India’s startup and business ecosystem showed steady momentum on August 5th. Aerospace startup EON Space Labs secured $1.2 million in Pre-Series A funding to advance indigenous optical payload technology. Meanwhile, the corporate world saw significant movements, from Bluestone dialling down its IPO size to Capgemini announcing plans to hire 45,000 people in India. Here’s a crisp look at the top funding deals and key business highlights in India from August 5, 2025.
Daily Indian Funding Digest – 5 August 2025
| Company | Amount | Round | Lead Investor(s) | Purpose of Funds |
|---|---|---|---|---|
| Shortgun Games | US $1.0 million | Seed | Angel investors | Advance from vertical slice to full game development |
| Fraganote | US $1.0 million | Pre‑Series A | Rukam Capital | Expand fragrance portfolio, launch retail pilots, immersive experiences |
| Prozo | — | Strategic investment | Ranbir Kapoor (celebrity‑investor) | Support scaling supply‑chain tech infrastructure |
| EON Space Labs | US $1.2 million (~₹10.5 Cr) | Pre‑Series A | MGF Kavachh, HHV Advanced Technologies | Build EO/IR payloads, launch MIRA telescope, scale engineering team |
| Tryo (Try First Pay Later) | ₹3.0 crore (~US $360 K) | Pre‑seed | Zeropearl VC | Launch operations in Bengaluru, accelerate product/tech development |
| Terafac | ₹6.5 crore (~US $800 K) | Pre‑seed | Inuka Capital, DEVC, Bharat Founders Fund | Expand AI‑robotics platform and team |
| GameRamp | US $5.4 million | Pre‑seed | BITKRAFT Ventures, SPC, Mixi, DeVC | Scale AI teams; launch Sentinel and Grow services |
| EarlySalary (Fibe NBFC) | ₹225 crore (~US $26.5 M) | Debt (NCD issuance) | Franklin Templeton AIF, AK Capital, SK Finance, Vivriti Alpha & others | Fuel tech innovation and expand lending operations |
| Jeh Aerospace | US $11 million (~₹97 Cr) | Series A | Elevation Capital, General Catalyst | Scale aerospace‑manufacturing capabilities and growth |
| Polite Powertech | — | Pre‑IPO strategic | Chanakya Opportunities Fund I (SME‑AIF) | Back green energy and sustainable power push |
Shortgun Games raised $1 million
The newly launched game-development studio, co‑founded by the creators of Rogue Heist, Shortgun Games, has secured $1 million in seed funding from angel investors. This funding will enable the team to move beyond a polished demo to full-scale production. The company is also planning to raise an additional $5 million in a follow‑on round.
Fraganote raised $1 million
Modern Indian fragrance brand Fraganote has raised $1 million in a pre‑Series A round led by Rukam Capital. The funds will be used to expand the fragrance portfolio, introduce new product formats, and launch immersive retail pilots in key urban markets.
Prozo received a strategic investment from Ranbir Kapoor
Actor and entrepreneur Ranbir Kapoor has made a strategic investment in Prozo, a Gurugram-based supply-chain platform. Prozo supports over 150 brands with tech-enabled warehousing, freight, and fulfilment services. The company operates 42 warehouses across 2.2 million square feet and has a revenue run-rate of INR 250 crore. The investment aims to support the firm’s growth in scalable logistics infrastructure.
EON Space Labs raised $1.2 million
Hyderabad-headquartered deeptech startup EON Space Labs has raised $1.2 million (approximately INR 10.5 crore) in a pre‑Series A round led by MGF Kavachh, with HHV Advanced Technologies joining as a strategic partner. Founded in 2022 and incubated at IIT Madras, the startup builds lightweight EO/IR imaging payloads. The capital will be used to expand manufacturing, grow the engineering team, and launch its ultra-light space telescope MIRA by the end of 2025.
Tryo raised INR 3 crore in pre-seed funding
Bengaluru-based fashion marketplace Tryo has raised INR 3 crore in a pre-seed round led by Zeropearl VC. Tryo operates on a “Try First, Pay Later” model, aiming to transform how consumers shop for apparel online. The funds will support the company’s product development, operations, and team expansion in Bengaluru.
Terafac raised INR 6.5 crore
AI-robotics startup Terafac, headquartered in Chandigarh, has raised INR 6.5 crore in a pre-seed round. The funding was led by Inuka Capital, with participation from DEVC and Bharat Founders Fund. Terafac’s AI-Vision platform enhances industrial robots by enabling them to self-adjust in real time. The funding will fuel product development and hiring.
GameRamp raised $5.4 million
GameRamp, an AI-native publishing operating system for mobile games, has secured $5.4 million in a pre‑seed round led by BITKRAFT Ventures, along with participation from South Park Commons, Mixi, and DeVC. The funds will be used to expand AI teams in Bengaluru and San Francisco and to launch its two core platforms, Sentinel, for in-game economy personalisation, and Grow, an embedded financing tool for game developers.
Fibe.India (Formerly EarlySalary) raised INR 225 crore in debt
The NBFC arm of digital lending platform Fibe, has raised INR 225 crore through non-convertible debentures. The round saw participation from institutional investors, including Franklin Templeton AIF, AK Capital, SK Finance, and Vivriti Alpha. The funds will be used to scale lending operations and invest in technology innovation targeted at salaried consumers.
Jeh Aerospace raised $11 million
Hyderabad-based aerospace-manufacturing startup Jeh Aerospace has raised $11 million (approximately INR 97 crore) in a Series A round led by Elevation Capital, with participation from General Catalyst. The startup, which builds software-defined manufacturing tools for the aerospace sector, will use the capital to expand production capabilities and fuel growth.
Polite Powertech received a strategic investment
Polite Powertech has received a strategic investment from Chanakya Opportunities Fund I, an SME-focused AIF under Steptrade Capital. The pre-IPO investment is aimed at supporting the company’s push in green energy and sustainable power solutions for the SME segment.
Apoorva Bajj
Key News Highlights for 5 August 2025
Tata Capital files updated IPO draft papers with SEBI
Tata Capital, the non‑banking financial services arm of Tata Sons, filed updated draft papers with India’s Securities and Exchange Board (SEBI) on 4 August 2025 to launch an initial public offering (IPO). The updated Red Herring Prospectus (DRHP) covers a fresh issuance of 21 crore equity shares and an offer‑for‑sale of 26.58 crore shares, including up to 23 crore shares from Tata Sons and 3.58 crore from the International Finance Corporation (IFC).
The IPO is projected to raise up to INR 2 billion (valuing the company around $11 billion), with proceeds intended for Tier‑I capital augmentation to support future lending operations. Kotak Mahindra Capital, BNP Paribas and Citigroup Global Markets are named as bookrunning managers.
Bluestone trims IPO fresh issue size to INR 820 crore
Bluestone Jewellery has revised the size of its upcoming IPO on 5 August 2025, reducing the fresh issue to INR 820 crore from a previously planned ₹1,000 crore. The Red Herring Prospectus also includes an offer‑for‑sale of approximately 1.39 crore shares. The anchor book portion is scheduled for 8 August, and the public subscription window runs from 11 to 13 August YourStory.com+1.
Capgemini India to hire up to 45,000 employees in 2025
Capgemini India announced plans to recruit between 40,000 and 45,000 employees by 2025. Around 35–40 per cent of the hires will be lateral entry professionals, aligning with its push to build an AI‑ready workforce. The initiative comes amid broader IT-sector hiring challenges and reinforces Capgemini’s commitment to innovation and digital transformation services in India.
Google AI tool “Big Sleep” uncovers 20 vulnerabilities in open‑source software
Google has publicly reported that its AI-based bug‑hunting tool, Big Sleep, built by DeepMind and Project Zero, has autonomously detected and validated 20 security vulnerabilities in widely used open-source software such as FFmpeg and ImageMagick. The findings were confirmed by Google’s Vice President of Security, Heather Adkins, via a post on X. Each flaw was later reviewed by human analysts before disclosure.
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