India’s startup and business ecosystem remained vibrant on 9th September 2025, with key funding rounds, strategic investments, and major business updates shaping the market. From startups like TraqCheck, Prowrrap, and IndiGrid securing funding, to ElevenLabs offering employee liquidity and Misfits expanding production, the day witnessed significant activity across sectors. Additionally, developments in fintech and government initiatives, including UPI transaction growth and the India Semiconductor Mission, highlighted the evolving landscape of technology, finance, and industry in India.
Daily Indian Funding Roundup – 9th September 2025
| Company | Amount | Round | Lead Investor(s) | Sector |
|---|---|---|---|---|
| TraqCheck | Undisclosed | Bridge Round | Angel investors Alok Oberoi and Siddharth Mehta, with participation from Sivaramakrishnan S. Iyer | AI‑driven HR / background verification |
| Prowrrap | INR 4 crore | Seed Round | Calance Software Pvt Ltd and Amit Govil | B2B procurement platform for packaging, warehouse assets, turnkey projects |
| IndiGrid | $4 million | Strategic Funding | Existing investor Cactus Venture Partners | EV components / ESDM manufacturing |
| ElevenLabs | $100 million (employee tender) | Employee Tender | Sequoia Capital, ICONIQ Growth, Andreessen Horowitz, Smash Capital, World Innovation Lab, others | Voice AI / Conversational AI agents |
| Misfits | Undisclosed | Seed Funding | Nu Ventures, Subba Rao Telidevara, Bijoy Daga (Turiya Advisory), Robert Pancras | Prebiotic soda / Functional beverages |
TraqCheck raises bridge round at $17 Mn valuation
TraqCheck, an AI-powered HR platform for background verifications, raised a bridge round at a $17 million valuation. The investment will help scale its verification products in India and Europe, expand AI-based HR tools, and grow engineering, product, and growth teams.
Prowrrap raises INR 4 cr in Seed round
Delhi-based B2B procurement startup Prowrrap raised INR 4 crore in a seed round led by Calance Software and Amit Govil. The funds will enhance technology, scale distribution across India, and deepen its presence in quick commerce, fresh & natural produce, e‑commerce, and MSMEs.
IndiGrid raises $4 Mn led by Cactus Venture Partners
IndiGrid, an EV components and ESDM startup, raised $4 million from existing investor Cactus Venture Partners. The funds will expand production, improve automation, hire talent, and strengthen the company’s presence in India and global markets.
ElevenLabs launches $100 Mn employee tender at $6.6 B valuation
Voice AI firm ElevenLabs started a $100 million employee tender at a $6.6 billion valuation, giving employees liquidity while reinforcing long-term commitment. The company continues to grow rapidly, with enterprise revenue up 200% YoY and expansion into India.
Misfits raises seed funding
Mumbai-based prebiotic soda brand Misfits raised seed funding from Nu Ventures and several angels. The proceeds will enhance production capacity, expand distribution, and accelerate market growth while promoting plant-based, zero-sugar, and preservative-free functional beverages.
Key Business News for 9th September 2025
UPI in August: BHIM Surpasses Amazon Pay; PhonePe Continues to Lead
In August 2025, the BHIM app led UPI transactions among government-backed platforms, surpassing Amazon Pay with 10 crore transactions worth nearly INR 15,000 crore. PhonePe maintained its dominance with a 46.64% market share, processing 893 crore transactions out of the total 19.47 billion during the month.
Government to Fast-Track Next Round of India Semiconductor Mission
At Semicon 2025, Prime Minister Narendra Modi announced plans to expedite the approval of the India Semiconductor Mission (ISM) 2.0. The government aims to increase funding—potentially exceeding $10 billion—to support the establishment of semiconductor fabs, assembly and testing units, and MSMEs. The initiative seeks to reduce import dependence by encouraging local supply chains for essential materials.
StartupTalky News
Leave a Reply