India’s startup and business ecosystem saw significant funding activity and corporate developments on 14 August 2025. Several companies across fintech, AI, digital infrastructure, and consumer brands secured fresh capital to fuel growth and innovation. Alongside key corporate updates and market moves, ranging from major share sales and leadership changes to strong financial results, shaped the day’s headlines. Here’s your quick roundup for the top funding deals and key business highlights in India today.
Daily Indian Funding Roundup – 14 August 2025
| Company | Round | Amount | Lead Investor(s) / Notable Participants |
|---|---|---|---|
| Shivalik Small Finance Bank | Equity | ₹100 crore | SMBC Asia Rising Fund – Japan; Accel; Quona Capital; Lightspeed; Sorin Investments |
| TMRW (Aditya Birla Group) | Strategic investment | ₹437 crore (~$50 million) | ServiceNow Ventures |
| Shreetech Data | — | $4.5 million | Aarii Ventures (Kothari family); Cello Family Office |
| Refold AI | Seed | $6.5 million | Eniac Ventures; Tidal Ventures (co-led) |
| TplusA (Furniture hardware) | — | $5.5+ million | Livspace; personal cheques from Ramakant Sharma (Livspace) & Nishant Sharma (Kedaara Capital) |
Shivalik Small Finance Bank raised INR 100 crore
Shivalik Small Finance Bank secured INR 100 crore in a funding round led by SMBC Asia Rising Fund, the corporate venture arm of Japan’s Sumitomo Mitsui Banking Corporation. Existing investors Accel, Quona Capital, Lightspeed, and Sorin Investments also participated. The funds will be used to strengthen the bank’s technology infrastructure, expand hiring, and scale its banking-as-a-service (BaaS) offerings to serve MSME and retail customers in semi-urban and rural areas.
Shreetech Data raised $4.5 million
Mumbai-based Shreetech Data secured $4.5 million from Aarii Ventures (Kothari family) and Cello Family Office. The funding will support the expansion of its integrated operations across data centres, power infrastructure, and in-house manufacturing of critical components.
Refold AI raised $6.5 million in seed funding
Bengaluru- and San Mateo-based Refold AI raised $6.5 million in a seed round co-led by Eniac Ventures and Tidal Ventures, with participation from Better Capital, Ahead VC, Karman Ventures, Z21, and others. The startup builds AI-native infrastructure to automate enterprise API integrations. Funds will be used to hire engineering talent, deepen product integrations, and expand enterprise adoption.
TplusA (Furniture Hardware) raised $5.5+ million
Furniture hardware and accessories startup TplusA (formerly GOTC India) raised over $5.5 million from Livspace, along with personal investments from Ramakant Sharma (Livspace) and Nishant Sharma (Kedaara Capital). The capital will help establish a manufacturing facility in Madhya Pradesh and integrate supply chains with Livspace’s operations.
TMRW (Aditya Birla Group) raised INR 437 crore (~$50 million)
TMRW, the Aditya Birla Group’s house of digital-first fashion brands (including Bewakoof, Wrogn, The Indian Garage Co., and Nobero), raised INR 437 crore (~$50 million) from ServiceNow Ventures. The investment will boost TMRW’s technology platform, enhance AI-driven consumer insights, and expand its omnichannel brand portfolio.
Key News Highlights for 14 August 2025
Sands Capital trimmed a ₹191 crore stake in BlackBuck in under a week
Sands Capital Private Growth II sold approximately 1.46% of BlackBuck (Zinka Logistics Solutions) via two block deals on 13 August 2025, offloading around 26.3 lakh shares at INR 515.66/share, worth about INR 135.6 crore, after a previous sale of 10.68 lakh shares (0.6%) at INR 520.47 on 8 August. The combined sell-off amounts to roughly INR 191 crore, reducing Sands Capital’s holding by nearly 2.06%. The selling is viewed as a partial profit-booking post-IPO, with domestic institutional investors and HNI figures likely buyers.
Abha Maheshwari resigned as CEO of ALLEN Digital
Abha Maheshwari, CEO of ALLEN Digital, announced her resignation on 14 August 2025, taking to LinkedIn to share that she would be stepping down and “taking a pause” before her next move. The timing comes after almost two years in the role, though no immediate successor has been named.
Fractal crossed INR 2,700 crore revenue in FY25, returned to profitability
Analytics and AI solutions firm Fractal reported consolidated revenue of INR 2,765 crore for FY25, marking a 26% increase over FY24’s INR 2,196 crore. Subscription income surged 167% to INR 64 crore, while core analytics services grew 24% to INR 2,701 crore. With efficient cost controls, Fractal achieved a net profit of INR 221 crore, reversing FY24’s net loss of INR 55 crore. It has filed an initial public offering DRHP with SEBI, targeting a raise of up to INR 4,900 crore via fresh issuance and offer-for-sale.
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