Indian Startup Funding — Startups Raised $186 Mn This Week

SUMMARY

Twenty startups cumulatively raised $186.1 Mn in the first six days of September, a 90% jump from $98.2 Mn secured across 18 deals last week

Ecommerce startups dominated the funding trend this week, with eight startups securing $78.8 Mn

Accel, RTP, Elevation Capital and Inflection Point Ventures were the most active investors this week, backing two startups each

After showing signs of recovery in the final week of August, Indian startup funding surged further in the first week of September. Twenty startups cumulatively raised $186.1 Mn in the first six days of September, a 90% jump from $98.2 Mn secured across 18 deals last week.

Funding Galore: Indian Startup Funding Of The Week [ Sep 1-6 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
2 Sep 2025	CityMall	Ecommerce	Marketplace	B2B-B2C	$47 Mn	Series D	Accel, Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, Jungle Ventures	Accel
3 Sep 2025	Seekho	Media & Entertainment	OTT	B2C	$28 Mn	Series B	Bessemer Venture Partners, Goodwater Capital, Lightspeed Venture Partners, Elevation Capital	Bessemer Venture Partners
1 Sep 2025	Blue Tokai Coffee Roasters	Ecommerce	D2C	B2C	$25 Mn	–	A91 Partners, Anicut, Verlinvest, 12 Flags	–
4 Sep 2025	FirstClub	Consumer Services	Quick Commerce	B2C	$23 Mn	Series A	Accel, RTP Global, Blume, 2am VC, Paramark Ventures, Aditya Birla Ventures	Accel, RTP Global
4 Sep 2025	Colive	Real Estate Tech	Property Listing & Discovery	B2C	$20 Mn	Series B	Bain Capital, Sattva Group	Bain Capital
2 Sep 2025	Offgrid Energy	Clean Tech	Climate Tech	B2B	$15 Mn	Series A	Archean Chemicals Industries, Ankur Capital	Archean Chemicals Industries
4 Sep 2025	Reveal Healthtech	AI	Application Layer (Health Tech)	B2B	$7.2 Mn	Series A	Leo Capital, Sanos Capital	Leo Capital
3 Sep 2025	PlatinumRx	Health Tech	Online Pharmacy	B2C	$6 Mn	Series A	Stellaris Venture Partners, India Quotient	Stellaris Venture Partners
2 Sep 2025	LeafyBus	Travel Tech	Transport Tech	B2C	$4.1 Mn	Pre-Series A	Enetra India, Impact Capital Asia Management	Enetra India
2 Sep 2025	Tuco Kids	Ecommerce	D2C	B2C	$4 Mn	Series A	RTP Global, MG Investments, Whiteboard Capital, Fireside Ventures	RTP Global
4 Sep 2025	FlexifyMe	Health Tech	Telemedicine	B2C	$2.3 Mn	Pre-Series A	IvyCap Ventures, Signal Ventures	IvyCap Ventures
4 Sep 2025	AutoDukan	Ecommerce	Vertical Marketplace	B2C	$1 Mn	Pre-Series A	Rohit Goyal (managing partner, Windrose Capital), Raghu Venkatraman (Angel Investor)	–
4 Sep 2025	House of Zelena	Ecommerce	D2C	B2C	$793K	Seed	Sprout Venture Partners, M Venture Partners, GSF	Sprout Venture Partners, M Venture Partners
1 Sep 2025	Cuzor	Ecommerce	D2C	B2C	$566K	Seed	Ramesh Kannan (MD, Kaynes Technology)	Ramesh Kannan (MD, Kaynes Technology)
4 Sep 2025	RxMen	Health Tech	Telemedicine	B2C	$566K	Seed	Inflection Point Ventures, Family Ventures, Ankit Goel (More Retail), Seven Square Ventures, Prosus (Grant)	Inflection Point Ventures
4 Sep 2025	QuantE Energy	Clean Tech	Climate Tech	B2B	$500K	Seed	Trillion Dollar Venture Partners, Raghunandan G (founder, Zolve), Amit Lakhotia (founder, Park+) Ankit Gupta (ex-CEO, OYO), Hari Krishnan Nair (cofounder, Great Learning)	Trillion Dollar Venture Partners
5 Sep 2025	Dectrocel	Health Tech	Diagnostics	B2B	$453K	–	BioAngels (IAN Group), PadUp Ventures, Vinners	BioAngels (IAN Group)
2 Sep 2025	Zanskar	Ecommerce	D2C	B2C	$317K	Seed	Zeropearl VC, Pawan Gupta (founder, Fashinza), Amit Baid (managing partner, 10X Growth Ventures), Nidhish Mundra (SVP, Oaktree Capital)	Zeropearl VC
3 Sep 2025	Waterscience	Ecommerce	D2C	B2C	$159K	–	Valar Ventures	Valar Ventures
3 Sep 2025	Edgehax	Advanced Hardware & Technology	Internet Of Things (IoT) & Hardware	B2B-B2C	$158K	Seed	Inflection Point Ventures	Inflection Point Ventures
	Source: Inc42 Part of a larger round * Includes secondary transactions Note: Only disclosed funding rounds have been included

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Key Startup Funding Highlights Of The Week

Ecommerce startups dominated the funding trend this week, with eight startups securing $78.8 Mn. In this, Meesho competitor CityMall bagged the biggest cheque of $47 Mn.
Short video platform Seekho’s $28 Mn funding, quick commerce startup FirstClub’s $23 Mn Series A round, and Colive’s $20 Mn fundraise were the other big ticket deals that materialised this week.
Accel, RTP, Elevation Capital and Inflection Point Ventures were the most active investors this week, backing two startups each.
Six startups at the seed stage raised $2.9 Mn, a decline of 64% from $8.1 Mn raised by such startups in the previous week.

Fund Updates Of The Week

Elev8 Venture Partners marked the final close of its debut fund at $160 Mn. The VC firm intends to invest $10 Mn to $15 Mn in 12-14 growth stage startups operating across sectors like enterprise tech, fintech and healthtech.
Venturi Partners marked the first close of its $225 Mn fund at $150 Mn. The fund will back 10 startups operating in the retail, education, healthcare and FMCG space with an average ticket size of $15 Mn to $40 Mn.
L Catterton’s India-focussed consumer fund marked its first close at $200 Mn. It is expected to invest in 7-9 companies, with average ticket size in the range of $25 Mn to 150 Mn.

Startup IPO Updates This Week

After getting SEBI’s nod for its IPO, Urban Company filed its RHP for INR 1,900 Cr public issue. The IPO, which will open on September 10, will value the company at $1.6 Bn at the upper end of its price band of INR 98 to INR 103.
Besides Urban Company, boAt also received the market regulator’s approval for its IPO this week. The company had pre-filed its DRHP via the confidential route four months ago.
Coworking space provider DevX also filed RHP this week for its IPO that will solely consist of a fresh issue of up to 2.35 Cr shares. The public offering would open on September 10.
Supply chain solutions provider LEAP India filed its DRHP with the SEBI to raise up to INR 2,400 Cr via its IPO. Its public issue will consist of a fresh issue of up to INR 400 Cr and an offer for sale of up to INR 2,000 Cr.
Fintech major PhonePe is set to pre-file its IPO papers via the confidential route by the end of September 2025. It is aiming to raise between $1.2 Bn and $1.5 Bn, and expects to get listed by early 2026.

M&A Activities This Week

Ecommerce giant Amazon completed the acquisition of digital lending startup axio (formerly Capital Float) in a deal that was reportedly valued at around $200 Mn.
Listed B2B travel tech company TBO Tek announced plans to buy US-based Classic Vacations for $125 Mn to foster its US expansion.
Ecommerce major Flipkart bought a majority stake in Pinkvilla India to strengthen its appeal to younger audiences, especially Gen Z and millennials.
IPO-bound PhysicsWallah (PW) picked up a 40% stake in UPSC coaching institute Sarrthi IAS at a valuation of around INR 250 Cr to bolster its presence in the UPSC preparation segment.

Other Developments Of The Week

Ecommerce SaaS company Unicommerce plans to raise $2.3 Mn via a preferential placement of shares to its parent AceVector in its maiden fundraise after listing.
Gaming major Nazara has terminated its deal to pick up additional stake in real money gaming startup PokerBaazi post the ban on real money games. The company was slated to pick an additional 0.96% stake in PokerBaazi for INR 15.9 Cr.