WTFund and Nazara Technologies have invested ₹2 crore in Indian gaming startups Norian Games and Xigma Games. Led by visionary founders, these studios are redefining Indian gaming with immersive titles like Aldian of Ancients and Rubek. This funding marks a milestone, showcasing the rising global potential of India’s gaming industry.
Leo Capital has led a $3 million funding round in Zeplyn, a SaaS startup focused on enhancing enterprise efficiency. This investment highlights growing venture interest in SaaS solutions that streamline operations and drive productivity. With the new funding, Zeplyn plans to accelerate product development and expand its market reach, catering to businesses seeking digital solutions for optimized workflows.
Ennoventure, a brand protection startup, has raised $8.9 million in Series A funding led by Tanglin Venture Partners. Using AI and blockchain, Ennoventure’s invisible signature technology allows for quick product authentication through simple scans. Already active in industries like pharma and FMCG, the startup aims to enhance its platform and expand its global reach, offering brands a powerful defense against counterfeiting in today’s fast-paced market.
Funstop Games, a prominent gaming studio, has raised $5 million in a Series A funding round led by 360 ONE Asset, with participation from InfoEdge Ventures. Founded in 2020 by Prashanth Vijay and Tamesh Sharma, the company has generated $4 million in revenue and developed over 30 games. Popular titles such as Airport Rush and Perfect Time have driven the studio’s success, amassing over 75 million downloads and contributing to a global total of 100 million. With new funding, Funstop aims to enhance its ad-tech capabilities, expand its game portfolio, and focus on the spiritual gaming segment to bring Indian storytelling to a global audience.
Delhi-based startup Enlog has raised ₹1.75 crore in a funding round led by Vinners to expand its AI-powered energy management and IoT solutions. Founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog helps businesses optimize energy use and reduce carbon footprints. With over 15,000 users and key partnerships in sectors like hospitality, Enlog plans to expand to major Indian metro cities and triple its revenue by 2025.
GalaxEye, an Indian space tech startup, has raised $10 million in Series A funding, supported by strategic investors including MountTech Growth Fund - Kavachh, chaired by former Defence Secretary Ajay Kumar. Founded in 2021, GalaxEye is preparing for the 2025 launch of its first multi-sensor satellite to advance Earth observation and disaster monitoring. The funding will bolster GalaxEye’s operations, as India’s private space sector continues its record-breaking growth.
KiranaPro, a quick commerce app focused on empowering local kirana stores, has raised an undisclosed pre-seed funding round with backing from Unpopular Ventures, Blume Founders Fund, Snow Leopard Ventures, and angel investors. This investment supports KiranaPro's mission to bring rapid, hyperlocal ten-minute delivery services to customers across India, helping small retailers compete with e-commerce giants. By establishing dedicated ONDC-powered counters in supermarkets, KiranaPro aims to boost customer experience and strengthen local business reach. The new funding will drive enhancements in technology, operational infrastructure, and expansion of their quick delivery network.
Arya.ag, a Noida-based agritech platform, has secured a $19.8 million debt facility from the U.S. International Development Finance Corporation (DFC) to expand its market linkage capabilities, connecting farmers and farmer-producer organizations (FPOs) with buyers. This new funding follows a recent $29.2 million investment round and supports AryaTech, Arya.ag’s subsidiary, in creating a secure, transparent agricultural marketplace. With a vast network of over 12,000 warehouses across 60% of India’s districts, Arya.ag leverages technology to manage inventory and reduce risks, furthering its mission to drive economic growth in underserved regions.
COOX, a home services booking platform, has raised $125,000 in Seed funding from Inflection Point Ventures to support its expansion to 40 cities, boost marketing efforts, and incorporate AI for enhanced operations. Founded by Akshat Gupta, Abhishek Gupta, and Rajat Johri, COOX offers services such as professional chefs, domestic cooks, bartenders, and event decoration for various gatherings. Since its 2019 launch, COOX has served over 5 lakh customers and onboarded more than 3,000 trained professionals, driving innovation in home services and creating gig opportunities in the hospitality sector. With the Indian food services market set to grow, COOX’s mission—“Hosts should enjoy as much as the guests”—positions it to meet rising demand for organized, tech-driven service solutions.
Healthify, a health and fitness platform previously known as HealthifyMe, has secured $20 million in fresh funding as part of a larger $45 million equity round, led by Khosla Ventures and LeapFrog Investments. This new investment will fuel the company’s ambitious expansion into the U.S. market, where Healthify plans to bring its unique blend of AI-driven and human coaching to a broader audience. With a total of $125 million raised to date, Healthify’s latest funding round marks a key milestone in its mission to make personalized health coaching accessible worldwide. Founded by Tushar Vashisht, Sachin Shenoy, and Mathew Cherian, the platform already serves over 40 million users across India and offers corporate wellness solutions through partnerships in diagnostics, insurance, and pharmaceuticals.
Avaana Capital has closed its $135 million Climate and Sustainability Fund to invest in early-stage startups developing innovative climate solutions. The fund focuses on three critical areas contributing to 90% of India’s carbon emissions: energy and resource management, mobility and supply chains, and sustainable agriculture. With backing from global investors like the Green Climate Fund, Avaana seeks to accelerate India's transition to a net-zero economy by 2070, supporting scalable climate technologies in India and beyond.
Zomato is set to raise Rs 8,500 crore ($1 billion) through a Qualified Institutional Placement of shares to enhance its cash position as it competes with Swiggy and other quick commerce players. CEO Deepinder Goyal stressed that while capital alone cannot secure victory, it is crucial for maintaining a level playing field in a cash-intensive business. With competition intensifying and Swiggy’s upcoming IPO, Zomato aims to fortify its financial standing and continue scaling its operations.
Kunal Bahl, co-founder of Snapdeal and Titan Capital, joins Shark Tank India Season 4, replacing Zomato CEO Deepinder Goyal. Goyal exited due to Swiggy, Zomato's competitor, sponsoring the season and requesting his removal. Bahl brings his entrepreneurial expertise to the panel, joining Anupam Mittal, Aman Gupta, Namita Thapar, and Ritesh Agarwal. The new season, hosted by Sahiba Bali and Ashish Solanki, will stream on Sony LIV, adding fresh excitement for fans of the popular reality show.
Homegrown electric vehicle (EV) mobility platform, ZEVO, has secured $2 million in pre-Series A funding led by Pegasus India Fund, with contributions from BizDateUp, JIIF, and a family office. The funds will be used to expand ZEVO’s fleet by 5,000 electric vehicles and establish fulfillment centers across India. The company also plans to extend its services to tier 2 and tier 3 cities, bringing sustainable mobility to underserved regions. Co-Founder Dhruv Bhatia shared that ZEVO is targeting an additional $20 million in funding by January 2025, aiming for 200,000 EVs on the road by 2030.
During the week, 29 Indian startups raised $461 million, with 10 growth-stage startups securing $397.7 million. Whatfix led with $125 million, followed by M2P Fintech ($101.8 million), Qure.ai ($65 million), and others. Early-stage startups raised $63.32 million, with Nurix AI leading the pack. Bengaluru dominated city-wise funding, while AI startups led in sectors. Seed funding led series-wise with 10 deals. Several new funds were launched, including a ₹200 crore fund by Optimistic Capital. Key hirings and acquisitions also shaped the ecosystem, alongside layoffs at PayU Finance.
Bengaluru-based online education platform Seekho is on the verge of closing a $10 million Series A funding round, co-led by Lightspeed and Elevation Capital. Founded in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, Seekho offers diverse, short courses designed to make learning accessible to a wide audience, including tier-II cities. Valued at around $45 million, the platform has attracted strong investor confidence, with Elevation Capital now holding a 24% stake. The funding will enable Seekho to further expand its reach and impact in the online education space.
Proptech startup Flent has secured Rs 6.5 crore in a pre-seed funding round led by WEH Ventures, with participation from 2 AM Ventures, Pareto Holdings, and prominent angel investors. The funds will help expand its core team and enhance its renting platform, which aims to simplify the rental process for India’s working professionals. Co-founded by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, Flent has seen rapid success with its flagship product, Flent Reserve, offering turnkey, fully furnished homes with flexible stay options. Since launching in October 2023, the startup has achieved 100% occupancy across its Bengaluru properties and has a waitlist of over 500 people.
Visa processing platform Atlys has raised $20 million in its Series B round, co-led by Peak XV Partners and Elevation Capital, with participation from DST Global and Headline. The funding will drive Atlys' global expansion, product development, and entry into new markets. The three-year-old startup streamlines visa processes, reducing rejection rates and processing times to just 55 seconds. Atlys handles over 30,000 visa applications monthly, with India contributing 60%. Founder Mohak Nahta highlighted the company's 20x growth and the critical need for seamless visa processing amid India’s rising outbound tourism.
Medtech startup Qure.ai has secured $65 million in Series D funding, co-led by Lightspeed Venture Partners and 360 ONE Asset Management. The funds will be used for expanding into new markets, improving AI models, and supporting acquisitions. Founded by Prashant Warier in 2016, Qure.ai leverages AI for rapid diagnostics in medical imaging, detecting conditions like brain trauma and chest diseases. With AI playing an increasing role in healthcare, India’s medtech sector is evolving through digital health innovations, AI integration, and wearable technology advancements.
Infosys has announced a $2 million investment in Indian Earth-observation startup GalaxEye Space as part of its Series A round. This partnership aims to enhance satellite data fusion, AI-driven analytics, and next-gen space technologies. GalaxEye, founded by Suyash Singh and his IIT Madras colleagues, is set to launch the world’s first multi-sensor Earth-observation satellite in 2025. The satellite, equipped with synthetic aperture radar and multispectral sensors, will offer unique capabilities for the Indian Armed Forces, including low-light surveillance and camouflage detection. The Infosys investment follows GalaxEye’s recent $6.5 million Series A funding.
Schmooze, an AI-powered dating platform, raised $4 million in its Series A round led by Elevation Capital, with angel investors from UltraHuman, The Souled Store, Mosaic Wellness, and Paytm. Founded by Vidya Madhavan and Abhinav Anurag, Schmooze matches users based on personality and humor through memes, moving away from appearance-based dating. In 10 months, the platform has gained over 1 million users and boasts a 3x better female-to-male ratio than mainstream apps. Schmooze’s AI evolves with each interaction, offering quirky match insights and enhancing user storytelling. Beyond dating, it tackles Gen Z’s loneliness through features like Roast AI and Rant AI, creating more meaningful connections.
The Hosteller, an Indian backpacker hostel chain, raised $4 million in a Series A round led by V3 Ventures, valuing the company at Rs 200 crore ($25 million). Founded in 2014, The Hosteller operates in over 60 locations, offering affordable lodging and immersive travel experiences. The funds will support expansion to 150+ locations within 24-30 months. For FY 2024, the startup reported Rs 55 crore in revenue with positive margins. CEO Pranav Dangi highlighted their tech concierge Glu, while CFO Saksham Khemka noted 4x growth over the past three years, with plans to add 50 properties by year-end.
Gurugram-based startup Kindlife, which specializes in skincare, beauty, and wellness products, has secured $8 million in a Series A funding round led by JB-Dooeun TK Fund and MIXI Global Investments. The round also saw participation from existing investor Kalaari Capital and several angel investors. This follows a $2.5 million seed round in November 2021. Founded by Radhika Ghai, Vidit Jain, and Manasa Garemella, Kindlife leverages AI technology to offer personalized beauty routines for Gen Z consumers. The platform also features an influencer community promoting the latest K-beauty trends. The newly raised capital will be used to enhance Kindlife’s market presence in India, focusing on premium Korean and Japanese beauty brands, while strengthening its distribution network and content-driven approach.
Centriti, a B2B e-procurement platform, has secured Rs 6 crore in funding led by Emergent India Ventures, with participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group. The funds will enhance tech capabilities, reduce service time, and expand into new geographies. Founded in 2022 by Daljeet Singh, Centriti uses mid-mile logistics, warehousing, and AI-driven inventory management to optimize costs and efficiency for hotels and restaurants. The Delhi-based startup collaborates with major brands like Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point. Currently operating in Delhi, Bengaluru, and Jaipur, Centriti plans to expand to Goa, Hyderabad, Kochi, and Chennai within two years. With a current monthly run rate of Rs 2 crore, the company aims to reach Rs 6 crore by December 2024, scaling up 10x in two years.
Raja Manickam, CEO of Tessolve, has launched iVP Semi, a fabless semiconductor startup, securing $5 million in Pre-Series A funding from undisclosed investors. The funds will be used to establish testing facilities and expand operations in India, with plans for chip design centers in Chennai and Bengaluru. iVP Semi aims to localize semiconductor chip production, enhancing technological autonomy for Indian companies. iVP Semi is collaborating with the Tamil Nadu government to set up a 20,000 sq. ft. “production test” facility in Chennai by October 2024 and plans a second unit in South India. The launch aligns with rising semiconductor demand, supported by government incentives, and aims to bolster India's position in the global semiconductor market.
Thane-based healthtech startup Watch Your Health has raised $5 million in a Series A funding round led by Cornerstone Ventures and Conquest Global. Founded in 2015 by Ratheesh Nair, Abhitosh Pandey, Jay Patel, and Prachi Shinde, the startup helps insurers and pharmaceutical companies enhance customer engagement using advanced analytics for personalized health recommendations. The funds will be used to scale operations, expand the user base, and enhance technological infrastructure. Watch Your Health aims to introduce electronic behavior records, mental health support, predictive analytics for disease prevention, and chronic disease management. The startup has established partnerships with healthcare providers like Watania Takaful and Shalina Healthcare, competing with HealthifyMe, GOQii, and others.
Home furnishing startup Wify recently closed its Pre-Series A funding round, garnering INR 40 Cr (approximately $5 million). The funding, conducted in two tranches, saw initial investors like Blume Founders Fund and Singularity Ventures, and later additions from Mount Judi Ventures and Capria Ventures. This financial boost will enable Wify to expand its product offerings, introduce new services, and strengthen its technology framework.
Jaipur-based Fabriclore has raised $1.6 million in funding led by PeerCapital from Bengaluru and Regal Fabrics from the UAE. This tech-enabled fabric sourcing platform for fashion businesses will use the funds to expand its presence in key markets, including India, the Middle East, Europe, and the USA. The company will invest in technology to streamline operations, enhance customer experience, and scale internationally. Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore offers a wide portfolio of cotton, viscose, sustainable, and polyester fabrics. With a catalogue of 10,000 SKUs developed by over 550 suppliers, it has onboarded over 200 private labels within 12 months of its B2B pivot. Fabriclore also created the Fabric Experience Studio in Jaipur and plans more in tier-A cities in India and the UAE.
Growth Sense, an India-based business growth platform, has raised $600,000 in funding led by angel investors, micro VCs, and industry veterans. This funding will help Growth Sense empower small and medium enterprises (SMEs) by providing strategic growth solutions, showcasing investor confidence in its potential. The funds will be used to enhance the platform, expand the team, and scale operations to reach more SMEs. Growth Sense aims to leverage advanced technology and expert insights to help SMEs overcome growth challenges and achieve sustainable success. This strategic move aligns with the company's vision to become a leader in the SME growth sector, driving economic development with valuable resources and support.
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