Exclusive: AI Companion App Mello In Talks With Peak XV, DeVC To Raise Funding

The AI companion app Mello is in advanced talks with Peak XV Partners and DeVC to raise a seed funding round of approximately $2.5 million. The Pune-based startup, which offers AI bots for emotionally supportive conversations in vernacular languages like Hindi and Punjabi, is targeting the growing Gen Z market. The potential funding indicates increasing investor interest in AI-driven applications, particularly those focused on companionship and emotional well-being.