The first day of September brought a mix of funding activity, strategic acquisitions, and industry milestones across India’s startup and business ecosystem. From fresh capital inflows into consumer electronics, semiconductor services, and venture funds, to large-scale layoffs, retail consolidation, and UPI’s record-breaking performance, the day highlighted both opportunities and challenges shaping the Indian market.
Daily Indian Funding Roundup – 1st September 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Cuzor | ₹5 Cr | Seed | Info not disclosed | Consumer Electronics |
| Tessolve | $150 Mn | Funding | TPG | Semiconductors |
| Elev8 Venture Partners | $160 Mn | Maiden Fund | Info not disclosed | Venture Capital Fund |
| Blue Tokai | $25 Mn | Bridge | Existing investors | Coffee / Consumer Brand |
Cuzor raised ₹5 crore in a seed round
Consumer electronics brand Cuzor secured ₹5 crore from Ramesh Kannan, MD of Kaynes Technology. The funding will be deployed toward R&D, talent acquisition, and brand building as the Bangalore-based startup deepens its presence in chargers and mobile accessory segments.
Tessolve received $150 million in funding from TPG Growth
Tessolve, the semiconductor engineering services arm of Hero Electronix, has raised $150 million from TPG Growth to support its expansion in semiconductor engineering.
Elev8 Venture Partners closes maiden fund of $160 million
Founded by Navin Honagudi (formerly of Kae Capital), Elev8 Venture Partners raised $160 million for its first fund, which aims to invest in consumer internet, enterprise software, and fintech startups.
Blue Tokai raised $25 Mn in Bridge round
Blue Tokai, a specialty coffee brand, has raised $25 million in a bridge funding round from its existing investors. The fresh infusion will be used to expand its retail footprint, enhance coffee offerings, and strengthen its supply chain.
Key Business News for 1st September 2025
MPL to give pink slips to 60% of its India employees
Gaming company Mobile Premier League (MPL) plans to lay off 60% of its India workforce following the government’s ban on online real-money games (RMG). The announcement reflects the significant impact of regulatory changes on the company’s operations.
Star Localmart acquires DusMinute, expands to 170 stores
Star Localmart, the retail arm of the Sanjay Ghodawat Group (SGG), has acquired DusMinute, a Bengaluru-based retail chain operating within gated communities. The acquisition—amount undisclosed—expands Star Localmart’s footprint, bringing its total store count to 170 across India.
UPI crosses 20 billion monthly transactions for the first time in August
The Unified Payments Interface (UPI) achieved a new milestone by processing over 20 billion transactions in August 2025—the first time it’s crossed that threshold. This follows steady growth in prior months, such as June when UPI recorded 18.40 billion transactions worth ₹24.04 lakh crore.
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