India’s startup ecosystem on 22th September 2025 saw fresh funding rounds, new fund launches, and key corporate updates. Major highlights include OnFinance AI’s $4.2 Mn raise, SpaceFields’ $5 Mn pre-Series A, and Tesla Power’s INR 25 Cr pre-IPO round. On the business side, Jio Payments Bank rolled out ‘Savings Pro’, MediaTek launched its Dimensity 9500 chipset, and Cipla announced a leadership transition.
Daily Indian Funding Roundup – 22th September 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| VyomIC | $1.6 Mn | Funding round | Speciale Invest | Deep-tech / AI |
| OnFinance AI | $4.2 Mn | Funding round | Peak XV’s Surge | Fintech / AI |
| Frontier Tech Capital | $150 Mn | Maiden fund | Frontier Tech Capital | Venture capital / SEA startups |
| All Things People | NA | Seed funding | NA | HR Tech |
| Tesla Power | INR 25 Cr | Pre-IPO | Chanakya Opportunities Fund I | Renewable energy / EV power |
| Carbon Masters | NA | Funding | Schneider Electric Energy Access Asia, others | Climatetech / Sustainability |
| EVamp Technologies | INR 7 Cr | Funding round | NA | EV charger manufacturing / Energy solutions |
| SpaceFields | $5 Mn (₹42 Cr) | Pre-Series A | Globaz Technologies Pvt. Ltd, Rockstud Capital, Venture Catalysts, Rainmatter, others | Aerospace & Defence / Deep-tech |
VyomIC secures $1.6 Mn led by Speciale Invest
Deep-tech startup VyomIC has raised $1.6 Mn in a funding round led by Speciale Invest. The startup specializes in AI-driven solutions for industrial and scientific applications. The funding will be used to accelerate product development, expand research capabilities, and scale operations, positioning VyomIC to offer cutting-edge solutions in the deep-tech space.
OnFinance AI raises $4.2 Mn led by Peak XV’s Surge
Fintech AI startup OnFinance AI has secured $4.2 Mn in a funding round led by Peak XV’s Surge. The platform leverages artificial intelligence to enhance financial services, including risk management, lending, and analytics. With this funding, OnFinance AI plans to expand its technology infrastructure, strengthen its team, and accelerate adoption among businesses and financial institutions.
Frontier Tech Capital eyes $150 Mn maiden fund to back SEA startups
Frontier Tech Capital has announced plans to launch a $150 Mn maiden fund focused on investing in Southeast Asian startups. The fund aims to target high-potential technology-driven sectors, including AI, deep-tech, and other frontier technologies. The initiative seeks to support innovative startups with growth capital, mentorship, and strategic partnerships to expand across the SEA region.
All Things People raises seed funding
HR-tech startup All Things People has raised seed funding to enhance its technology platform for human resources management. The startup provides solutions for recruitment, employee engagement, and workforce management. The new funding will help scale operations, improve product offerings, and expand its customer base across small and medium enterprises.
Chanakya Opportunities Fund I leads INR 25 Cr pre-IPO in Tesla Power
Tesla Power has raised INR 25 Cr in a pre-IPO funding round led by Chanakya Opportunities Fund I. The capital will be used to expand renewable energy solutions, including battery storage systems and electric vehicle power infrastructure. The funding supports Tesla Power’s mission to accelerate clean energy adoption and provide sustainable energy solutions across India.
Carbon Masters raises funding from Schneider Electric Energy Access Asia and others
Climatetech startup Carbon Masters has secured funding from Schneider Electric Energy Access Asia and other investors. The startup focuses on sustainable energy solutions, carbon reduction technologies, and climate resilience projects. The funding will support scaling operations, advancing innovative technologies, and expanding their reach across industries aiming for lower carbon footprints.
EVamp Technologies secures INR 7 Cr funding
EVamp Technologies has raised INR 7 Cr to enhance its electric vehicle charging solutions and expand its manufacturing capabilities. The company focuses on providing reliable, fast, and efficient EV chargers, enabling broader adoption of electric vehicles in India. The funding will be used to strengthen infrastructure, develop new products, and scale distribution networks across key cities.
SpaceFields raises $5 Mn (INR 42 Cr) pre-Series A to bolster aerospace and defence
Deep-tech startup SpaceFields has raised $5 Mn (INR 42 Cr) in a pre-Series A round led by Globaz Technologies Pvt. Ltd, co-led by Rockstud Capital and Venture Catalysts, with participation from Rainmatter and other investors. The company specializes in aerospace and defence manufacturing, including advanced rocket propulsion systems. The funding will be used to accelerate R&D, scale production capabilities, and strengthen its position in India’s growing space and defence sector.
Key Business News for 22th September 2025
Jio Payments Bank Launches ‘Savings Pro’ for Enhanced Returns
Jio Payments Bank has launched ‘Savings Pro‘, a feature that allows customers to earn up to 6.5% returns on surplus funds by automatically investing in low-risk overnight mutual funds through the JioFinance app. Customers can set a threshold amount, and any surplus funds exceeding this limit are auto-invested, with the option to redeem up to 90% instantly. This initiative aims to provide a seamless and digital investment experience, promoting financial inclusion and smarter savings management.
MediaTek Unveils Dimensity 9500 Flagship Processor
MediaTek has introduced the Dimensity 9500, its latest flagship processor designed to compete with Qualcomm’s Snapdragon 8 Elite Gen 5. Built on 3nm technology, the Dimensity 9500 features an “all big-core” design with eight high-performance cores. It offers up to 32% better single-core performance and 55% improved efficiency at peak performance compared to its predecessor. The chipset supports advanced features like 120fps ray tracing, 8K video recording at 60fps, and is expected to power flagship devices from brands like Vivo and Oppo in the fourth quarter of 2025.
Leadership Transition at Cipla
Cipla, a leading Indian pharmaceutical company, has announced that its Managing Director and Global CEO, Umang Vohra, is expected to step down by the end of fiscal year 2026. Achin Gupta, the current Chief Operating Officer, is anticipated to succeed him. Gupta has been instrumental in Cipla’s global expansion and operational strategies, and his promotion is seen as a strategic move to ensure continuity and sustained growth for the company.
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