On 25 August 2025, India’s startup and business ecosystem witnessed a flurry of activity across funding, IPO filings, and strategic expansions. From space-tech innovations to fintech, B2B SaaS, and molecular diagnostics, startups raised significant capital to scale operations, while established companies like OYO and Molbio Diagnostics took steps towards public listings. So, here’s your quick roundup for the key funding updates and business highlights in India today.
Daily Indian Funding Roundup – 25th August 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Palmonas | ₹55 Cr | Series A | Vertex Ventures SE Asia & India | Jewellery / D2C |
| WizCommerce | $8 Mn | Series A | Peak XV Partners | B2B SaaS / Wholesale tech |
| CredRight | $10 Mn | Series B | Abler Nordic | NBFC / MSME lending |
| Wastelink | ₹27 Cr | Series A | Avaana Capital | Cleantech / Animal feed upcycling |
| Harajuku Tokyo Café | $2 Mn | Seed | Indian Angel Network (IAN) | F&B / QSR |
| Altum Credo Home Finance | ₹170 Cr | Equity round | British International Investment (BII) | Housing finance (HFC) |
| Kiwi | $24 Mn | Series B | Vertex Ventures SE Asia & India | Fintech / Credit on UPI |
| Enmovil | $6 Mn | Series A | Sorin Investments | AI supply-chain software |
| Omspace Rocket & Exploration | ₹25 Cr | Pre-seed | Family office of Mr Surya (Dubai) via Bestvantage Investments | Space-tech / Reusable launch vehicles |
Palmonas raised INR 55 crore in Series A
Palmonas, a demi-fine jewellery brand, has secured INR 55 crore in a Series A round led by Vertex Ventures SEA & India. Co-founded by Shraddha Kapoor, Amol Patwari, and Pallavi Mohadikar, the brand plans to open 100 new stores and pursue global expansion.
WizCommerce raised $8 million in Series A
WizCommerce, an AI-native platform for wholesale distribution, raised $8 million in a Series A round led by Peak XV Partners, with participation from Blume Ventures, Z47, and Alpha Wave Global. The platform already reports $100M+ GMV, supporting 700+ sales reps and 300K+ buyers. Funds will be used to deepen AI capabilities and expand in the US market.
CredRight raised $10 million in Series B
Hyderabad-based NBFC CredRight raised $10 million in a Series B round led by Abler Nordic, with continued backing from the Michael & Susan Dell Foundation and Unleash Capital. CredRight, which follows a phygital model through about 125 branches, serves more than 20,000 micro-enterprises. The fresh funds will help expand its loan book and technology.
Wastelink raised INR 27 crore in Series A
Wastelink, a cleantech startup transforming food loss into sustainable animal feed, has secured INR 27 crore ($3 million) in a Series A round led by Avaana Capital. Its proprietary product, ECOMIX™, standardises upcycled feed ingredients. The funding will aid in scaling operations and enhancing price stability for manufacturers and farmers.
Harajuku Tokyo Café raised $2 million in Seed
Delhi NCR-based Harajuku Tokyo Café raised $2 million (INR 19 crore, as stated by the company) in a Seed round, co-led by the Indian Angel Network (IAN), along with Samved VC and LetsVenture. Additionally, Capitar Ventures extended venture debt. The funds will support outlet expansion and brand growth in India’s quick-service restaurant (QSR) segment.
Altum Credo Home Finance raised INR 170 crore in equity
Altum Credo Home Finance, a Pune-based housing finance company, secured INR 170 crore ($19.5 million) from British International Investment (BII). The fresh capital will be used to strengthen its balance sheet and expand operations across existing geographies.
Kiwi raised $24 million in Series B
Kiwi, a Bengaluru-based fintech startup enabling RuPay credit cards on UPI, raised $24 million (INR 208 crore) in a Series B round. The round was led by Vertex Ventures SEA & India, with participation from Nexus, Stellaris, and Omidyar Network. Kiwi aims to issue 1 million credit cards by 2027.
Enmovil raised $6 million in Series A
Hyderabad-based Enmovil, an AI-native supply chain platform, raised $6 million in a Series A round led by Sorin Investments, with participation from Capria Ventures and Twynam. The startup works with clients in automotive, FMCG, energy, and telecom infrastructure sectors. Funds will be deployed to scale sales and advance AI capabilities.
Omspace Rocket & Exploration raised INR 25 crore in Pre-seed
Omspace Rocket & Exploration, a space-tech startup based in Ahmedabad, has raised INR 25 crore in a pre-seed round, facilitated by Bestvantage Investments and led by the family office of Dubai-based investor Mr Surya.
The funding will accelerate engine testing, sub-orbital rocket launches, reusability trials, and system integration. Omspace, supported by IN-SPACe and the ISRO startup ecosystem, aims to grow India’s share of the global small satellite launch market from 2% to 15% by 2035.
Key Business News for 25th August 2025
OYO to File DRHP in November, Aiming for $7-8 Billion IPO Valuation
OYO, the SoftBank-backed travel technology company, is reportedly preparing to file its Draft Red Herring Prospectus (DRHP) in November, targeting an IPO valuation of $7-8 billion (approx. INR 70 per share), equivalent to some 25–30× EBITDA. The company is said to be in advanced discussions with banks including Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies (London). A spokesperson declined to comment on the timeline, saying the decision lies with OYO’s board.YourStory.com
Molbio Diagnostics Files DRHP for INR 200 Crore Fresh Issue IPO
Molbio Diagnostics Ltd., the Goa-based molecular diagnostics firm behind the WHO-endorsed Truenat platform, has filed a DRHP with SEBI. The IPO includes a fresh issue of INR 200 crore and an offer-for-sale (OFS) by existing stakeholders such as Exxora Trading LLP, Dr Chandrasekhar Bhaskaran Nair, V Sciences Investments, and India Business Excellence Fund III. The company reported INR 1,272.7 crore revenue and INR 311.7 crore profit in FY25. The listing will be managed by Kotak Mahindra Capital, IIFL Capital, Jefferies India, and Motilal Oswal, with KFin Technologies as registrar.
WinZO Forays into Micro-Dramas and Expands into the US
WinZO, the Indian social-gaming and entertainment platform, is pivoting following the Indian government’s ban on real-money gaming (RMG). It has launched WinZO TV, a micro-drama feature serving 1–2-minute serialised episodes, initially free, with later episodes priced at INR 2. The company has also debuted in the USA, marking its third international market after Brazil. With a user base of 250 million, WinZO is exploring subscription-led monetisation and digital content.
Apoorva Bajj
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