On 28 August 2025 notable developments in India’s startup funding landscape were seen. From banking infrastructure and microfinance to pet care and gaming, startups secured fresh capital to scale operations and deepen market penetration. Meanwhile, India’s macro business environment was abuzz with news on bond financing, IPO stress in the SME segment, and anticipated regulatory shifts.
Daily Indian Funding Roundup – 28th August 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Transbnk | $25 Mn | Series B | Bessemer | Fintech / Digital banking |
| Save Microfinance | $3 Mn | via IIX WLB | IIX | Microfinance / Community lending |
| Bhaobhao (Pet-care startup) | $200k | Angel | Angel Investors | Pet-care / Consumer products |
| Matiks | $3.1 Mn | (Not stated) | (Not stated) | Edtech / Gaming (math-focused) |
| Nuyug | ₹2.5 Crore | (Not stated) | (Not stated) | Jewellery / Celebration-wear |
TransBnk raised $25 million in Series B
TransBnk, a banking infrastructure platform, has raised $25 million in a Series B round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, and GMO Venture Partners. The funds will support its geographical expansion and strengthen its tech and product talent.
SAVE Microfinance raised $3 million via IIX’s WLB
SAVE Microfinance has secured $3 million through IIX’s Women’s Livelihood Bond (WLB), designed to support microfinance initiatives and women’s livelihoods. The fresh funds will aid the company in expanding its reach and impact in underserved communities.
BhaoBhao raised $200 k in angel funding
Mumbai-based pet care startup BhaoBhao has raised $200 k in an angel funding round to expand its at-home grooming services. The company offers services priced between ₹1,500 to ₹2,000 per session and has served over 3,000 clients in Mumbai with an impressive 95% repeat rate.
Matiks raised $3.1 million in Pre-Series A
Gaming startup Matiks has raised $3.1 million in a Pre-Series A round led by Tanglin Ventures. The platform, focused on maths-based gaming, has already reached nearly 100,000 users and recently launched a paid ‘Creators Programme’ to foster community-driven growth.
Nuyug raised ₹2.5 crore in funding
Jewellery startup Nuyug has raised ₹25 crore to redefine celebration-wear in the premium fashion jewellery segment. The funding will enable the brand to expand its reach and enhance its product offerings in the growing jewellery market.
Key Business News for 28th August 2025
Groww Secures SEBI Nod to Launch IPO
Groww, the Tiger Global-backed investment platform, has received approval from the Securities and Exchange Board of India (SEBI) to float its Initial Public Offering (IPO). The Bengaluru-based fintech unicorn, which competes with Zerodha and Upstox, is expected to file its Draft Red Herring Prospectus (DRHP) soon. The IPO will mark a significant milestone for Groww as it expands its financial services offerings, including mutual funds, stockbroking, and fixed deposits.
Unity Bank and BharatPe to Launch EMI-Driven Credit Card
Unity Small Finance Bank, in collaboration with BharatPe, is preparing to roll out an EMI-driven credit card. The product will be targeted at small merchants and retail consumers, enabling them to make purchases and repay through easy monthly installments. This partnership builds on BharatPe’s growing fintech ecosystem and Unity Bank’s lending capabilities, aiming to provide affordable credit access to underserved segments.
Dream Sports’ FanCode to Shut Down Sports Merchandise Business
FanCode, the sports platform owned by Dream Sports, has decided to shut its sports merchandise vertical. The move comes as part of a strategic realignment to focus more on its core offerings such as live sports streaming, fan engagement, and digital content. FanCode, launched in 2019, had been experimenting with merchandise to capture the fan economy but will now discontinue this segment to streamline operations.
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