasks from a single interface.
Cloud.in's Quantum Governance Platform
Hostin Services Pvt. Ltd. (Cloud.in), an AWS Premier Tier Services Partner, has launched QPulse, an enterprise platform designed to provide governance, visibility and consumption insights for quantum computing environments. Initially developed for Amazon Braket workloads, the platform has been designed as a technology-agnostic solution capable of supporting broader quantum ecosystems.
Com Olho's Cybersecurity Patent
Deeptech cybersecurity company Com Olho has received a 20-year patent from the Indian Patent Office for its AI-powered crowdsourced cybersecurity threat identification and management system. The patented technology combines artificial intelligence with a nationwide network of vetted cybersecurity researchers to enable continuous threat discovery, vulnerability validation and risk management.
Tribe Kombucha's Automated Manufacturing Plant
Tribe Kombucha has inaugurated a dedicated manufacturing facility near Saputara in Gujarat, becoming one of India's first automated plants built exclusively for kombucha production. Spread across one lakh square feet, including a 24,000-square-foot precision-controlled production floor, the facility can manufacture up to one million units per month.
Newton School's Startup Incubation Programme
Newton School of Technology has strengthened its entrepreneurship ecosystem through Startup Foundry, an incubation programme that supports students in building technology startups while pursuing engineering degrees. The initiative guides founders through idea validation, prototype development, business model creation and market launch before connecting them with investors.
Medi Assist's AI-powered Healthcare Platform
Medi Assist Healthcare Services has introduced enhanced versions of its AI-powered healthcare solutions—MAven Intelligent Document Processing, MAgnum and MAven Guard—to improve claims processing for insurers and hospitals. The company said its subsidiary now completes more than half of cashless pre-authorisations within five minutes, helping patients begin treatment faster.
Matrix Geo Solutions' Drone Service Order
Matrix Geo Solutions, a geospatial technology and engineering consultancy has received a letter of acceptance from Northeast Frontier Railway for undertaking a drone-based visual, thermal and geometrical inspection of 25 kV overhead equipment under the Lumding Division.
Ionic Wealth's Wealth Intelligence Feature
Wealth-tech platform Ionic Wealth has announced the launch of Ionic Wealth AI, an institutional-grade wealth intelligence feature aimed at delivering personalised portfolio insights.
Conclusion
The latest developments in the startup ecosystem highlight the growing interest in AI-driven solutions across various sectors. From profitability turnarounds to significant funding rounds and innovative product launches, the startups are making strides to address critical industry challenges and drive growth.
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FAQ Section
What was Freshworks' net profit in Q2 2026?
Freshworks posted a net profit of $3.2 million in Q2 2026.
How much funding did InRisk Labs raise in its Series A round?
InRisk Labs secured $27 million in Series A funding.
What is the primary use of BLUE's AI-native video infrastructure?
BLUE's platform is designed to reduce bandwidth consumption, lower storage costs, and cut compute requirements for semantic video retrieval.
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Sources
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