Indian Startup Funding — Startups Raised $125 Mn This Week

SUMMARY

Between February 3 and 8, Indian startups cumulatively raised $124.6 Mn via 21 deals, marking a 36% decline from the $195.5 Mn raised across 24 deals in the preceding week

Fintech emerged as the top sector in terms of investment this week, on the back of the biggest funding round which saw B2B fintech startup Cashfree raising $53 Mn in its Series C funding round

Seven startups at the seed stage raised $7.1 Mn during the timeframe, down 67% from the preceding week

A slump in the investment activity across the Indian startup ecosystem which was evident over the past couple of weeks further deepened in the month of February.

Just like the last week of January, which witnessed a dearth of fresh mega funding rounds hurting the weekly investment activity trends, the first week of February also failed to buck the trend.

Between February 3 and 8, Indian startups cumulatively raised $124.6 Mn via 21 deals, marking a 36% decline from the $195.5 Mn raised across 24 deals in the preceding week.

Funding Galore: Indian Startup Funding Of The Week [ Feb 3 – Feb 8 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
5 Feb 2025	Cashfree Payments	Fintech	Payments	B2B	$53 Mn	Series C	KRAFTON, Apis Partners	KRAFTON
1 Feb 2025	Captain Fresh**	Ecommerce	B2B Ecommerce	B2B	$28.8 Mn*	–	Prosus Ventures, Accel, Tiger Global, Sriharsha Majety Family Office, Sid Khanna, Sunjay Kapur, Shivalik Prints	Prosus Ventures, Accel, Tiger Global
6 Feb 2025	TrueFondry	Enterprisetech	Horizontal SaaS	B2B	$19 Mn	Series A	Intel Capital, Eniac Ventures, Peak XV, Jump Capital, Gokul Rajaram, Mohit Aron, Cyan Banister	Intel Capital
4 Feb 2025	HairOriginals	Ecommerce	D2C	B2C	$5 Mn	Series A	Anicut Growth Fund, 12 Flags Consumer Holdings, Peyush Bansal	Anicut Growth Fund, 12 Flags Consumer Holdings
3 Feb 2025	Shadowfax	Logistics	Ecommerce Logistics	B2B	$4 Mn	Series F	Mirae Asset, Nokia Growth Partners	–
6 Feb 2025	Nua	Ecommerce	D2C	B2C	$3.9 Mn	pre-Series C	Mirabilis Investment Trust, Samir Singh, Shuchi Kothari	Mirabilis Investment Trust
4 Feb 2025	Presentations.AI	Enterprisetech	Horizontal SaaS	B2B	$3 Mn	Seed	Accel Partners, Vijay Shekhar Sharma, Kunal Shah, Phanindra Sama, Girish Mathrubhootham, Krish Subramanian, Rajaraman Santhanam	Accel Partners
5 Feb 2025	Astra Security	Enterprisetech	Horizontal SaaS	B2B	$2.7 Mn	–	Emergent Ventures, Neon Fund, Blume Ventures, PointOne Capital	Emergent Ventures
5 Feb 2025	Dreamfly Innovations	Cleantech	Battery Tech	B2B	$1.4 Mn*	Seed	Avaana Capital, Sunicon Ventures	Avaana Capital
5 Feb 2025	Mealawe	Consumer Services	Hyperlocal Delivery	B2C	$1 Mn	–	–	–
5 Feb 2025	Quicklend	Fintech	Lending Tech	B2C	$772K	pre-Seed	Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX	Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX
7 Feb 2025	Babynama	Healthtech	Telemedicine	B2C	$700K	Seed	Good Capital, Amplify, Abhishek Gupta, Ankit Gupta, Akshay Saxena, Dhruv Dhanraj Bahl	Good Capital
6 Feb 2025	PlaySuper	Enterprisetech	Vertical SaaS	B2B	$500K	Seed	IAN Group, 100X.VC, Uday Sodhi, KRS Jamwal, Pratham Mittal, Rajit Bhattacharya, Ankit Das	IAN Group, 100X.VC
6 Feb 2025	Origamis AI	Enterprisetech	Horizontal SaaS	B2B	$500K	Seed	Vikas Gautam, Naveen Agarwal	Vikas Gautam, Naveen Agarwal
7 Feb 2025	LegUp	Consumer Services	Hyperlocal Services	B2C	$229K	pre-Seed	Bluebridge Capital	Bluebridge Capital
7 Feb 2025	Boba Bhai	Consumer Services	Hyperlocal Delivery	B2C	$103K	–	Namita Thapar, Viraj Bahl	–
4 Feb 2025	Super Gaming	Media & Entertainment	Gaming	B2C	–	–	Bandai Namco	Bandai Namco
3 Feb 2025	BuilditIndia	Ecommerce	B2B Ecommerce	B2B	–	–	Parthiv Patel	Parthiv Patel
3 Feb 2025	Curefoods	Consumer Services	Hyperlocal Delivery	B2C	–	–	Hrithik Roshan	Hrithik Roshan
7 Feb 2025	Vahan.ai	Enterprisetech	Horizontal SaaS	B2B	–	–	PERSOL Group	PERSOL Group
6 Feb 2025	Basil Alliance	Enterprisetech	Horizontal SaaS	B2B	–	–	Inflection Point Ventures	Inflection Point Ventures
	Source: Inc42 Part of a larger round *Included this week as it was skipped last week Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

Fintech emerged as the top sector in terms of investment this week, on the back of the biggest funding round which saw B2B fintech startup Cashfree raising $53 Mn in its Series C funding round. Cashfree, along with Quicklend, together raised $53.8 Mn during the week.
The greatest number of deals materialised in the enterprisetech segment, where seven startups cumulatively raised $25.7 Mn over the week.
Seven startups at the seed stage raised $7.1 Mn during the timeframe. This marked a 67% decline from the $21.8 Mn raised by startups at the seed stage in the week prior.

Other Developments Of The Week

Mumbai-based Veefin Group announced its fifth strategic acquisition over the past year in the form of Dubai-based TradeAssets through its subsidiary Estorifi Solutions.
Quick commerce major Zepto is in talks with a host of top mutual fund houses to oversee a $300 Mn secondary deal.
Listed TAC Security is eyeing to buy Rhodes-based Web3 security firm CyberScope to expand its global footprint in the Web3 security space.
Fintech SaaS unicorn Perfios acquired CustomerXPs to strengthen its position in the domestic as well as global markets.
FMCG giant ITC has entered into a definitive agreement to acquire 100% stake in D2C meat delivery startup Meatigo’s parent.
Info Edge has gotten its board’s approval to invest up to INR 1,000 Cr in IE Venture Investment Fund III, a SEBI-registered Category II Alternative Investment Fund (AIF).