From DeHaat To Fabric IoT— Indian Startups Raised $100 Mn This Week

SUMMARY

Between April 21 and 26, Indian startups managed to raise $100.3 Mn across 18 deals, marking a 54% increase from the $65.3 Mn raised last week by 22 startups

Agritech emerged as the investor favourite sector this week with two startups raising $27.1 Mn

Nine startups at the seed stage raised $16.1 Mn this week, up 7X from the $2.3 Mn raised by five startups at this stage last week

Private investment activity across the world’s third largest startup ecosystem picked up this week after a brief lull. Between April 21 and 26, Indian startups bagged $100.3 Mn across 18 deals, marking a 54% increase from the $65.3 Mn raised by 22 startups in the preceding week.

The subpar funding secured by Indian startups come amid heated debates over alleged startup misgovernances as well as growing instances of layoffs. However, the week was rife with positive developments like fund launches as well as updates on new startup IPOs.

With that, here’s what happened on the funding front in the Indian startup ecosystem this week.

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Funding Galore: Indian Startup Funding Of The Week [ Apr 21 – Apr 26 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
25 Apr 2025	DeHaat	Agritech	Farm Inputs	B2B-B2C	$23.4 Mn	Debt	Trifecta Capital	Trifecta Capital
22 Apr 2025	Uniqus	Enterprise Tech	Enterprise Services	B2B	$20 Mn	Series C	Nexus Venture Partners, Sorin Investments	Nexus Venture Partners
24 Apr 2025	Fabric IoT	Deeptech	IoT & Hardware	B2B	$13.5 Mn	Series A	Nuveen	Nuveen
22 Apr 2025	Vayudh	Deeptech	Defencetech	B2B	$10 Mn	–	Dharana Capital, Deepinder Goyal, LetsVenture, Navam Capital	Dharana Capital
23 Apr 2025	BankBazaar	Fintech	Lendingtech	B2C	$6 Mn*	Series D2	Muthoot FinCorp	–
23 Apr 2025	Emversity	Edtech	Skill Development	B2C	$5 Mn	Pre-Series A	Z47, Lightspeed Venture Partners, Alteria Capital, InnoVen Capital	Z47, Lightspeed Venture Partners
23 Apr 2025	SaveIn	Healthtech	Healthcare Services	B2C	$4.3 Mn	–	10x Founders, Oliver Jung, Leblon Capital, Stem AI	10x Founders, Oliver Jung, Leblon Capital
24 Apr 2025	Bachatt	Fintech	Investment Tech	B2C	$4 Mn	Seed	Lightspeed, Info Edge Ventures, Abhiraj Bhal, Sunil Prabhune, Abhinav Sinha, Maninder Gulati	Lightspeed, Info Edge Ventures
24 Apr 2025	GreenGrahi	Agritech	Farm Inputs	B2B	$3.7 Mn	Seed	Avaana Capital, Huddle Ventures, Campus Fund, Blume Founders Fund, Nitin Sharma, Anchit Gupta	Avaana Capital
21 Apr 2025	Finodaya	Fintech	Lending Tech	B2B	$2.5 Mn	Seed	White Venture Capital, Gemba Capital	White Venture Capital
24 Apr 2025	Visa2Fly	Travel Tech	Travel Planning & Activities	B2C	$2 Mn	Seed	M Venture Partners, Flipkart Ventures, FinSight Ventures, Thinkuvate	M Venture Partners
25 Apr 2025	phab	Ecommerce	D2C	B2C	$2 Mn	Seed	OTP Ventures, Capri Global, Sim And San Law Firm	OTP Ventures
22 Apr 2025	MyDesignation	Ecommerce	D2C	B2C	$1.3 Mn	Seed	Multiply Ventures, Veltis Capital, Sattva Ventures, Dominor Investment Holdings, Green Trunk Ventures	Multiply Ventures
21 Apr 2025	Ivory	Healthtech	Healthcare Services	B2C	$1 Mn	–	IIM-A Ventures, Capital-A, 1Crowd, Stanford Angels, Sanjay Arora, Adarsh Narahari, Juhi Bhatnagar	IIM-A Ventures, Capital-A
17 Apr 2025	Uni Seoul**	Ecommerce	D2C	B2C	$585K	Seed	Sauce VC, Panthera Peak Ventures, Arun Venkatachalam, Sangeet Agrawal, Navin Parwal, Yogesh Kabra	Sauce VC
22 Apr 2025	KiranaPro	Consumer Services	Hyperlocal Delivery	B2C	–	–	Arjun Vaidya	Arjun Vaidya
22 Apr 2025	DevAssure	Enterprise Tech	Horizontal SaaS	B2B	–	Pre-Seed	Eximius Ventures	Eximius Ventures
22 Apr 2025	Catalogus	Enterprise Tech	Vertical SaaS	B2B	–	Seed	Zeropearl VC, Sangeet Agarwal, Navin Parval, Rohin Mittal	Zeropearl VC
	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

In a first this year, agritech emerged as the investor favourite sector this week, buoyed by the week’s largest fundraise of $23.4 Mn by DeHaat along with GreenGrahi’s $3.7 Mn seed round.
Last week’s most funded sector, deeptech, was pushed to the second spot this week. While EV fleet management solutions provider Fabric IoT raised $13.5 Mn, defencetech startup Vayudh raised $10 Mn in the week.
Nine startups at the seed stage raised $16.1 Mn this week, up 7X from the $2.3 Mn raised by five startups at this stage last week.

Startup IPO Developments This Week

Months after getting SEBI nod, Ather Energy filed its RHP this week with reductions in its IPO size. Set to launch next week, Ather’s public issue will be a fresh issue of up to INR 2,626 Cr and offer for sale (OFS) of up to 1.1 Cr shares.
Amid increasing speculations over its IPO, ecommerce major Flipkart confirmed its plans to reverse flip from Singapore to India.

M&As During The Week

Amid its product diversification spree, CARS24 announced the acquisition of automotive forum Team-BHP this week.
Hindustan Unilever announced the completion of the acquisition of a controlling stake in Minimalist. The FMCG major completed the acquisition via a combination of primary infusion and secondary sales in an all-cash deal totalling INR 2,706.44 Cr.
Eyewear brand ClearDekho has been acquired by the Jaipuria Group. While ClearDekho will continue to operate as an independent brand, the business will now be fully managed by Jaipuria Group.

Fund Updates Of The Week

Private equity firm Trident Growth Partners marked the first close of its maiden fund at over INR 1,000 Cr. It is eyeing to close the fund at INR 2,000 Cr by the end of the year.
Investment firm A91 Partners announced the final close of its third fund at $665 Mn. It will look to invest in small and growth-sized startups in sectors like consumer services, financial services, healthcare, among others.
Reports this week suggested that Peak XV is looking to raise its first fund since parting ways with Sequoia Capital. It is said to be eyeing the raise of $1.2 Bn to 1.4 Bn for the new investment vehicle to back early stage startups across India and Southeast Asia.
Investment bank IndigoEdge and Hitesh Ahuja launched a secondaries fund, PixelSky Capital, with a target corpus of INR 400 Cr. The fund will focus on late stage tech and consumer companies, which plan to go for an IPO in the next three to four years

Other Developments Of The Week

KFC-parent Devyani International will be picking up controlling stakes in cloud kitchen startup Biryani By Kilo.
EV startup Yulu is in discussions with a clutch of investors and institutions to raise $100 Mn in its Series C funding round.
Proptech HouseEazy is in advanced discussions to raise INR 100 Cr (about $11.7 Mn) from a large VC fund and existing investor Chiratae Ventures, sources told Inc42 this week.
BRND.ME (formerly Mensa Brands) will be raising $5.6 Mn in debt from existing investor Stride Ventures.