India’s startup and business ecosystem witnessed notable activity on 10th September 2025, with multiple funding deals across D2C skincare, UAV technology, healthcare talent mobility, legal-tech, and HR tech. Alongside, key market updates included Adani Power’s stock surge on new project and stock split news, Urban Company’s IPO seeing overwhelming investor demand, and Swiggy Instamart expanding its portfolio with a print-on-demand service.
Daily Indian Funding Roundup – 10th September 2025
| Company | Amount | Round | Lead Investor(s) | Sector / Focus |
|---|---|---|---|---|
| Asaya | $3 Mn | Pre-Series A | RPSG Capital; Suyash Saraf & Anisha Agarwal Saraf; OTP Ventures; Huddle Ventures | Research-backed D2C skincare focused on hyperpigmentation |
| EndureAir | $2.85 Mn | — | IAN Alpha Fund; IAN Angel Fund | Deep-tech UAV & aerial robotics for logistics, defense, security |
| TERN Group | $24 Mn | Series A | Notion Capital; RTP Global; LocalGlobe; EQ2; Leo Capital | Global talent mobility platform for healthcare professionals |
| Presolv360 | $4.7 Mn | — | Elevation Capital; MGA Ventures; Angel investors | AI-enabled online dispute resolution (legal-tech) |
| TraqCheck | Undisclosed | Bridge round | Alok Oberoi; Siddharth Mehta; Sivaramakrishnan S. Iyer | AI-driven HR tech with background verification tools |
Asaya raises $3 Mn in pre-Series A round led by RPSG Capital
Asaya, a research-driven D2C skincare brand specializing in hyperpigmentation solutions, has secured approximately INR 28 crore (around $3 million) in a pre-Series A round led by RPSG Capital, with additional participation from Suyash Saraf & Anisha Agarwal Saraf (co-founders of Dot & Key), OTP Ventures, and Huddle Ventures. The funds will support the establishment of an innovation center, accelerated product development, and broader distribution of its patented MelaMe™ molecule-based products.
EndureAir raises $2.85 Mn led by IAN Alpha Fund
EndureAir Systems, a deep-tech aerial robotics and UAV developer, raised approximately INR 25 crore (about $2.85 million) in funding led by IAN Alpha Fund, with IAN Angel Fund also participating. The funds are earmarked to enhance UAV capabilities for defense, enterprise, and high-altitude logistics, including co-development efforts with BEL and pilot missions in Bhutan.
TERN Group raises $24 Mn in Series A round led by Notion Capital
TERN Group, a global talent mobility platform for healthcare workers, has secured $24 million in a Series A round led by Notion Capital, alongside RTP Global, LocalGlobe, EQ2 Ventures, Leo Capital, and existing backers. The startup—founded by former Urban Company and Cars24 executives—aims to expand geographically, enhance its AI-powered Clinical Workforce platform, and scale its training efforts; it now operates in 13 countries with over 650,000 registered professionals.
Presolv360 raises $4.7 Mn led by Elevation Capital
Mumbai-based Presolv360, an AI-powered online dispute resolution (ODR) platform, has raised $4.7 million in a financing round led by Elevation Capital, with participation from MGA Ventures and angel investors. The startup plans to expand its legal-tech offerings beyond arbitration and mediation and strengthen its infrastructure to support dispute resolution for financial services clients.
TraqCheck raises funding at $17 Mn valuation in bridge round
TraqCheck, an AI-driven enterprise startup focused on HR solutions such as automated background verification, secured a bridge round that values the company at $17 million. Though the exact round size remains undisclosed, the investment was led by angel investors Alok Oberoi (Everstone Capital) and Siddharth Mehta (Bay Capital), with advisor Sivaramakrishnan S. Iyer also participating. The funds will fuel the launch of additional AI-based HR products, deeper market penetration, and further hiring in India and Europe.
Key Business News for 10th September 2025
Adani Power shares surge ~7.7% amid new international project and stock split plan
Shares of Adani Power climbed roughly 7.7% over two days as investors responded positively to the company’s agreement with Bhutan’s Druk Green Power Corporation to develop a 570 MW hydroelectric project, along with the announcement of its first-ever stock split, which is expected to boost retail participation.
Urban Company IPO retail portion fully subscribed within an hour; overall issue oversubscribed
Urban Company’s INR 1,900 crore IPO saw its retail portion—just 18% of the issue—joisted to full subscription within an hour, driven by strong individual investor demand. The offering closed with overall subscription ranging between 2.5× to 3.13×, depending on the metric, alongside a burgeoning GMP (Grey Market Premium) nearing 35–37%, indicating high listing expectations.
Swiggy Instamart launches print-on-demand “Print Store” to expand non-grocery offerings
Swiggy Instamart has introduced Instaprint, a print-on-demand service available in Bengaluru, Mumbai, and Delhi—offering users fast delivery for printouts (e.g., school assignments, visa documents) right alongside their grocery orders, often within just 10 minutes.
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