Nexora Labs raises ₹140 crore to take model governance to regulated banks
Ananya Rao
23 Jul 2026 · 1 min read
Nexora's pitch has not changed in seven years: banks want AI, and compliance teams want receipts. The Series C is a bet that the second half of that sentence is the harder problem.
Nexora Labs has closed a ₹140 crore Series C led by Peak XV, with Accel India returning from the previous round.
The company sells infrastructure that logs, versions and explains model decisions — the layer a bank's risk committee asks about after the pilot succeeds.
Aarav Mehta, who co-founded the company in 2018, said the round will fund expansion into Southeast Asian markets where model-audit rules are tightening.