Indian Startup Funding — Startups Raised $347 Mn This Week

From MoEngage To Digantara — Indian Startups Raised $347 Mn This Week

SUMMARY

Homegrown new-age tech companies collectively raised $347.7 Mn between 15-19

Rainmatter, Fireside Ventures, Titan Capital and 360 One Asset remained the most active investors in the Indian startup ecosystem this week

Ecommerce topped the funding charts and raised $48.3 Mn this week, up 5X from $7.7 Mn raised in the previous week

After nearly six weeks of muted funding trends, the Indian startup ecosystem bounced back strongly this week. Homegrown new-age tech companies collectively raised $347.7 Mn between 15-19, highlighting growing investor interest.

On a week-on-week basis, funding numbers grew 173% from $127.2 Mn bagged in the previous week.

Meanwhile, in terms of deal count, 27 transactions materialised this week compared to 21 last week.

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Funding Galore : Indian Startup Funding Of The Week [Dec 15- Dec 19]

Date	Company	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
17 Dec 2025	MoEngage	Enterprise Tech	Horizontal SaaS	B2B	$180 Mn*	Series F	Chrys Capital, Dragon Funds and Schroders Capital, Goldman Sachs Alternatives and new investor A91 Partners	Chrys Capital, Dragon Funds and Schroders Capital
16 Dec 2025	Dignatara	Advanced Hardware and Technology	Spacetech	B2B, B2G	$50 Mn	Series B	SBI Investments Co Japan, 360 One Asset and entrepreneur Ronnie Screwvala, Peak XV Partners and Kalaari Capital	–
16 Dec 2025	Moxie Beauty	Ecommerce	D2C	B2C	$15 Mn	Series A	Navin Parwal, Sangeet Agarwal, Arjun Purkayastha, Fireside Ventures, Shantanu Deshpande, Suhasini Sampath, Rohit Kapoor, Bessemer Venture Partners	Bessemer Venture Partners
19 Dec 2025	StockGro	Fintech	Investment Tech	B2C	$13 Mn	Series B	BITKRAFT Ventures	BITKRAFT Ventures
18 Dec 2025	WorkIndia	Enterprise tech	HR Software	B2B	$10.8 Mn	Series B	BEENEXT Capital, Avishkaar Capital	Avishkaar Capital
17 Dec 2025	Tagbin	Enterprise Services	Consulting	B2B	$10 Mn	–	SageOne Flagship Growth OE Fund, Jyotivardhan Sonthalia, Sanjay Kaul, Ramesh Damani, Moheet Agarwal, Siddharth Iyer, Abhinandan Lodha, and the Kurl-on Group	–
18 Dec 2025	Oben Electric	Clean Tech	Electric Vehicles	B2B	$10 Mn	Pre-Series B	Raj K Soin, Musa Dakri, Ramesh Bhutada	–
19 Dec 2025	Virohan	Edtech	Digital Learning Platform	B2C	$7.5 Mn	Series B	Mynavi Corporation, Blume Ventures, Bharat Inclusive Technologies Seed Fund, Rebright Partners	Mynavi Corporation
17 Dec 2025	SuperYou	Ecommerce	D2C	B2C	$7 Mn	Series B	V3 Ventures, Rainmatter, Gruhas Collective Consumer Fund	V3 Ventures
15 Dec 2025	Sisir Radar	Advanced Hardware and Technology	Spacetech	B2B, B2G	$7 Mn	Series A	360 ONE Asset and Shastra VC	360 ONE Asset
16 Dec 2025	Underneat	Ecommerce	D2C	B2C	$6 Mn	Pre-Series A	Fireside Ventures	Fireside Ventures
19 Dec 2025	Alimento Agro Foods	Ecommerce	D2C	B2C	$5.8 Mn	Series A	IvyCap Ventures	IvyCap Ventures
15 Dec 2025	Atomberg	Ecommerce	D2C	B2C	$4.8 Mn	–	Forj Capital, White Whale Partners, Tanmay Bhatt	Forj Capital
15 Dec 2025	Rotoris	Ecommerce	D2C	B2C	$3 Mn	–	Nikhil Kamath, Venture Catalysts, 100Unicorns, Vivek Oberoi, Tanmay Bhatt, Varun Alagh, Gaurav Khatri, Nitin Jain, Vivesh Khurana	Nikhil Kamath, Venture Catalysts, 100Unicorns, Vivek Oberoi, Tanmay Bhatt
18 Dec 2025	Magma	Enterprise Services	Manufacturing services	B2B	$3 Mn	Series A	Rainmatter, Unicorn India Ventures, Maithan Alloys	Rainmatter
16 Dec 2025	Aurassure	Clean Tech	Climate Tech	B2B	$ 2.8 Mn	Pre-Series A	Rainmatter, Unicorn India Ventures, Maithan Alloys	Rainmatter, Unicorn India Ventures
19 Dec 2025	Milk Station	Ecommerce	D2C	B2C	$2.5 Mn	–	V-Dairy	V-Dairy
17 Dec 2025	WickedGud	Ecommerce	D2C	B2C	$2.2 Mn	–	Shilpa Shetty, Orios Venture Partners, Asiana Fund	–
15 Dec 2025	CuePilot AI	AI	Application Layer	B2B	$1.8 Mn	Pre-Seed	Eximius Ventures, Titan Capital, Unilazer Ventures	Unilazer Ventures
17 Dec 2025	Decode Age	Health Tech	Lifesciences	B2B	$1.7 Mn	Pre-Series A	Krishna Prasad Chigurupati	Krishna Prasad Chigurupati
16 Dec 2025	EDT	Ecommerce	D2C	B2C	$1.4 Mn	Pre-Seed	Sauce VC, Consumer Collective, Mithun Sacheti, Amit Khatr, Varun Khaitan	Sauce VC
16 Dec 2025	Quintrans	Advanced Hardware and Technology	Robotics	B2B	$750 K	Pre-Seed	Capital-A, Sumeet Kabra, SanchiConnect, AIC-Pinnacle, IIMA Ventures	Capital-A
17 Dec 2025	Cellarim Labs	Clean Tech	Climate Tech	B2B	$714K	Seed	3i Partners, Venture Catalysts, Momentum Capital, Jashan Bhumkar, Gayathri Kuppendra Reddy	3i Partners, Venture Catalysts
15 Dec 20205	IPF	Ecommerce	Vertical Marketplace	B2C	$385K	Seed	Titan Capital, Better Capital and Ranjit Pratap Singh, Aashish Jindal, Vivek Gulati, Abhishek Bhayana	Titan Capital
16 Dec 2025	Swizzle	Ecommerce	D2C	B2C	$238K	Seed	Sooraj Singh, Shaili Chopra	–
9 Dec 2025	ClayWorks**	Real Estate Tech	Property Listing & Discovery	B2B	–	–	NuVentures	NuVentures
17 Dec 20205	Novyte Materials	AI	Application Layer	B2B	–	Seed	Sandesh Paturi, Niharika Jain, Theia Ventures	Theia Ventures
	Source: Inc42 Mix of equity and debt *Included this week as it was skipped in the previous week Note: Only disclosed funding rounds have been included been included

Key Funding Highlights Of The Week

From MoEngage To Digantara — Indian Startups Raised $347 Mn This Week

Ecommerce topped the funding charts and raised $48.3 Mn this week, up 5X from $7.7 Mn raised in the previous week. The sector also clocked the highest number of deals at 11.
Oddly, investor favourite fintech managed to clinch just one deal worth $13 Mn this week. This was an aberration for the sector, which has consistently led in terms of funding and deal count since the past few weeks.
Rainmatter, Fireside Ventures, Titan Capital and 360 One Asset remained the most active investors in the Indian startup ecosystem this week.

Startup IPO Updates Of The Week

Travelstack Tech, the parent of travel-focussed SaaS platform and budget hotel chain FabHotels, filed its draft red herring prospectus (DRHP) with SEBI. The company’s IPO comprises a fresh issue of shares worth up to INR 250 Cr and an offer-for-sale (OFS) component of up to 2.69 Cr shares.
Ecommerce enablement giant Shiprocket also filed its updated DRHP with SEBI for INR 2,342.3 Cr IPO. Its public issue comprises a fresh issue of equity shares worth up to INR 1,100 Cr and an OFS of up to INR 1,242.3 Cr.
Insurtech soonicorn Turtlemint received SEBI approval to float its public issue. The company had confidentially filed its DRHP with the regulator in September for an IPO in the range $200 Mn to $250 Mn.

M&A Updates Of The Week

Nasdaq-listed SaaS major Freshworks signed an agreement to acquire FireHydrant, an AI-led incident management platform, for an undisclosed amount. Freshworks said the acquisition will enable its clients to reduce outages and improve service reliability.
IPO-bound ecommerce giant Flipkart will acquire a majority stake in startup Minivet AI to strengthen its GenAI capabilities. Founded in 2024, Minivet’s platform can transform static product images into engaging video content via GenAI.

Fund Updates Of The Week

VC firm Speciale Invest is planning to launch a growth-stage fund, with a target corpus of INR 1,400 Cr, to back deeptech startups. The fund will invest in 12-15 startups, with an average ticket size of $5 Mn to $8 Mn
Neon Fund announced the final close of its third fund at $25 Mn. The fund is focussed on backing AI-driven B2B SaaS startups
Edtech startup Imarticus Learning unveiled an INR 25 Cr venture fund, in collaboration with BLinC Invest, to support student entrepreneurs. The fund aims to provide early-stage capital, mentorship and a structured platform for learners to build startups alongside their studies.
BizDateUp announced an INR 50 Cr fund, focussed solely on supporting women-led startups across India. The fund will offer capital and mentorship to emerging new-age tech companies across sectors like healthcare, ecommerce and sustainability.

Other Developments

Fintech SaaS startup Zaggle raised about INR 15 Cr by issuing 10.58 Lakh warrants to Times Group parent BCCL and promoter group entity RAN Ventures.
Swiggy raised about INR 10,000 Cr via a qualified institutional placement (QIP) by issuing 26.7 Cr equity shares to the incoming investors. The company said that it allocated the new shares at INR 375 apiece, a discount of about 4% to the floor price of INR 390.5.
Trading platform Sahi is in talks to raise $30 Mn to $35 Mn in its Series B round at a valuation of over $200 Mn from existing backers Accel and Elevation Capital. The fresh capital will be utilised to strengthen its technology platform, scale market presence, and grow its team.