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Indian Startups Secured $340.55 Million in Funding

This week, Indian startups raised $340.55 million, comprising 9 growth-stage and 20 early-stage deals, while 2 startups chose not to disclose their funding. In contrast, the previous week saw 30 startups obtain approximately $205.31 million in total.

Growth-Stage Funding Deals

In total, $244.11 million was raised in growth and late-stage funding this week, led by healthtech startup Truemeds, which secured $85 million in its Series C round. Quick commerce unicorn Zepto followed closely with a $46 million investment, led by Motilal Oswal Financial Services Limited (MOFSL). Additionally, SaaS company Darwinbox raised $40 million in its Series D round. Other noteworthy fundraisers include electric bike startup Ultraviolette, e-commerce platform Kimirica, and Shivalik Small Finance Bank.

Early-Stage Funding Deals

A group of 20 early-stage startups raised approximately $96.44 million, with the leading funding coming from medical coding startup Jeh Arintra, which received $21 million in a Series A round led by Peak XV Partners. Other notable early-stage startups that secured funding include AI entertainment startup Dashverse, home services company Pronto, e-commerce tech startup Graas AI, and electronics R&D and manufacturing firm Brandworks Technologies. Retail tech startup ZenZebra and deep tech startup SecureMachines also obtained funding but have not disclosed the amounts.

City and Segment-wise Funding Insights

Bengaluru hosted the most funding activity this week, with 12 deals, followed by Delhi-NCR with 7 deals. Mumbai, Pune, Hyderabad, and other regions also saw successful funding initiatives. Segment-wise, fintech startups took the lead with four deals, while healthtech startups followed closely with three deals. AI, deep tech, e-commerce, and various other startups also made strides in securing funding.

Series-wise Funding Distribution

This week, Series A funding led with 7 deals, followed by seed, Series B, and pre-Series A funding, which recorded 6, 4, and 3 deals, respectively. Pre-seed, Series C, and other investments also collected funding. For a more thorough understanding of the series-wise deals and their amounts, various sources can provide additional insights.

Funding Trends

On a weekly scale, startup funding surged nearly 66% to $340.55 million, jumping from about $205.31 million raised the prior week. The average funding over the last eight weeks stands at approximately $209.32 million, averaging 25 deals per week.

Key Appointments and Departures

Several significant leadership changes were announced this week across the startup ecosystem. Niyo appointed veteran banker Amit Talwar as CEO of Niyo Forex (Powered by Kanji Forex Pvt Ltd). ProcMart has brought on Ashutosh Dhar as Chief Business Officer, while FatakPay named Bikash Choudhary as CEO. Former Jubilant executive Namish Chaudhary has joined Wow! Momo as CTO. Abha Maheshwari, previously an executive with Meta, has resigned as CEO of Allen after a two-year tenure.

Fund Launches

This week also saw the launch of four funds, including Speciale Invest’s Rs 600 crore Fund III, Atomic Capital and Astratinvest’s Rs 400 crore fund, along with Lavni Ventures’ Rs 200 crore deep tech impact fund.

New Initiatives and Partnerships

• Astratinvest has launched the Quant Long Short Fund, aiming for Rs 400 Cr in 12 months.
• All In Capital has introduced TorQLabs to support supply chain and logistics startups.
• The food delivery app Ownly by Rapido is now operational in parts of Bengaluru.
• Embee Software has launched a state-of-the-art Cyber Defence Center to transform enterprise security.
• Myntra has announced a festive Zero Commission model to aid made-in-India women’s ethnic wear brands.

Financial Results This Week

• EaseMyTrip reported a 98% profit drop in Q1 FY26 after expenditures of Rs 370 Cr on three acquisitions.
• Fractal achieved revenue of Rs 2,700 Cr in FY25, regaining profitability.
• The parent company of FirstCry recorded Rs 1,863 Cr revenue and Rs 75 Cr EBITDA in Q1 FY26.
• Indiqube announced Rs 309 Cr revenue in Q1 FY26 while managing to control losses.
• Unicommerce’s revenue increased by 67% in Q1 FY26, with a profit rise of 9%.
• Nazara reported a doubling of revenue and profit in Q1 FY26.
• Smartworks managed to cut losses by 82% in Q1 FY26, achieving an all-time high share price.
• Nykaa’s profit surged by 80% to Rs 24.5 Cr in Q1 FY26.
• Honasa, the parent company of MamaEarth, reported Rs 595 Cr revenue in Q1 FY26, with a 2.7% increase in PAT.
• CashKaro posted Rs 350 Cr revenue in FY25, with GMV climbing to Rs 6,000 Cr.
• Awfis saw its revenue rise to Rs 335 Cr in Q1 FY26, with profits increasing by 3.5 times.

News Highlights This Week

• Groww retained its position as the leader in the stock broking sector in July, although PhonePe’s Share.Market experienced a 6% decline.
• In July, PhonePe approached 9 billion UPI transactions, with groceries and fast food contributing to the volume.
• Fractal Analytics has submitted its DRHP for a Rs 4,900 Cr IPO.
• Sands Capital reduced its stake in BlackBuck by Rs 191 Cr within a week.

Startup funding experienced a notable increase of almost 66% this week, reaching $340.55 million compared to approximately $205.31 million from the prior week. India’s active stock market user base declined for the second consecutive month, dropping by 4% in July 2025 to 45.96 million from 47.89 million in June, following a peak of 49.67 million in January. Groww maintained its leading position with 12.35 million active clients, despite a slight decrease of 1.81% from June.

The UPI reached a record 19.47 billion transactions worth Rs 25.08 lakh crore in July. PhonePe and Google Pay together accounted for over 81% market share in terms of volume and value, as reported by NPCI. PhonePe led with 8.93 billion transactions, while Google Pay handled 6.92 billion transactions.

Fractal Analytics has filed its DRHP with SEBI to raise up to Rs 4,900 crore through an IPO, including a fresh issue of Rs 1,279 crore and an OFS of Rs 3,620.7 crore. Among the key sellers are Apax Partners’ Quinag Bidco, TPG Fett Holdings, and others.

Embee Software announced the launch of its Cyber Defense Center, a comprehensive managed security service that offers around-the-clock threat detection, incident response, and risk management capabilities, supported by Microsoft Sentinel and Seceon. This cloud-native, AI-driven platform ensures seamless integration with a variety of systems for enhanced business protection.

In advance of India’s 79th Independence Day, Myntra has initiated a three-month zero commission offer for new women’s ethnic wear brands, part of its Myntra Rising Stars programme, aimed at supporting emerging made-in-India labels.

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