Tag: Indian Startup Funding

Here’s a quick roundup of today’s top updates from the Indian startup ecosystem. This includes funding activity dated 2 July 2025 and key business developments across tech, fintech, and policy.

Daily Indian Startup Funding Digest – 2 July 2025

IORA Ecological Solutions Raised INR 8.5 Crore from Caspian Impact Investments

IORA Ecological Solutions has raised INR 8.5 crore in debt funding from Caspian Impact Investments, backed by the company’s future carbon credit earnings. This marks one of India’s first such carbon-credit-based debt deals. The funding will support the expansion of IORA’s MegCare project in Meghalaya, which helps 80,000 small farmers adopt agroforestry practices. IORA, founded in 2009 by Swapan Mehra, is also working with the Rabo Foundation and Rabobank’s ACORN platform to enable the carbon finance structure.

CIMware Raised $2.3 Million in Pre-Series A from Transition VC

CIMware, a startup building sustainable hardware for data centres, has secured $2.3 million in a Pre-Series A round led by Transition VC. The company’s core product, the Composable Infrastructure Module (CIM), combines compute, storage, and networking in a single rack unit and is designed for AI and high-performance workloads. The funds will be used to scale production, expand the R&D team, and support operations. CIMware was founded by Rajiv Ganth, a former executive at Intel, EMC, and CloudSimple, and plans to deploy the first batch of units in India by late 2025.

Key News Highlights for 2 July 2025

Meesho Open‑sources BharatMLStack Components

Meesho has open‑sourced key parts of its in‑house machine‑learning infrastructure, known as BharatMLStack, starting with its online feature store. These tools, previously used internally to support large‑scale ML workloads, are now available for broader use, helping Indian and global tech teams accelerate their AI efforts.

Swiggy to Shut Down Minis by 10 August

Swiggy has informed sellers that it will discontinue its “Minis” storefront platform by 10 August 2025. Launched in late 2022, Minis allowed small businesses to run commission‑free e‑stores via Swiggy. The decision reflects Swiggy’s move to streamline operations and focus on its core food‑delivery and quick‑commerce business.

Kissht Converts to Public Entity, Begins IPO Journey

Fintech startup Kissht has officially converted into a public limited company, marking its first formal step towards a potential IPO. The resolution to change its corporate structure was passed by shareholders on 17 June 2025, laying the groundwork for a public listing.

Government Allows Cab Aggregators to Surge‑Price Up to 2×

Under the new Motor Vehicles Aggregator Guidelines 2025, the Ministry of Road Transport and Highways has approved dynamic pricing of up to twice the base fare during peak hours for platforms like Uber, Ola and Rapido. Non‑peak fares must remain at least 50 % of base. The change also mandates a cancellation fee and ensures drivers receive 80 % of fares per ride.

Infosys Advocates Work‑Life Balance After Murthy’s 70‑Hour Push

Following co‑founder Narayana Murthy’s comments endorsing a 70‑hour workweek, Infosys has launched an internal campaign encouraging employees to limit overtime. The firm is monitoring remote‑work hours, sending personalised reminders, and reinforcing the importance of health and well‑being.

Daily Indian Funding Roundup & Key News – 1 July 2025

Here’s a quick look at the top startup funding deals and key business updates from across India and the global tech world.

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Indian startups raised fresh funding across various sectors on 30 June 2025. From large growth rounds to early-stage deals, the day saw strong investor interest in infra-tech, agri-tech, AI, and more. Here’s a quick look at the companies that secured funding.

Daily Indian Startup Funding Digest – 30 June 2025

Infra.Market Raises $150 Million in Debt from Mars Growth Capital and Liquidity Group

B2B construction solutions platform, Infra.Market has secured $150 million in debt financing. The funding came through a partnership between Mars Growth Capital and Liquidity Group, aimed at fuelling Infra.Market’s expansion into global markets and supporting its working capital needs. The company, already a unicorn, continues to be a key player in India’s infrastructure tech space.

Eggoz Nutrition Closes $20 Million Series C Round

Brand offering farm-fresh eggs with a tech-integrated supply chain, Eggoz Nutrition raised $20 million in its Series C round. The round was co-led by Omnivore and NABVENTURES, with participation from existing backers Avaana Capital, Bellerive Capital, and others. Eggoz aims to expand its footprint across India and enhance cold-chain logistics.

Aukera Secures $15 Million in Series A Funding Led by Peak XV Partners

Aukera, a lab-grown diamond brand targeting global luxury buyers, raised $15 million in a Series A round led by Peak XV Partners. The funds will be utilised to strengthen product innovation, grow global brand presence, and build direct-to-consumer channels. This marks a significant boost for India’s emerging sustainable luxury sector.

Jumbotail Becomes Unicorn After $120 Million Series D Round

B2B e-commerce platform Jumbotail has entered the unicorn club following a $120 million Series D funding round. The round was led by Invus, with continued participation from Nexus Venture Partners, Kalaari Capital, Arkam Ventures, and others. Jumbotail enables grocery and FMCG supply for kirana stores across India.

Blostem Raises INR 4 Cr in Seed Round Led by AC Ventures

Blostem, a B2B fintech infra startup for fixed deposit distribution, raised INR 4 crore in seed funding. The round was led by AC Ventures, with participation from Mobikwik and Kapil Bharti of Delhivery. The startup enables digital FDs via a single API and plans to expand its savings product offerings.

Key News Highlights – 30 June 2025

MobiKwik Appoints Saurabh Dwivedi as CTO, Dhruv Wadhera as SVP

Fintech firm MobiKwik has announced two key leadership changes.

• Saurabh Dwivedi has been promoted to Chief Technology Officer (CTO).
• Dhruv Wadhera has been elevated to Senior Vice President (SVP), Marketing and Growth.

These appointments aim to strengthen MobiKwik’s tech and marketing leadership as it prepares for further growth in the digital finance space.

Zomato’s Deepinder Goyal Plans Regional Aviation Venture with LAT Aerospace

Zomato CEO Deepinder Goyal is reportedly venturing into regional aviation in partnership with LAT Aerospace. The new airline is said to focus on improving air connectivity in underserved Indian regions. This is a separate initiative by Goyal and not linked directly to Zomato.

Torrent Pharma to Acquire Controlling Stake in JB Pharma at INR 25,689 Crore Valuation

Torrent Pharmaceuticals will acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd (JB Pharma). The deal values JB Pharma at ₹25,689 crore, and the stake will be bought from KKR & Co. This acquisition marks one of the biggest deals in India’s pharmaceutical sector this year.

Starlink and Amazon Sign First Satellite Broadband Agreements in India

Starlink (SpaceX) and Amazon’s Project Kuiper have signed their first satellite broadband agreements with Indian entities. This marks a major step ahead of the Indian government’s expected satellite spectrum allocation. These early agreements will help both companies begin the groundwork for satellite internet rollout in India.

Daily Indian Funding Roundup & Key News – 27 June 2025

Here’s a quick look at the latest startup fundings and key news highlights from across India on 27 June 2025.

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India’s startup ecosystem remained vibrant on 26 June 2025, with multiple high-value funding announcements across sectors, including defence tech, internet services, and e‑commerce enablement. From Wiom’s $40 million raise to Raphe mPhibr’s record-breaking $100 million round, investors continue to back innovation at scale. Meanwhile, strategic moves from Pine Labs, Net1, and Bumble also made headlines. Here’s a quick roundup of the day’s key developments.

Daily Indian Startup Funding Digest – 26 June 2025

📰 Top Funding News

Wiom raised $40 million, secured a major growth round

Delhi-based internet-services aggregator Wiom secured $40 million in a growth capital round led by Bertelsmann India Investments and Accel, with participation from Prosus, Promaft Partners, and existing backers such as RTP Global. The funds will support product development, hiring, and expansion into underserved Indian cities.

StayVista raised INR 40+ crore from JSW Ventures, others

Luxury villa rental platform StayVista raised over INR 40 crore ($4.6 million) in a round led by JSW Ventures, along with DSG Consumer Partners and Capri Global Family Office. The capital will be used to expand geographically, enhance offerings, and grow the team.

Brihaspathi Technologies raised $10 million, secured govt project

Hyderabad-based Brihaspathi Technologies, focused on AI-powered surveillance and defence tech, raised $10 million from foreign institutional investors. The firm also secured a project with the Maharashtra State Road Transport Corporation and announced plans to go public in FY 2026–27.

Jobizo raised INR 12 crore to grow health-tech hiring

Gurugram-based health workforce platform Jobizo raised INR 12 crore ($1.44 million) in a Pre-Series A round led by Inflection Point Ventures and Alkemi Ventures. The company aims to expand its tech stack, ramp up marketing, grow the team, and boost working capital.

Raphe mPhibr raised $100 million in a historic defence round

Drone and aerospace startup Raphe mPhibr, based in Noida, raised $100 million in equity funding led by General Catalyst, with support from Amal Parikh, Think Investments, and others. Valued at around $900 million, this marks the largest private defence-tech funding in India to date.

ShopOS raised $20 million from Binny Bansal

E-commerce enablement startup ShopOS, founded by Sai Krishna VK and Ajay PV, raised $20 million in seed funding from Binny Bansal’s 3STATE Ventures. The funding will go towards product development, team scaling, and expanding into Europe and the UAE.

Flipspaces raised INR 50 crore for global expansion

Commercial design-tech firm Flipspaces secured INR 50 crore ($5.9 million) in funding from Asiana Fund, backed by an Asian Paints promoter. The funding will be used to support operations in India, the US, and the UAE.

Key News Highlights – 26 June 2025

Net1 exits MobiKwik after 8 years with significant loss

South Africa-based fintech firm Net1 has fully exited its investment in Indian digital payments platform MobiKwik, ending an 8-year association. Net1 had initially invested around $18.5 million between 2016 and 2017 but exited with losses due to MobiKwik’s stagnant valuation and shifting strategy. The exit comes amid broader challenges for older fintech backers.

Pine Labs files IPO papers, aims to raise INR 2,600 crore

Fintech unicorn Pine Labs has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI, targeting a fresh issue of INR 2,600 crore. Existing investors including Peak XV Partners, Temasek, and PayPal plan to offload a significant portion of their stakes. Peak XV is expected to sell the largest chunk, signalling a partial exit amid the long-awaited IPO.

India’s online commerce to touch $300 billion by 2030: Bessemer

According to a new report by Bessemer Venture Partners, India’s online commerce market is projected to reach $300 billion by 2030, driven by increased consumer spending, digital infrastructure, and D2C innovation. Sectors like e‑commerce enablement, logistics, and vernacular platforms are identified as key growth enablers.

Bumble to lay off 240 employees in global restructuring

Dating app Bumble has announced plans to cut 240 jobs globally as part of an organisational restructuring. The company is undergoing leadership transitions and seeking to streamline its operations. The layoffs are expected to impact employees across markets, including India, though an exact region-wise breakdown was not disclosed.

BSE shares fall over 1% as SEBI imposes INR 25 lakh penalty

Shares of the Bombay Stock Exchange (BSE) declined over 1% after SEBI imposed an INR 25 lakh penalty. The regulator found that BSE had allowed frequent modifications during trades without following proper protocols, breaching the Securities Contracts Regulation norms. The penalty adds pressure amid increasing scrutiny on exchanges.

Daily Indian Funding Roundup & Key News – 25 June 2025

Sahi, GIVA, and Battery Smart led the funding activity on 25 June 2025. Key news highlights include Lenskart’s upcoming IPO, NPCI’s 42% profit jump, and MakeMyTrip’s $3B stake repurchase from Trip.com.

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Here’s a quick roundup of the key startup fundings in India on 23rd June 2025. From biotech to co-living and EV infrastructure, startups across sectors attracted strong investor interest.

Daily Indian Startup Funding Digest (23 June 2025)

Truliv Receives Strategic Investment from BCCL

Chennai-based co-living startup Truliv has secured a strategic investment from Bennett, Coleman & Co. Ltd (BCCL). Though the investment amount remains undisclosed, this partnership is expected to boost Truliv’s media visibility and brand equity as it expands across southern India.

Rabitat Raises INR 40 Cr in Series A

Mumbai-based D2C baby products brand Rabitat has raised INR 40 crore in its Series A round led by RPSG Capital Ventures and DSG Consumer Partners. The brand plans to utilise the funds to enhance product innovation, marketing efforts, and expand distribution channels across India.

Kamath Brothers Acquire INR 250 Cr Stake in InCred Holdings

Nithin Kamath and Nikhil Kamath, founders of Zerodha, have acquired an INR 250 crore minority stake in InCred Holdings, marking a major move into India’s growing lending and financial services market. The acquisition is part of InCred’s broader strategy to strengthen its capital base and scale operations.

Utopia Therapeutics Raises $1.5 Million in Seed Round

Hyderabad-based biotech startup Utopia Therapeutics has raised $1.5 million in seed funding from Whale Tank.

EKA Mobility Raises INR 200 Crore via Convertible Preference Shares

Pune-based EV manufacturer EKA Mobility has raised INR 200 crore through convertible preference shares, with Enam Holdings leading the investment. The funds will be used to expand its manufacturing facilities and boost production of electric buses and commercial vehicles.

Kazam Secures $6.2 Million Series B Funding

Electric vehicle infrastructure platform Kazam has raised $6.2 million in Series B funding. The round saw participation from Avaana Climate Fund, Quantum Energy, and other investors. The Bengaluru-based startup will use the capital to bolster its tech stack and scale EV charging networks pan-India.

Kazam Raises $6.2 Million to Expand EV Charging Globally

Kazam, India’s fastest-scaling EV energy-tech company, has raised $6.2 million in Series B funding from the International Finance Corporation (IFC) and existing investors Vertex Ventures SEA & India and Avaana Capital Advisors.

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Key News Highlights – 23 June 2025

Meesho completes reverse-flip merger, DRHP expected soon

Meesho has finalised its reverse-flip structure, merging its U.S. entity with the Indian arm following National Company Law Tribunal nod. The SoftBank-backed firm will now be fully headquartered in India, paying an estimated $280–300 million in U.S. taxes. A Draft Red Herring Prospectus is expected to be filed within 2–3 weeks as part of its pre-IPO process.

PharmEasy founders launch ‘All Home’ at $120 million valuation

Dharmil Sheth, Dhaval Shah and Hardik Dedhia, co-founders of PharmEasy, have pivoted into home improvement, launching All Home, a tech-driven, omni-channel platform for interior design and home renovation. The platform has raised an undisclosed sum at a $120 million valuation, led by Bessemer Venture Partners with support from several prominent angels.

PhonePe preparing $1.5 billion IPO, draft papers expected by August

Reuters and Bloomberg report that PhonePe, India’s leading digital payments platform owned by Walmart, is preparing for an IPO that could raise up to $1.5 billion at a valuation close to $15 billion. Filing of the draft prospectus is anticipated by August, with Kotak Mahindra, JPMorgan Chase, Citi, and Morgan Stanley on board as advisers.

Prosus values IPO-bound Urban Company at $2.4 billion

In its FY2025 annual report, Prosus, which holds a stake in services platform Urban Company, has pegged its fair valuation at $2.4 billion ahead of its planned IPO. This consensus reflects investor optimism in the home-services sector

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Indian Startup Funding Updates for 2025 (Updated Weekly)

Get weekly updates on Indian startup funding for 2025! StartupTalky is here to provide you with a clear and simple overview of the latest funding news.

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