India’s startup and corporate ecosystem witnessed significant developments on 13th October 2025, with notable funding rounds, technological advancements, and strategic investments. Key highlights include fintech startup GoodScore raising $13 million, wealthtech firm Dezerv securing $40 million, and deep-tech Chara Technologies obtaining $6 million. Additionally, Jio Payments Bank forays into next-gen tolling, and Foxconn announces a INR 15,000 crore investment in Tamil Nadu.
Daily Indian Funding Roundup – 13th October 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| GoodScore | $13 Mn | Series A | Peak XV | Fintech / Credit scoring |
| Dezerv | $40 Mn | Series B | Premji Invest; Accel | Wealthtech / Investment advisory |
| Chara Technologies | $6 Mn | Series A | Arkam Ventures; Exfinity Venture Partners; Kalaari Capital; IIMA Ventures | Deep-tech / Electric powertrain solutions |
GoodScore raises $13 Mn in Series A led by Peak XV
GoodScore, a fintech startup, raised $13 million in Series A led by Peak XV. The platform enhances credit scoring using advanced technology, focusing on underserved customers. The funds will scale operations, improve AI-driven analytics, and expand financial inclusion, helping individuals and small businesses access loans and financial services efficiently.
Dezerv raises $40 Mn led by Premji Invest and Accel
Dezerv, a wealthtech firm, secured $40 million in a funding round led by Premji Invest and Accel. The platform provides tech-driven investment advisory and portfolio management. Funds will support technology expansion, product development, and customer acquisition, making sophisticated wealth management accessible, personalized, and scalable across India for retail and high-net-worth investors.
Chara Technologies raises $6 Mn in Series A led by Arkam Ventures
Chara Technologies, a deep-tech startup, raised $6 million in Series A led by Arkam Ventures, with participation from Kalaari Capital and Exfinity Venture Partners. The company develops rare-earth-free electric motors and controllers. Funds will accelerate production, R&D, and technology development, supporting sustainable, high-performance EV powertrain solutions for domestic and global markets.
Key Business News for 10th October 2025
Jio Payments Bank Expands into Next-Gen Tolling Services
Jio Payments Bank has secured a contract to implement a FASTag-based Automatic Number Plate Recognition (ANPR) system for Multi-Lane Free Flow (MLFF) tolling at two toll plazas between Gurugram and Jaipur. This initiative aims to enhance digital infrastructure and streamline highway toll operations across India.
Foxconn to Invest INR 15,000 Crore in Tamil Nadu, Creating 14,000 Jobs
Foxconn has committed INR 15,000 crore to establish advanced manufacturing and R&D operations in Tamil Nadu, focusing on AI-driven technology and value-added production. The investment is expected to generate 14,000 high-value engineering jobs, marking a significant boost to the state’s electronics sector.
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