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India Digest: 4baseCare, Mysa, SpotDraft raise funding

India Digest: 4baseCare, Mysa, SpotDraft raise funding

Photo: Unsplash

Pramugdha Mamgain

27 January, 2026

4baseCare has announced the first close of its Series B funding round; Mysa has raised $3.4 million in its pre-Series A round; while SpotDraft has raised $8 million.

4baseCare raises $9.8m funding

4baseCare, a precision oncology company building population-relevant clinico-genomic intelligence, on Tuesday announced the first close of its Series B funding round, raising nearly $9.8 million (Rs 90 crore).

The round was co-led by renowned investors Ashish Kacholia and Lashit Sanghvi with participation from existing investor Yali Capital, per a company statement.

The company had earlier raised Rs 50 crore in its Series A funding round led by Yali capital and participated by Infosys.

In the statement, the company said the funds from the first close will be used to expand 4baseCare’s hospital-linked genomics lab network across India, the Middle East, Southeast Asia, Latin America, and Central Asia, with the vision of making precision oncology more inclusive and accessible to cancer patients across geographies.

4baseCare will also accelerate the development and deployment of its AI-driven clinical decision support solutions, including OncoTwin Insights, to help oncologists derive actionable treatment insights from real-world clinico-genomic and outcomes-linked datasets, it added.

Mysa bags $3.4m in pre-Series A round

Fintech startup Mysa has raised $3.4 million in its pre-Series A round of funding co-led by Blume Ventures and Piper Serica, it announced on Tuesday.

The funding also saw participation from new investors Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and  Neon Fund. This brings the total funding raised so far to $6.2 million.

The company will deploy the new capital to deepen its AI capabilities and banking product offerings, including AI-enabled procurement, UPI-driven expense management, and a corporate credit card offering, it said in a statement.

Mysa also plans to unlock embedded financing opportunities by leveraging its growing vendor network while continuing to expand bank partnerships and scale distribution across India’s mid-market segment.

In less than a year of its public launch, Mysa claims to have processed over Rs 1,500 crore in annualised transaction volume, driving payments to over 40,000 bank accounts across the country.

Qualcomm leads funding in SpotDraft

SpotDraft, an AI-powered contract lifecycle management (CLM) platform, has raised $8 million from Qualcomm Ventures in an extended Series B funding round.

The investment follows SpotDraft’s $56-million Series B raise in February 2025.

In a statement, SpotDraft said it will use the funding proceeds to deepen its product and AI capabilities and expand its enterprise presence across the Americas, EMEA, and India, and the relationship extends beyond capital.

“This investment validates the architectural direction we’ve taken with SpotDraft,” said Shashank Bijapur, co-founder and CEO, SpotDraft. “Legal teams handle some of the most sensitive business information, yet most AI tools still require sending that data to external cloud models. We’ve developed the SpotDraft platform to run core contract intelligence workflows locally on device, giving legal teams AI capabilities without compromising performance, privacy, security, or control.”

VerifAI, SpotDraft’s AI-powered contract review tool, runs entirely on device, including embeddings, clause extraction, risk scoring, and applying edits directly on Snapdragon processors. While the application requires Internet connectivity for sharing, login, and licence checks, contract review, risk scoring, and editing execute completely offline on the local machine.

Edited by: Joymitra Rai

4baseCareBlume VenturesMysaPiper SericaQualcomm VenturesSpotDraftYali Capital

Printed by Unregistered user on Wed, 28 Jan 2026 21:50:09 GMT

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