Peak XV invests in five early stage AI companies at Impact AI PitchFest

Peak XV has invested in five early-stage AI companies at Impact AI PitchFest, held as part of the India AI Impact Summit 2026.

The investments were announced at the Impact AI PitchFest, where founders presented to investors, operators, and ecosystem leaders during the India AI Impact Summit.

The startups that secured funding are Companion Labs, Kello, Memfold AI, Round1, and Zoop. Companion Labs aims to build interactive, entertainment-led AI experiences tailored for India’s vernacular and culturally diverse audiences.

Co-founded by Akshay Jhanwar and Ajit Pol, Companion Labs enables users to explore alternate lives, careers, and aspirations through AI-powered narratives.

Kello analyses real-world capability signals to move beyond traditional proxies such as pedigree or job titles, helping enterprises make better hiring decisions. It has mapped over 32 million professionals and is on track to map another 100 million in 2026.

Co-founded by Vinod Ganesan and Nischith Shadagopan, Memfold AI is building a new generation of AI-native workspaces designed to fundamentally change how knowledge work gets done.

Round1, co-founded by Saumil Tripathi, Shreeyash Dharmadhikari, and Jainam Talsania, works with leading Indian startups and conducts over 500 AI-led interviews per day, achieving a 90% qualification rate from the first to the second interview.

Zoop builds scalable AI agents around sellers’ existing ways of operating, ranging from voice-based product cataloguing and personalised AI live coaching to social media, marketing, and operations agents.