India’s startup and business ecosystem saw notable developments on 24th October 2025, with multiple funding rounds and key corporate announcements. From sports infrastructure and trade finance to enterprise AI and urban water solutions, startups continue to attract significant investments. In parallel, prominent business leaders and organizations, including Deepinder Goyal and Tata Trusts, made major commitments and governance updates, reflecting ongoing growth and strategic moves across sectors.
Daily Indian Funding Roundup – 24th October 2025
| Company | Amount | Round | Lead Investor(s) | Sector |
|---|---|---|---|---|
| Michezo Sports | $2.5 million | Pre-Series A | Centre Court Capital; Rainmatter | Sports Infrastructure |
| CapitalXB | $15 million | Seed | Nicolas Walewski | Trade Finance |
| Pave Bank | $39 million | Series A | Accel; Tether Investments; Quona Capital; Wintermute; Helios Digital Ventures; Financial Technology Partners; Yolo Investments; Kazea Fund; GC&H Investments | Digital Asset Banking |
| UnifyApps | $50 million | Series B | WestBridge Capital; ICONIQ | Enterprise AI Software |
| Megaliter Varunaa | INR 15 crore | Seed | Long-term Institutional Investors | Urban Water Circularity |
Bengaluru-based sports infrastructure startup raises $2.5 million in pre-Series A
Michezo Sports offers end-to-end solutions for sports facilities including tracks, turfs, and courts, along with distribution of sports equipment. The pre-Series A funding led by Centre Court Capital and Rainmatter will help expand into swimming pools and civil sports infrastructure, while scaling its technology-driven platform to enhance accessibility and efficiency in sports infrastructure across India.
Trade finance platform CapitalXB secures $15 million seed funding
CapitalXB provides invoice discounting, factoring, and supply chain financing to MSMEs through the RBI-regulated TReDS platform. The $15 million seed funding led by Nicolas Walewski will help the startup expand nationwide, implement AI-based credit assessments, and improve platform efficiency, enabling faster access to working capital and helping MSMEs grow sustainably across India’s manufacturing and trade sectors.
Digital asset bank Pave Bank raises $39 million Series A
Pave Bank integrates fiat and digital asset banking, including cryptocurrencies, in one platform. The $39 million Series A, led by Accel and other investors, will strengthen regulatory compliance, scale institutional-grade infrastructure, and enhance offerings. Pave Bank aims to simplify digital asset adoption, providing secure, transparent services to retail and institutional clients while bridging traditional and crypto banking.
Enterprise AI startup UnifyApps raises $50 million Series B
UnifyApps integrates AI with enterprise tools like Salesforce and Workday to automate tasks such as HR, claims, and workflows. The $50 million Series B led by WestBridge Capital and ICONIQ will fund workforce expansion, platform enhancements, and European growth. With co-founder Pavitar Singh and Sprinklr founder Ragy Thomas as co-CEO, UnifyApps aims to set global standards for AI-driven enterprise automation.
Urban water startup Megaliter Varunaa raises INR 15 crore in seed round
Megaliter Varunaa converts sewage treatment plants into circular water utilities through a zero-CapEx, subscription-based model. The Hyderabad-based startup’s INR 15 crore seed funding from institutional investors will accelerate project development, implement innovative water reuse solutions, and scale operations. Its flagship ‘Megaliter Model’ addresses urban water scarcity while providing sustainable, scalable, and efficient wastewater management solutions.
Key Business News for 24th October 2025
Deepinder Goyal Commits $25 Million to Longevity Venture
Deepinder Goyal, founder and CEO of Eternal, has pledged $25 million from his personal funds to Continue Research, a venture focused on extending human life and enhancing overall health. The initiative aims to explore areas such as aging, nutrition, sleep, and mental wellness through scientific research. Goyal emphasizes that the project is fully self-funded and operates independently from Eternal, reflecting his commitment to advancing human health and longevity.
Tata Trusts Proposes Reappointment of Mehli Mistry
Tata Trusts has proposed reappointing Mehli Mistry as a lifetime trustee, just days before his current three-year term concludes on October 28. Mistry, associated with the Shapoorji Pallonji family, holds a significant position in the governance of Tata Trusts, which owns a majority stake in Tata Sons. The proposal has sparked internal debates among trustees regarding the interpretation of the lifetime trusteeship resolution, highlighting ongoing discussions about leadership and legacy within the organization.
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