During the week, 19 Indian startups raised a total of approximately $462.27 million, including 6 growth-stage and 10 early-stage deals, while 3 startups kept their funding details undisclosed.
In comparison, the previous week saw 30 startups across early and growth stages secure around $355.02 million.
Growth-stage deals
In the growth-stage funding landscape this week, Cross-border neobanking startup Zolve in a Series B round led by Craegis. Platform for sourcing and manufacturing specialty chemicals Scimplify secured $40 million in Series B round. Luxury fashion platform Purple Style Labs bagged $40 million in Series E round, Aerospace firm Ransons Aerospace, SaaS platform Infinite Uptime and Incred Finance also bagged funding this week.
Early-stage deals
During the week, 10 early-stage startups collectively raised $29.77 million in funding. Amrut Energy led the early stage funding with $11.5 million, followed by energy storage startup AmpereHour, hospitality startup goStops, mobile game publisher Felicity Games, and admissions platform Ambitio, among others.
Upskilling platform Weskill, edtech startup Dreamtime Learning and Battery tech startup Flowatt Battery Science also raised a sum but did not disclose the amount raised. For more information, visit TheKredible for more.
City and segment-wise deals
In terms of the city-wise number of funding deals, Bengaluru-based startups led with 10 deals followed by Mumbai, Delhi-NCR & other cities.
Segment-wise, Fintech and Edtech startups are at the top spot with 3 deals each. Gaming, Healthtech and Energy startups followed with 2 deals each, E-commerce, Manufacturing, E-commerce, Aerospace and others also bagged the deals.
Series-wise deals
During the week, Seed and pre-seed funding deals led with 4 deals each followed by Series A, pre-Series A and Series B and others.
Week-on-week funding trend
On a weekly basis, startup funding surged over 30% to $462.27 million as compared to around $355.02 million raised during the previous week.
The average funding in the last eight weeks stands at around $263.72 million with 26 deals per week.
Key hirings and departures
This week saw some notable key leadership changes as Daman Soni, former President and Chief Business Officer of e-commerce roll-up company GlobalBees, has joined AstroTalk as CBO, Edtech unicorn PhysicsWallah has appointed Nitin Savara, Rachna Dikshit, and Deepak Amitabh as non-executive independent directors, Pi42, a crypto-INR perpetual futures exchange, has named Satish Mishra as its new Chief Technology Officer (CTO). Sirona promotes Ecommerce Head Krishna Mishra to Vice President.
This week saw some notable departures as Amit Aggarwal, the Principal at Elevation Capital, has decided to step down after serving four years at the venture capital firm. Nazara Technologies announces the resignation of its Chief Operating Officer (COO), Sudhir Kamath. Yatra’s Group CFO has resigned from his role as Chief Financial Officer (CFO).
Visit TheKredible for more details
Mergers and Acquisitions
There were some key mergers and acquisitions also took place, DSP Group has acquired Volt Money, a platform that provides instant secured loans against mutual funds. Fintech unicorn Perfios acquired AI-powered debt collection platform CreditNirvana. Nazara Technologies sold its nearly 95% stake in OpenPlay to Moonshine, parent company of PokerBaazi.
Fund Launches/Expansion
Bessemer Venture Partners has closed $350 million in capital for its second dedicated India fund, focusing on early-stage startups and supporting them through subsequent growth stages. Growth capital firm Playbook Partners plans to invest approximately $20 million (around Rs 175 crore) in each of 12-15 companies over the next two years. Startup accelerator Change Engine has announced its plan to invest over $5 million over the next five years in early-stage AI startups from India.
Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights.
New launches and partnerships
▪️Uber partners with Refex Green Mobility to roll out 1,000 EVs by 2026
▪️Urban Company ventures into quick commerce with Insta Maid, offering 15-minute househelp services
▪️Former Zomato COO, Surobhi Das teams up with Deepinder Goyal to launch a new startup, LAT Aerospace
▪️Coinbase registers with FIU to introduce crypto trading services
▪️CARS24 expands into the ‘new cars’ market with an aggregator platform
Financial results this week
▪️Fast&Up-parent Fullife Healthcare controls losses by 39% in FY24
▪️Loom Solar surpasses Rs 150 Cr revenue in FY24, profits triple
▪️Lahori Zeera crosses Rs 300 Cr revenue in FY24; profits spike 3X
▪️Hangyo nears Rs 300 Cr revenue in FY24; profit spikes 2X
Potential deals
▪️Droom India raises funds at $360 Mn valuation
▪️Salman Khan and Sachin Tendulkar join Purple Style Labs new round
▪️CityMall to raise Rs 55 Cr in debt; expands ESOP pool
▪️Brick&Bolt valuation soars 3X in new round
▪️Rusk Media to raise $8.5 Mn in Series B
News flash this week
▪️Education finance startup Kuhoo Finance secures NBFC license
▪️PhonePe crosses 600M registered users
▪️Flipkart’s Super.money pushes CRED out of top 5 UPI app in Feb
Summary
On a weekly basis, startup funding surged over 30% to $462.27 million as compared to around $355.02 million raised during the previous week.
UPI transactions saw a 5.2% decline in volume, reaching 16.11 billion in February 2025. PhonePe, Google Pay, and Paytm maintained their lead in the UPI market, while Flipkart’s Super.money made its debut in the top five surpassing CRED.
Home services startup Urban Company has entered the quick commerce space with the launch of ‘Insta Maids,’ a 15-minute maid booking service.
This week, several startups are in talks to raise capital, as revealed by regulatory filings accessed by Entrackr. Notable upcoming deals include Rusk Media’s $8.5 million Series B round led by Woori Venture Partners, social e-commerce platform CityMall securing $6.3 million, and used-car marketplace Droom India raising $2.9 million at a post-money valuation of $360 million. Additionally, tech-enabled construction company Brick&Bolt is set to raise $1.95 million, nearly tripling its valuation to over $100 million.