India’s startup and corporate ecosystem witnessed a dynamic mix of funding activity, strategic investments, and market-shaping developments on 12th September 2025. From D2C brands and EV battery circularity startups securing fresh capital to IFC’s major bet on India’s electric bus expansion, the day also saw Infosys announcing its largest-ever share buyback and strong IPO oversubscriptions for Urban Company and DevX. Additionally, the government unveiled a INR 100 crore scheme to boost green hydrogen startups, marking a significant push toward sustainable innovation.
Daily Indian Funding Roundup – 12th September 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| FarmDidi | Rs 7 Crore | Seed | Samved Ventures | D2C / Food / Pickles |
| PeakAmp | INR 12 Crore | Seed | Caret Capital | Battery circularity / EV battery recycling & second-life solutions |
| JBM ECOLIFE & GreenCell Mobility | $137 Million | Financing / Investment | IFC (International Finance Corporation) | E-mobility / Electric buses & charging infrastructure |
| Unico Housing Finance | INR 120 Crore | Equity infusion | Anicut Capital & UC Impower | Affordable housing finance |
FarmDidi raises Rs 7 Cr led by Samved Ventures
Tech-enabled D2C pickle brand FarmDidi has raised INR 7 crore in a seed funding round led by Samved Ventures, with participation from LetsVenture, Indigram Labs, IIM Calcutta Innovation Park, and angel investors from IIM Calcutta & Symbiosis. The funds will be used to scale the team, invest in R&D, introduce tech-led quality systems, and grow its rural women entrepreneur base (“Didis”) from ~2,000 to 5,000.
PeakAmp raises INR 12 crore in Seed round led by Caret Capital
Battery circularity startup PeakAmp has secured INR 12 crore in a seed round led by Caret Capital, along with IIM Ahmedabad Ventures, Basant Sharma & Group, and others. The company is building a full-stack solution for end-of-life (EOL) EV battery management — safe collection, second-life reuse, high-purity materials recovery — aiming to support India’s clean energy transition and resource circularity.
IFC invests $137M in JBM ECOLIFE & GreenCell Mobility to boost India’s e-bus fleet
The International Finance Corporation (IFC) is providing $137 million in financing to JBM ECOLIFE and GreenCell Mobility to accelerate deployment of electric buses and charging stations across India. Of this, $100 million is for JBM ECOLIFE and $37 million (mezzanine capital) for GreenCell. The initiative aims to deploy 4,000 e-buses and build charging infrastructure across 39 municipalities, generate 12,000 jobs (with focus on women), and introduce a payment security mechanism to mitigate risks for state transport undertakings.
Unico Housing Finance raises INR 120 Cr from Anicut Capital & UC Impower
Chennai-based Unico Housing Finance Pvt. Ltd has raised INR120 crore from Anicut Capital and UC Impower via an equity infusion to scale its operations within India’s affordable housing finance segment. The funding will help the company increase its footprint, particularly in Tier II & III cities, catering to first-time home buyers and underserved markets.
Key Business News for 12th September 2025
Infosys announces largest ever INR 18,000 crore share buyback at INR 1,800 per share
IT major Infosys has approved a massive buyback plan worth INR 18,000 crore, purchasing 10 crore shares at INR 1,800 per share, which works out to about 2.41% of its paid-up equity capital. The buyback comes at a 19% premium over its market price.
Urban Company IPO issue oversubscribed ~15X on Day 3
On its third day of bidding, Urban Company’s IPO was oversubscribed about 15.3×, with investors placing bids for 164 crore shares against ~10.6 crore shares on offer.
DevX IPO issue oversubscribed ~26X on Day 3
The IPO of coworking space provider DevX (Dev Accelerator Ltd.) saw very strong demand, being oversubscribed nearly 26× by Day 3, with ~34.34 crore shares demanded vs ~1.31 crore shares on offer.
Government launches INR 100 crore scheme for green hydrogen startups
The Indian government, via Union Minister Pralhad Joshi, has introduced a ₹100 crore scheme aimed at boosting innovation among green hydrogen startups. The scheme offers up to INR 5 crore per project for pilot initiatives in technology areas such as hydrogen production, storage, transport and utilisation. A safety panel under the National Green Hydrogen Mission (NGHM) has also been announced.
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