India’s startup ecosystem witnessed notable activity on 27th October 2025, with fresh funding rounds across diverse sectors including fashion, clean energy, and nutrition. Banana Club, HYDGEN, and Neulife secured new capital to drive their respective growth and expansion plans. Meanwhile, the business landscape saw two major corporate developments — Lenskart announced the price band for its much-anticipated IPO, and Vodafone Idea received crucial regulatory relief from the Supreme Court, boosting investor confidence.
Daily Indian Funding Roundup – 27th October 2025
| Company | Amount | Round | Lead investor(s) | Sector | |
|---|---|---|---|---|---|
| Banana Club | INR 12.25 crore | Expansion / Growth | (not explicitly named) | Men’s fashion / D2C clothing | |
| HYDGEN | US$5 million | Equity + Debt | Transition VC | Green hydrogen / Industrial clean-energy | |
| Neulife | US$1 million | Seed Funding | Subhkam Ventures; Singularity Ventures | Premium protein / Performance nutrition |
Clothing brand Banana Club raises expansion capital
Premium men’s fashion label Banana Club has secured INR 12.25 crore at a valuation of INR 245 crore, according to the company’s announcement. The Bengaluru-based brand says the funds will support opening a flagship store in HSR Layout, plus further scaling of its omnichannel business (stores plus e-commerce). The brand, founded in 2011, operates in-house manufacturing for high-street men’s fashion and claims to offer runway-inspired styles at accessible pricing.
HYDGEN raises growth capital for on-site green hydrogen systems
Deep-tech startup HYDGEN has raised US$5 million in a mixed equity-and-debt round led by Transition VC, with participation from Cloudberry Pioneer Investments, Moringa Ventures and strategic family offices. The Mangalore- & Singapore-based company builds anion exchange membrane (AEM) electrolyzers enabling industries to generate ultra-pure hydrogen on-site. It plans to use the fresh capital to upgrade its production facility (for a semi-automated line), enhance its single-stack capacity to 250 kW from its current 1–100 kW range, and expand into Japan, Europe and the Middle East.
Neulife raises seed funding to expand premium protein range
Bengaluru-based nutrition brand Neulife has secured US $1 million in seed funding led by Subhkam Ventures and Singularity Ventures. The funds will help the company expand its premium protein portfolio, boost manufacturing, and strengthen distribution across India, aiming for a 15% market share in the premium nutrition space.
Key Business News for 27th October 2025
Lenskart Solutions launches its IPO with strong valuation ambitions
Indian eyewear omni-channel retailer Lenskart has fixed its initial public offering (IPO) price band at INR 382 to INR 402 per equity share (face value INR 2) and will open subscription from October 31 to November 4, 2025. The total issue size is around INR 7,278 crore, comprising a fresh share issuance worth about INR 2,150 crore and an offer-for-sale (OFS) of over 12.75 crore shares by promoters and early investors. At the upper end of the band, the implied valuation is around INR 69,700 crore (≈US$8 billion). The proceeds are expected to be used to strengthen marketing, expand technology infrastructure, and open more company-owned stores across India.
Vodafone Idea Ltd receives regulatory relief via Supreme Court decision
The telecom operator Vodafone Idea has been under significant financial stress due to its large legacy liability of adjusted gross revenue (AGR) dues. On 27 October 2025, the Supreme Court of India allowed the government to review the dues owed by Vodafone Idea under a more flexible framework, potentially easing the company’s cash-flow burden and improving its ability to invest in network roll-out. Following the decision, the company’s shares saw a sharp jump, reflecting renewed investor optimism.
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