Here’s your daily roundup of funding announcements, corporate developments, and key business news shaping the Indian and global markets on 26th September 2025. Highlights include major funding rounds for Curefoods, Vedantu, Navo, GaadiMech, and Recove, alongside significant corporate updates from Amazon, Starbucks, and Accenture. Track the latest trends, investment moves, and strategic decisions impacting industries from cloud kitchens and EdTech to recycling and global enterprises.
Daily Indian Funding Roundup – 26th September 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Curefoods | INR 160 Cr | Pre-IPO placement | Binny Bansal’s 3State Ventures | Food & Beverages / Cloud Kitchen |
| Vedantu | $11 Mn | Ongoing round | Internal investors | EdTech / Online learning |
| Navo | INR 8 Cr | Seed round | IndiaQuotient | AI-enabled wholesale / B2B tech |
| GaadiMech | Not disclosed | Pre-seed round | AJVC | Car servicing / AutoTech |
| Recove | INR 5.3 Cr | First external fundraise | Momentum Capital; co-investors: Ganesh Natarajan, Ashish Goel, Chaitanya Kejriwal, Shruti Deorah | Recycling / Circular economy |
Curefoods raises INR 160 Cr in pre-IPO placement from Binny Bansal’s 3State Ventures
Curefoods, a cloud kitchen operator, has raised INR 160 crore in a pre-IPO placement led by Binny Bansal’s 3State Ventures. The funding will be used to expand its cloud kitchen network across India and strengthen technology-enabled operations to improve delivery efficiency and menu optimization.
Vedantu raises $11 Mn from internal investors in ongoing round
EdTech startup Vedantu has secured $11 million from its internal investors in an ongoing funding round. The investment will help Vedantu enhance its digital learning platform, expand content offerings, and scale personalized tutoring for students across India.
Navo raises INR 8 crore in a seed round led by IndiaQuotient
AI-enabled digital wholesale platform Navo has raised INR 8 crore in a seed round led by IndiaQuotient. The startup aims to digitize B2B wholesale operations, offering AI-powered tools for order management, pricing, and supply chain optimization for small and medium businesses.
GaadiMech raises pre-seed round led by AJVC
Car servicing startup GaadiMech has raised an undisclosed pre-seed round led by AJVC. The platform provides technology-driven car maintenance services, aiming to simplify vehicle servicing with on-demand bookings, transparent pricing, and quality service networks.
Recove raises INR 5.3 Cr to transform India’s plastics recycling supply chain
Recove, a B2B startup focused on plastics recycling, has raised INR 53 crore in its first external fundraise led by US-based Momentum Capital along with prominent co-investors. The funding will accelerate expansion across India and build pre-processing infrastructure to deliver reliable, tech-driven recycling solutions for businesses.
Key Business News for 26th September 2025
Amazon to Pay $2.5 Billion for Tricking Customers Over Prime Membership
Amazon has agreed to a historic $2.5 billion settlement with the U.S. Federal Trade Commission (FTC) over allegations that it made it difficult for customers to cancel Prime memberships and unintentionally enrolled users. The settlement includes a $1 billion fine and $1.5 billion in refunds to affected customers who signed up between June 23, 2019, and June 23, 2025. Amazon did not admit wrongdoing but chose to settle to avoid prolonged litigation. The company is now required to implement clearer sign-up processes and an easier cancellation method.
Starbucks to Shut Hundreds of Stores and Cut 900 Jobs
Starbucks announced plans to close hundreds of stores across the U.S., Canada, and Europe, affecting approximately 900 non-retail employees. This move is part of a $1 billion turnaround strategy aimed at improving profitability. The closures are expected to reduce the number of outlets in North America from 18,734 to around 18,300 by the end of the fiscal year. The company cited financial instability and the need to create a better customer experience as reasons for the closures.
Accenture Plans Major Restructuring Amid Slower Growth
Accenture is undergoing a significant restructuring, which includes laying off 7,000 employees, divesting two non-core acquisitions, and booking $865 million in charges for asset impairments and severance costs. The company anticipates a revenue growth of only 2–5% for fiscal year 2026, down from 7% the previous year. These measures are part of Accenture’s business optimization program to adapt to slower growth and declining customer demand, particularly in the U.S. federal sector.
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