Growth-Stage Deals

This week, 29 Indian startups raised $461 million in funding, including 10 growth-stage deals totaling $397.7 million. Digital adoption platform Whatfix led with $125 million, followed by M2P Fintech ($101.8 million), Qure.ai ($65 million), HomeLane ($27 million), AdOnMo ($25 million), and Atlys ($20 million). Other growth-stage deals included Giva, Kapiva, Curefoods, and Vedantu.

Early-Stage Deals

18 early-stage startups secured $63.32 million. Nurix AI led the pack, followed by Two Point O Capital, Ahammune Biosciences, CoRover, and The Health Factory. Girnar AI (Uservox) raised funding from CarDekho Group but kept details undisclosed.

City and Segment Breakdown

Bengaluru led city-wise deals with 17, followed by Delhi-NCR, Mumbai, Chennai, Hyderabad, and Pune. AI startups led with 5 deals, followed by E-commerce, Fintech, SaaS, F&B, Adtech, and Automotive Tech.

Series-Wise Deals

Seed funding dominated with 10 deals, followed by 4 pre-seed, 3 debt, and 3 Series A rounds.

Fund Launches

Optimistic Capital launched a Rs 200 crore fund for microbreweries. Tribe Capital and Oister Global announced a $500 million secondary fund, while SCOPE set up a $50 million fund for fintech and gaming startups. MudhalVC was launched by Suresh Sambandam to support idea-stage startups in Tamil Nadu.

Key Hirings and Departures

Notable hires include Nitin Pulyani at Cashfree Payments, Probir Das at Integris Healthcare, and Raghunath Subramanian as CEO of Epiplex.ai. Departures include Nitin Kumar from RateGain and Akriti Chopra, Zomato’s co-founder, and CPO.

Mergers and Acquisitions

Zaggle acquired TaxSpanner, Loco was acquired by Redwood, and HomeLane offered to acquire DesignCafe. Redcliffe Labs plans to acquire Celara Diagnostics.

Layoffs

PayU Finance laid off 100 employees, primarily from its Gurugram, Bengaluru, and Mumbai offices.

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