India’s startup and business landscape on 15th September 2025 witnessed a blend of high-value funding deals, strategic acquisitions, and market-shaping developments. Edtech major Eruditus secured a massive $150 million refinancing round, while astrotech startup MyNaksh bagged INR 7.5 crore in pre-seed funding. Beyond the funding space, Swiggy unveiled its new Toing app for affordable meals, Tata Technologies announced its acquisition of Germany’s ES-Tec Group, Elon Musk’s xAI carried out large-scale layoffs, and Muthoot Finance tapped global bond markets with a $600 million raise.
Daily Indian Funding Roundup – 15th September 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Eruditus | $150 Mn | Refinancing | Mars Growth Capital; HSBC | Edtech / Professional learning |
| MyNaksh | Rs 7.5 Cr | Pre-seed | Eximius Ventures; Gemba Capital; Infinyte Club; angels | Astrology / AI + human hybrid platform |
Eruditus secures $150 Mn refinancing amid dry edtech funding environment
Edtech firm Eruditus has raised $150 million via a refinancing deal led by Mars Growth Capital and HSBC. The funding (with an initial $130 million plus a $20 million scale-up option) will support its global growth and operational scaling, providing the company increased financial flexibility as it navigates a challenging edtech funding landscape.
Astrotech startup MyNaksh raises INR 7.5 Cr led by Eximius Ventures
MyNaksh, an AI-powered astrology platform, has secured INR 7.5 crore in a pre-seed funding round led by Eximius Ventures and Gemba Capital, with participation from Infinyte Club and angel investors. The startup plans to scale product development, enhance personalisation, and blend AI and human astrologers to build credible, engaging astrology services.
Key Business News for 15th September 2025
Swiggy launches Toing app for affordable food in Pune
Swiggy has introduced a standalone app called Toing to cater to price-sensitive customers, with launch in Pune. The new app will list meals in the INR 100-150 range, coming from actual restaurants (not cloud kitchens), and aims to grow Swiggy’s base of transacting users by targeting students and young professionals.
Tata Technologies to acquire Germany’s ES-Tec Group in €75 million deal
Tata Technologies has struck a deal to fully acquire ES-Tec Group (Germany) for about €75 million in an all-cash buyout. The acquisition is strategic for Tata Tech to enhance its engineering R&D capabilities, especially in automotive electronics, embedded systems, and ADAS, and to expand its global footprint.
Elon Musk’s xAI lays off 500 employees as it shifts training model
Elon Musk’s xAI has laid off around 500 employees from its data annotation team—about one-third of that workforce—as part of a strategic pivot. The firm is reducing emphasis on generalist AI tutor roles and will instead focus heavily on specialist AI tutors in domains like STEM, finance, medicine, and safety.
Muthoot Finance raises USD 600 million via international bond markets
Muthoot Finance, India’s leading gold-loan NBFC, has secured USD 600 million through an External Commercial Borrowing (ECB) issuance in the international bond markets. The funds will be used to expand its lending operations across India, reflecting strong investor confidence in its financials and growth strategy.
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