Indian Startups Funding Overview

Indian startups achieved a significant milestone this week, raising approximately $205.76 million in total. This includes 5 growth-stage deals and 12 early-stage funding rounds, while two startups opted not to disclose their funding amounts.

Growth-stage Deals

This week’s growth and late-stage funding amounted to nearly $118.2 million, with healthtech startup Citykart leading its Series B round, supported by TPG NewQuest. Consumer tech startup Snabbit raised $19 million in its Series B round. Mufin Green also acquired $15 million through a debt round, with logistics firm Fleetx and agritech firm Sumunnati securing funds as well.

Early-stage Deals

A total of $87.56 million was raised by 12 early-stage startups. Fintech company Saarthi Finance topped this category with a $55.5 million Series A round, followed closely by e-commerce startup Slikk, deeptech firm Frinks AI, and AI company Unbound. Travel tech brand Gyde XP and e-commerce startup Estailo also secured funding, though they did not disclose their amounts.

For a comprehensive funding breakdown, visiting various industry sources is recommended.

City and Segment-wise Deals

Bengaluru-based startups led the funding scene with 8 deals, followed by Delhi-NCR with four deals. Startups from Mumbai, Chennai, Surat, and Ahmedabad also participated in funding rounds.

Segment-wise, fintech and e-commerce startups were at the forefront with four deals each, followed by deeptech and agritech startups with two deals apiece. Retailtech, AI, consumer tech, logistics, and others also secured funding.

Series-wise Deals

This week, Series A and Seed funding dominated the funding landscape, with pre-seed, Series B, pre-Series A, and other funding rounds following suit.

Week-on-week Funding Trend

In a week-on-week comparison, startup funding increased by 47.50% to $205.76 million, compared to approximately $139.5 million raised the previous week. The average funding over the past eight weeks is around $198 million, with 24 deals reported per week.

Key Hirings & Departures

This week witnessed two significant hires. Beauty and personal care brand Nat Habit appointed Kushal Gupta as its Chief Retail Officer (CRO). Meanwhile, MathCo, an enterprise AI and analytics firm, welcomed Richa Sharan as the new head of Human Resources Business Partner (HRBP).

For more details, exploring various sources is beneficial.

Mergers and Acquisitions

Bengaluru’s Jumbotail Technologies has acquired B2B e-commerce platform Solv, while Plane, an open-source project management startup, has acquired Sort, a US-based engineering team. Professional education company Imarticus Learning has secured edtech startup MyCaptain for Rs 50 crore (approximately $6 million), marking its fourth acquisition over four years.

Details can be further explored across various sources.

Fund Launch

Info Edge (India) Limited, the parent of Naukri.com, has received shareholder approval for a related party transaction involving an investment of up to Rs 1,000 crore (around $118 million). The private equity firm Multiples Alternate Asset Management raised $430 million for a continuation fund, while the International Finance Corporation (IFC) proposed an equity investment of up to $30 million in L Catterton India Fund (Fund I).

For a detailed view of series-wise deals along with amount breakdowns and more insights, visiting various sources is advisable.

Financial Results This Week

Infibeam has reported revenue of Rs 1,160 crore in Q4 FY25, with profits rising by 20%. The parent company of FirstCry recorded revenue surpassing Rs 1,900 crore in Q4 FY25; however, losses surged to 74%. Info Edge declared Rs 750 crore in revenue for Q4 FY25, with profits increasing 7.7 times. Medikabazaar bounced back with Rs 1,355 crore in gross revenue for FY24. Oxyzo reported Rs 340 crore PAT on Rs 1,207 crore revenue in FY25. Ola Electric faced a surge in losses, now reaching Rs 862 crore in Q4 FY25, with revenues declining by 62%. Yatra’s profits spiked 2.7 times in Q4 FY25 as revenues doubled, while EaseMyTrip experienced a revenue drop of 15% in Q4 FY25. Zerodha Capital reported Rs 12.5 crore in profits for FY25, and Nykaa indicated Rs 2,061 crore in revenue for Q4 FY25, with profits soaring by 90%.

News Flash This Week

Razorpay is set to pay $150 million in taxes related to its reverse flip to India. Jar has entered UPI payments via BharatPe and Unity Bank. Groww has confidentially filed a draft red herring prospectus (DRHP) with SEBI.

Summary

This week, startup funding rose by nearly 47.50% to $205.76 million compared to approximately $139.5 million raised the previous week. The ZStock broking platform Groww has submitted a draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) through the confidential route. Pet food brand Drools has claimed unicorn status following a minority stake purchase by Nestlé. Razorpay, a financial technology unicorn, anticipates a tax liability of around $150 million (approximately Rs 1,280 crore) due to its reverse flip to India.