Happy Wednesday! Premji Invest is circling Emergent, looking to join its latest fundraise at a $1.5 billion valuation. This and more in today's ETtech Morning Dispatch.Also in the letter:■ VCs chase Gen Z wealthtech■ Euler Motors FY26 scorecard■ Cyber defence leans on AIPremji Invest in talks to join Emergent fundraise (L-R) Mukund Jha and Madhav Jha, founders, EmergentPremji Invest is in advanced discussions to join a $250 million funding round in the vibe coding platform Emergent, in a deal that could value the company at $1.5 billion, sources told us. That is roughly five times its last reported valuation.Deal details:Discussions with Premji Invest began last week; the firm is currently evaluating the company.Bengaluru-based Creaegis is expected to participate and is likely to co-lead the round along with other investors.Accel is also in early-stage discussions to invest.Westbridge Capital was previously in talks, but those discussions may not have progressed. Managing partner Sandeep Singhal, however, has denied this.Existing investors are also expected to participate, though final terms are still being negotiated. Tell me more:Investors are crowding in because few startups are scaling at this pace, said one source. The new round comes barely three months after Emergent raised $70 million from Khosla Ventures and SoftBank at a $300 million valuation.The deal also reflects a broader resurgence in AI investing in India, with expectations of at least two new AI unicorns this year. In April, ET reported that Sarvam, which builds Indic language models, is in talks to raise over $300 million at a valuation of around $1.5 billion, with potential backing from Glade Brook Capital, Nvidia, Amazon, HCL Technologies, Bessemer, and Prosperity 7 Ventures. Also Read:ETtech Explainer: What Emergent’s ARR reveals about AI’s numbers gameOla's full-stack AI plans shrink on A-level exits, funding woes Bhavish Aggarwal, founder, KrutrimOla Krutrim's sweeping ambitions are under pressure as senior leaders leave and core projects are pushed to the back burner.Who are they? Tell me more:The company eliminated more than 60 roles from its linguistics team in early January, effectively dismantling the remaining data-annotation workforce for its AI models. Since 2025, more than 200 employees from this team have been let go.Amid funding constraints and continued leadership churn, Ola Krutrim has paused work on its AI models and semiconductor projects, according to sources.The company has also shut down its AI agent platform, Kruti, pulling it down from Google and Apple app stores and the web. The Bodhi 1 chip, once expected to be released in 2026, has now been scrapped.New-age wealthtech startups Trackk, Zomint in talks to raise funding from Z47, Lightspeed, others Young Indian investors are firmly on the radar of venture capital firms, with a crop of Gen Z focused on wealthtech startups in late-stage talks to raise fresh capital.Tell me more:Trackk, a trading app, is in talks to raise $8 million in a round led by Z47 (formerly Matrix Partners India), people in the know told us.Wealth management platform Zomint is looking to close a $3-4 million round backed by Lightspeed Venture Partners and Prime Venture Partners, according to people familiar with the matter. The push: These funding negotiations come at a time when Bengaluru-based Sahi, a trading app founded by ex-Swiggy CTO Dale Vaz, closed a $33 million round led by Accel Growth at a $200 million valuation — buoyed by Groww’s stellar public listing.The offer:Startups are targeting young users by offering AI-led insights and zero onboarding fees.Experts say startups are democratising access to wealth management through AI-led hyper-personalised offerings.New-age firms are banking on financial educational content on social media to acquire users.Also Read: AI-led wealthtech rising as VCs bet on a fintech disruptionOther Top Stories By Our Reporters Saurav Kumar, founder, Euler motorsEuler Motors doubles FY26 revenue to Rs 402 crore, losses expand: Euler Motors, which manufactures electric commercial vehicles, more than doubled its revenues in fiscal 2026 to Rs 402 crore, founder and CEO Saurav Kumar said, driven by rising EV adoption across segments.Indian cyber firms deploy AI agents to fend off threats: Indian cybersecurity firms are cutting the time it takes to find and fix software weaknesses from days to hours. Firms are taking the help of AI even as they fight the impending onslaught of upcoming models like Mythos.Dream Sports launches stockbroking platform DreamStreet, targets first-time investors: Dream Sports, the parent of Dream11, has launched DreamStreet, a stockbroking platform aimed at making investing more accessible for retail participants in India. Global Picks We Are Reading■ He couldn’t land a job interview. Was AI to blame? (Wired)■ A blueprint for using AI to strengthen democracy (MIT Technology Review)■ The global cybersecurity gap deepens as AI-powered attacks surge (Rest of World)