From Netrasemi’s ₹107 crore raise to strengthen India’s edge-AI chip ambitions to PhysicsWallah becoming the first edtech unicorn to receive SEBI’s nod for a confidential IPO filing, the day was packed with headline-worthy developments across tech, logistics, and mental health sectors. On the funding front, SuperK, Eveez, Bharatsure, and Enlite secured major backing to scale their solutions. Here’s your quick roundup of the top funding deals and key business news in India for 24th July 2025.
Daily Indian Startup Funding Digest – 24 July 2025
| Company | Sector | Funding Raised | Round / Stage | Lead Investors |
|---|---|---|---|---|
| Bharatsure | EV‑station insurtech | ₹6 crore | Seed / Pre-Series A | Inflection Point Ventures, Capital A |
| Netrasemi | Edge AI semiconductors | ₹107 crore | Series A | Zoho Corporation, Unicorn India Ventures |
| SuperK | FMCG (snacks) | ₹100 crore | Series B | Binny Bansal, Mithun Sacheti |
| Eveez | Healthcare startup | $5.4 million | Series A | Michael & Susan Dell Foundation |
| Enlite | Clean‑tech / energy | ₹46 crore | Series A | Avaana Capital |
Bharatsure – ₹6 crore
Bharatsure, an insurtech focused on EV‑refuelling station coverage, has secured ₹6 crore in early‑stage funding from Inflection Point Ventures and Capital A. The startup will partner with Battery Smart to launch insurance products tailored for EV‑charging infrastructure across India.
Netrasemi – ₹107 crore
Kerala‑based semiconductor innovator Netrasemi raised a substantial ₹107 crore in a Series A round led by Zoho Corporation and Unicorn India Ventures. The funds will be used to ramp up R&D, expand manufacturing and marketing, launch four advanced SoC variants, and grow its engineering team from around 83 to approximately 166. The chips, currently in tape‑out at TSMC’s 12 nm node, are designed for surveillance, industrial robotics and smart infrastructure, enabling efficient edge‑AI without relying on cloud connectivity. Founders include Jyothis Indirabhai, Sreejith Varma and Deepa Geetha.
SuperK – ₹100 crore
SuperK, a Mumbai‑based branded snack startup, has raised ₹100 crore in its latest round led by Binny Bansal (co‑founder of Flipkart) and Mithun Sacheti, aiming to scale product development and distribution nationwide.
Eveez – $5.4 million
Healthcare‑tech firm Eveez closed a $5.4 million Series A, led by the Michael & Susan Dell Foundation. The investment will drive expansion in maternity and newborn care services by enhancing digital health capabilities.
Enlite – ₹46 crore
Enlite, a tech‑driven clean‑energy startup, secured ₹46 crore in Series A funding led by Avaana Capital. The round will support the rollout of solutions in decentralised clean‑energy access and smart‑grid projects.
Key News Highlights for 24 July 2025
PhysicsWallah receives SEBI nod for IPO
PhysicsWallah, the edtech unicorn led by Alakh Pandey, received SEBI’s approval on 24 July 2025 to file its IPO draft under the confidential pre-filing route. The company is expected to raise around ₹4,600 crore through a mix of fresh issue and offer for sale, making it the first Indian edtech startup to get such approval.
Inc.LISSUN Acquires US‑Based Being Cares Inc
Hyderabad‑based mental‑health player LISSUN announced the acquisition of California‑based Being Cares Inc., a mental‑wellness platform serving nearly 1 million users. The deal brings over 40 mapped conditions into LISSUN’s domain, including anxiety, ADHD and parenting stress. Founders Varun Gandhi and Abhishek Sharma will join LISSUN as Chief Product Officer and Chief Technology Officer respectively, as per the acquisition announcement.
LEAP India Transforms Into Public Company
KKR‑backed logistics and supply‑chain firm LEAP India has formally converted from a private to a public limited company, renaming itself “Leap India Limited”. The board has also added independent directors Harinarayanan Nair and Sanjiv Gupta, positioning the company for an upcoming IPO.
Shadowfax Board Approves ₹2,000 crore IPO
Logistics major Shadowfax has received board approval to raise ₹2,000 crore (~$232 million) via fresh equity issuance as part of its planned IPO. This follows the confidential filing of its DRHP targeting a range of ₹2,000–2,500 crore, with funds split equally between fresh shares and Offer for Sale.
StartupTalky News
Leave a Reply