On 31st July, Indian startups and companies made headlines with some major moves. AI startup Metaforms raised $9 million in fresh funding, while STAN secured $8.5 million to grow its gaming community platform. Swiggy reported rising losses in its quarterly results, and Tata Motors plans for a big-ticket global deal to buy Iveco. Here’s a quick look at the top funding deals and key business news in India from the day.
Daily Indian Funding Digest – 31 July 2025
| Startup / Fund | Amount Raised | Stage | Lead Investor(s) |
|---|---|---|---|
| Metaforms | US $9 million (~₹78.8 Cr) | Series A | Peak XV Partners, Nexus Venture Partners, Together Fund |
| Snooplay | ₹8 crore (~US $960K) | Pre‑Series A1 | Pravek Family Office, angel investors |
| ILine.ai Solutions | US $500 K (~₹4.2 Cr) | Angel Round | Climate-tech and mobility-focused angels |
| Arivihan | US $4.17 million (~₹34.7–36.5 Cr) | Pre‑Series A | Prosus Ventures, Accel, GSF Investors |
| Neo Asset Management | ₹750 crore (~US $90 million) | First Close of PE Fund | Institutional and family-office investors |
| STAN | US $8.5 million (~₹74.5 Cr) | Series A | Google AI Fund, Bandai Namco, Square Enix, Reazon, others |
Metaforms Raises $9 Million in Series A
AI-powered research automation startup Metaforms has secured $9 million in Series A funding led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund. The Bengaluru-based company aims to transform market research through voice interfaces and large language models.
Snooplay Bags INR 8 Crore in Pre-Series A1
Toy discovery platform Snooplay, headquartered in Noida, has raised INR 8 crore in a Pre-Series A1 round. The round was led by the Pravek Family Office with participation from multiple angel investors. The company connects consumers with educational and development-based toys.
ILine.ai Raises INR 500K in Angel Round
Mobility and AI logistics platform ILine.ai Solutions has raised INR 500,000 in an angel round from climate-tech and EV-focused investors. The Noida-based startup is building tech infrastructure for sustainable last-mile logistics using electric vehicles and real-time AI routing.
Arivihan Secures $4.17 Million from Prosus and Accel
Edtech firm Arivihan, known for its AI-based learning platform for competitive exams, has raised $4.17 million in a Pre-Series A round. The round was co-led by Prosus Ventures and Accel, along with support from GSF Investors. The startup focuses on Tier-II and Tier-III education markets.
STAN Raises $8.5 Million Led by Google AI Fund
Gaming and social community startup STAN has raised $8.5 million in Series A funding. The round saw participation from Google AI Futures Fund, Bandai Namco, Square Enix, and others including Nazara, Reazon, and GFR Fund. STAN enables gamers and creators to monetise fan engagement in real time.
Neo Asset Management Closes INR 750 Crore in First Tranche
Neo Asset Management has made the first close of INR 750 crore for its INR 2,000 crore secondary private equity fund. The fund, led by Hemant Daga and Nitin Agarwal, focuses on buying out stakes in mature, profitable unlisted Indian companies.
Key News Highlights for 31 July 2025
Swiggy Re‑Evaluates Rapido Stake amid Conflict of Interest
Swiggy, which holds roughly a 12% stake in Rapido, has announced that it is actively re‑evaluating its investment following Rapido’s planned entry into the food‑delivery segment. The ride‑hailing startup’s move is seen by Swiggy as a potential conflict of interest, prompting the review. Rapido had raised around $180 million in 2022 from Swiggy and others.
Meanwhile, in its Q1 FY26 results, Swiggy reported a 54% year-over-year rise in overall revenue to INR 4,961 crore. However, its quick‑commerce arm Instamart lost INR 797 crore, and total net loss widened sharply to INR 1,197 crore, nearly doubling from a year earlier.
Ambani Family to Infuse INR 15,825 crore into Jio Financial Services
The Mukesh Ambani promoter group will infuse INR 15,825 crore into Jio Financial Services via a preferential issue of convertible warrants issued to Sikka Ports & Terminals and Jamnagar Utilities & Power. This will raise promoter stake from 47.12% to over 54%. The capital will fuel expansions in lending, insurance, payments, mutual funds and broking services. Shares rose ~3% on the announcement.
IPV Launches $110M Cross‑Border Angel Fund from GIFT City
Early‑stage platform Inflection Point Ventures (IPV) has launched IPV International, a $110 million Category I Angel Fund, registered under GIFT City’s IFSCA framework. The fund is intended to back startups across Indian and global markets at early to pre‑Series A stages, marking IPV’s strategic international expansion.
Bengaluru Engineer Arrested in INR 379 Crore CoinDCX Crypto Heist
Police in Bengaluru arrested Rahul Agarwal (30), a software engineer at CoinDCX, in connection with a $44 million (INR 379 crore) cryptocurrency theft. Investigators allege hackers used his Compromised login credentials to siphon funds to six wallets. The breach is under full forensic and cybercrime probe, with insider involvement suspected.
Tata Motors to Acquire Iveco’s Commercial Vehicle Business for €3.8–3.9 Billion
Tata Motors has reached an agreement to acquire Iveco’s trucking, buses and powertrain operations in an all-cash deal valued at €3.8–3.9 billion ($4.4 billion), marking Tata’s largest-ever acquisition, surpassing its 2008 Jaguar Land Rover purchase. The defence business of Iveco will be separately sold to Leonardo for €1.7 billion, clearing the way for Tata’s offer. The combined entity is expected to generate about €22 billion in annual revenues, positioning Tata as a global heavyweight. The deal is subject to regulatory clearances and is expected to close by early to mid-2026.
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