From Infra.Market To ArisInfra — Indian Startups Raised $275 Mn This Week

From Infra.Market To ArisInfra — Indian Startups Raised $275 Mn This Week

SUMMARY

Between January 20 and 25, Indian startups cumulatively raised $275.2 Mn across 28 deals, down 10.7% from the $308.1 Mn across 24 deals last week

On the back of the Infra.Market's mega funding round, ecommerce emerged as the investor favourite sector this week

Indian Angel Network emerged as the most active investor this week, backing two seed stage healthtech startups SVASTEK and Prantae Solutions

The world’s third largest startup ecosystem was bustling with activity in the third week of January. While we saw major startup acquisitions that made entrepreneurs and their investors big bucks this week, the fresh capital infusion in the Indian startup ecosystem slumped on a week on week basis. Although, the number of startups that received investor interest this week went up from last week. 

Between January 20 and 25, Indian startups cumulatively raised $275.2 Mn across 28 deals. This marked a 10.7% decline from $308.1 Mn raised across 24 deals in the previous week. 

While the funding trends remained lukewarm this week, prominent developments including multiple new fund launches, updates on major new age tech stocks as well as a healthy increase in the number of mergers and acquisitions drove optimism across the ecosystem. 

Funding Galore: Indian Startup Funding Of The Week [ Jan 20 – Jan 25 ]

Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors
23 Jan 2025 Infra.Market Ecommerce B2B Ecommerce B2B $121 Mn Series F Tiger Global, Foundamental GmbH, Evolvence, Nikhil Kamath, Ashish Kacholia, Abhijit Pai, Sumeet Kanwar, Nuvama, Capri Global
22 Jan 2025 Namdev Finvest Fintech Lendingtech B2B-B2C $38 Mn Debt Developing World Markets, BlueOrchard, Mirova
23 Jan 2025 Arya.ag Agritech Market Linkage B2B $30 Mn Debt HSBC
23 Jan 2025 Ati Motors Deeptech Robotics B2B $20 Mn Series B Walden Catalyst Ventures, NGP Capital, True Ventures, Exfinity Venture Partners, Athera Venture Partners, Blume Ventures
23 Jan 2025 ArisInfra Ecommerce B2B Ecommerce B2B $9.3 Mn Vanaja Sundar Iyer, Mukul Mahavir Agrawal, Rishabh Bharatbhai Bagdia
22 Jan 2025 DeConstruct Ecommerce D2C B2C $7.5 Mn BOLD, V3 Ventures, DSG Consumer Partners, Kalaari Capital, BEENEXT
23 Jan 2025 VuNet Enterprisetech Horizontal SaaS B2B $6.9 Mn Series B Pravega Ventures, Mela Ventures, Athera Venture Partners, Dallas Venture Capital, TVS Capital Funds
24 Jan 2025 Medusa Alcoholic Beverage B2C $6.5 Mn Series A Amal N Parikh, Ashwin Kedia, Ramesh Damani, Crest Opportunities
21 Jan 2025 Snabbit Consumer Services Hyperlocal Services B2C $5.5 Mn Series A Elevation Capital, Nexus Venture Partners, Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, Niraj Singh
23 Jan 2025 Landeed Real Estate Tech Real Estate SaaS B2B $5 Mn 10x Founders Fund, Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, Aaron King
20 Jan 2025 KisanKonnect Agritech Market Linkage B2B-B2C $4.5 Mn Series A Mistry Ventures, Brand Capital, VC-Grid, Vishwang Desai, Shilpa Shetty
24 Jan 2025 CapGrid Enterprisetech Vertical SaaS B2B $3.3 Mn Series A Anicut Capital, Nexus Ventures, Axilor Ventures
20 Jan 2025 Burma Burma Consumer Services Hyperlocal Delivery B2C $3 Mn Negen Capital, NV Alpha Fund Management
24 Jan 2025 Pipeshift Enterprisetech Horizontal SaaS B2B $2.5 Mn Seed Y Combinator, SenseAI Ventures, Arka Venture Labs, Good News Ventures, Nivesha Ventures, Astir VC, GradCapital, MyAsiaVC, Kulveer Taggar, Umur Cubukcu, Krishna Mehra
22 Jan 2025 Zeelab Pharmacy Healthtech Online Pharmacy B2C $2.4 Mn OTP Ventures
20 Jan 2025 ProcureYard Ecommerce B2B Ecommerce B2B $1.7 Mn Seed Powerhouse Ventures, Java Capital, 2am VC, Abhishek Goyal, Rajesh Sawhney
20 Jan 2025 Catalyx Space Deeptech Spacetech B2B $1.7 Mn pre-Seed HF0 Residency, Founders, Inc.
21 Jan 2025 Workie Real Estate Tech Shared Spaces B2B $1.5 Mn Sunil Singhania family office, NAV Capital, Raman Roy, Dharmendra Jain, Gaurav Singhvi, Sunil Singhvi
22 Jan 2025 Cancrie Cleantech Waste Management B2B $1.2 Mn Seed Roots Ventures, Foundation Botnar, Sagana
22 Jan 2025 Raaz Healthtech Telemedicine B2C $1 Mn pre-Seed Fireside Venture, Campus Fund, Altaf Saiyed, Raymond Russell, Vaibhav Domkundwar, Shreyas Kumar, Bhargav Tarpara
21 Jan 2025 Chelvies Coffee Consumer Services Hyperlocal Delivery B2C $1 Mn Endurance Capital
20 Jan 2025 Prantae Solutions Healthtech Medtech B2B $580K Seed IAN Group, IAN Alpha Fund, Samir Kalia, Deepank Kumar, Nitin Zamre
22 Jan 2025 Exsure Healthtech Healthcare Services B2C $348K Seed Unicorn India Ventures
23 Jan 2025 Dream Aerospace Deeptech Spacetech B2B $348K pre-Seed Inflection Point Ventures
23 Jan 2025 SVASTEK Healthtech Medtech B2C $232K pre-Seed IAN Angel Fund
21 Jan 2025 JoySpoon Ecommerce D2C B2C $210K Seed Dishit Nathwani, Prateek Toshniwal, Abhinav Jain, Ankit Jain
22 Jan 2025 Spare8 Fintech Investment Tech B2C Param Agrawal, Rajiv Shastri
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

  • Not unlike the past two weeks, we saw another startup bag mega funds this week. IPO-bound Infra.Market raised $121 Mn in its Series F round. The round, which saw participation from the likes of Tiger Global, Nuvama and Abhijit Pai, saw the startup’s valuation jump 10% to $2.8 Bn. 
  • On the back of Infra.Market’s mega funding round, ecommerce emerged as the investor favourite sector this week. Five startups in the sector cumulatively raised $143 Mn across six deals. 
  • Ten startups at the seed stage raised $31.2 Mn in the past week. 
  • Indian Angel Network emerged as the most active investor this week, backing two seed stage healthtech startups SVASTEK and Prantae Solutions.

Mergers & Acquisitions This Week

  • Hindustan Unilever Ltd (HUL) will be acquiring 90.5% stake in D2C brand Minimalist for a cash consideration of $309 Mn by Q1 FY26. The founders, Mohit Kumar Yadav and Rahul Yadav, will continue to helm the startup for two years post the finalisation of the deal.
  • PE firm Everstone has entered into a deal to acquire a majority stake in SaaS startup Wingify for around $200 Mn. 
  • Agritech startup DeHaat bought farm advisory platform AgriCentral through an all-cash business transfer agreement to expand its suite of digital services for farmers. The startup didn’t disclose the details of the financial transaction.
  • Listed agritech company Hatsun Agro bought Milk Mantra for $26 Mn to expand its geographical footprint in Odisha and the eastern dairy market.
  • Edtech BrightChamps bought Mumbai-based K12 education platform Edjust in a cash and stock deal to enable geographical presence across 30 geographies.
  • BSE SME listed DroneAcharya has signed a term sheet for a “strategic company merger” with agri-drone company AITMC Ventures to bolster their presence in the Indian drone market but also firm up their play to take Indian drones global. The resultant entity is expected to get listed next year.
  • Ambulance startup RED.Health acquired a majority stake in healthcare training institute TACT Academy for Clinical Training for an undisclosed amount. 

Fund Launches This Week

  • Venture capital fund SamVed launched a $50 Mn fund this week to back early stage startups across sectors like AI, agritech, healthcare, fintech, e-commerce, upskilling and consumer services.
  • Gurugram-based Eximus Ventures launched its second fund with a target corpus of $30 Mn to back 25-30 entities across fintech, AI, software-as-a-service (SaaS), frontier tech and consumer tech. 
  • Kotal Alternate Asset Managers marked the first close of its life sciences fund at $29 Mn. The fund, which has a target corpus of $185 Mn, will back early to growth stage startups building solutions in the medical devices, digital health, consumer wellness, diagnostics and delivery space.
  • Bharat Value Fund announced the first close of its third investment fund at $144 Mn. The VC firm is targeting investments in mid-market, high-growth enterprises with revenues between INR 300 Cr and INR 1,000 Cr.
  • IIFL Fintech Fund marked the final close of its second fund at $23 Mn. It aims to invest in GenAI-focused fintech startups. 

Startup IPO Updates Of The Week

  • Sources told Inc42 that Capillary Technologies has restarted the preparations for its IPO and is likely to file the draft papers for a $200 Mn public offering by June this year. The IPO size would be almost double from the $114 Mn public offering it planned to raise when it filed its DRHP in 2021. 
  • Quick commerce major Zepto is likely to increase its IPO size to $800 Mn–$1 Bn, including secondaries.
  • Investment tech major Groww is likely to file its draft red herring prospectus (DRHP) by April-May for an initial public offering (IPO) worth over $1 Bn. The fintech unicorn is eyeing a public listing by the end of FY26. According to reports, it has picked bankers, including JPMorgan Chase & Co. and Kotak Mahindra Bank for its $750 Mn IPO that will value it at $7-$8 Bn. 

Other Developments Of The Week

  • Nazara Technologies’ board approved the proposal to raise INR 495 Cr from Axana Estates LLP through a preferential allotment of shares. The company’s extraordinary general meeting to approve the allotment is scheduled for February 13. 
  • Sources told Inc42 that cold-chain marketplace Celcius Logistics is in advanced discussions with investors to raise around $14.5 Mn in its Series B funding round from investors like agritech focus venture fund Omnivore
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