During the week, 25 Indian startups raised a total of approximately $62.67 million, including 3 growth-stage and 18 early-stage deals, while 4 startups kept their funding details undisclosed.
In comparison, the previous week saw 24 startups across early and growth stages secure around $181.21 million.
[Growth-stage deals]
This week, only three growth-stage funding deals were recorded. B2B e-commerce unicorn OfBusiness raised $11.7 million (Rs 100 crore) in a pre-IPO round. Garuda Aerospace, a dronetech startup, also secured $11.7 million (Rs 100 crore) in its Series B round led by Venture Catalysts. Meanwhile, deeptech firm Optimized Electrotech raised Rs $6 million in fresh funding
[Early-stage deals]
Further, 18 early-stage startups collectively raised a total of $33.37 million in funding. SaaS startup Magma led the early-stage funding with a $5 million Series A round followed by robotics company Peppermint, healthtech startup Risa Labs, jewellery brand Jewelbox, EV charging startup IPEC, QSR coffee chain Nothing Before Coffee and others.
D2C luggage brand Uppercase, sports technology startup SportSkill, gaming company JetSynthesys and alco-bev startup Orchre Spirits also raised a sum but did not disclose the amount raised.
For a detailed funding breakdown, visit TheKredible.
[City and segment-wise deals]
In terms of the city-wise number of funding deals, Pune-based startups led with 5 deals followed by Delhi-NCR, Chennai, Bengaluru and others.
Segment-wise, e-commerce startups are at the top spot with 5 deals. Healthtech and foodtech startups followed with 4 deals and 3 deals respectively. Proptech, dronetech, deeptech, Saas and others also bagged the deals.
[Series-wise deals]
During the week, Seed funding deals led with 10 deals followed by pre-Series A, Series A, Series B, and others.
[Week-on-week funding trend]
On a weekly basis, startup funding declined by nearly 65% to $62.67 million as compared to around $181.21 million raised during the previous week.
The average funding in the last eight weeks stands at around $231.66 million with 25 deals per week.
[Key Hirings & Departures]
This week saw some notable leadership changes across companies.Fintech startup Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO). B2B ecommerce company Moglix, has appointed Sanjeev Arora as its new CFO. Indian dairy company Milky Mist has appointed two independent directors. Fintech startup Lendingkart appointed Prashant Joshi as its chief executive officer, days after Temasek-owned Fullerton acquired a majority stake in the company.
There was a departure as Unicommerce announced the resignation of Bhupinder Garg from the position of Chief Technical Officer (CTO).
Visit TheKredible for more details
[Mergers and Acquisitions]
Findi Ltd, through its subsidiary Transaction Solutions International (India) Pvt Ltd (TSI), has completed the acquisition of BANKIT Services Pvt. Ltd for Rs 160 crore ($18.7 million). CleverTap, a customer engagement and retention platform, has acquired rehook.ai, a Y Combinator-backed startup.
Visit TheKredible for more details
[Layoff]
SaaS startup Zopper has laid off around 100 employees since the beginning of 2025, while conversational messaging platform Gupshup laid off approximately 200 employees. In December last year, the company had also let go of around 300 employees.
Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights.
[New Launches and Partnerships]
▪️ Tyger Capital partners with Credgenics
▪️Zippee introduces 60-minute delivery service for e-commerce marketplaces
▪️Tulu Health unveils AI agent platform aimed at revolutionizing patient care
▪️Equirus Wealth rolls out comprehensive wealth-tech platform
▪️upGrad collaborates with Seed Group to boost AI-driven learning and upskilling in the MENA region
[Potential Deals]
▪️Sachin Tendulkar and others to invest $18 Mn in Rayzon Solar at $844 Mn valuation
▪️Phi Commerce kicks off Series B at over $150 Mn valuation
▪️Dream11 parent set to invest $50 Mn in Cricbuzz
▪️Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah
[Financial results this week]
▪️D’Decor crosses Rs 800 Cr revenue in FY24; profits spike 20%
▪️Bootstrapped Collegedunia hits Rs 200 Cr revenue, eyes 3X growth and IPO in 5 years
▪️Just Dogs nears Rs 100 Cr revenue in FY24, losses balloon
▪️Okinawa’s revenue nosedives 87% to Rs 182 Cr in FY24
[News flash this week]
▪️Ahead of mega IPO, PhonePe converts to public entity
▪️Razorpay converts to public entity ahead of IPO plans
▪️ Medikabazaar ousts former CEO Vivek Tiwari over fraud allegations
▪️Flat in Camellias, golf sets, and foreign trips: How Gensol’s promoters siphoned funds
▪️BluSmart pauses services in key cities
▪️PolicyBazaar’s PB Pay receives RBI approval for Payment Aggregation
[Summary]
On a weekly basis, startup funding declined by nearly 65% to $62.67 million as compared to around $181.21 million raised during the previous week.
Fintech unicorns PhonePe and Razorpay both convert into public companies ahead of their respective IPOs.
Electric ride-hailing firm BluSmart has reportedly halted ride bookings in parts of Delhi-NCR and Bengaluru amid a SEBI probe into Gensol Engineering, a company closely associated with BluSmart.
PB Pay Private Limited, a wholly owned subsidiary of InsurTech firm PB Fintech, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator.