Indian Startup Funding — Startups Raised $144 Mn This Week

SUMMARY

Between March 31 and April 5, Indian startups cumulatively raised $144.4 Mn across 22 deals, a meager 0.5% increase from the $143.7 Mn raised by 16 startups in the previous week

Investors Peak XV Partners, Y Combinator and Antler were the most active investors this week, backing two startups each

Seven startups at the seed stage raised about $11 Mn this week, down about 41% from the $18.6 Mn raised by four startups last week

Funding momentum seems to have stabilised at the onset of the fiscal year FY26 sans large ticket-sized transactions. Although small deals pulled up around 32% of the investment activity in the final week of March, overall funding across the Indian startup ecosystem still hovered around the $144 Mn mark in the beginning of April.

Between March 31 and April 5, startups cumulatively raised $144.4 Mn across 22 deals, a meager 0.5% increase from the $143.7 Mn raised by 16 startups in the preceding week.

Funding Galore: Indian Startup Funding Of The Week [ Mar 31 – Apr 5 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
3 Apr 2025	Scapia	Fintech	Lendingtech	B2C	$40 Mn	Series B	Peak XV Partners, Elevation Capital, Z47, 3STATE Capital	Peak XV Partners
3 Apr 2025	Tonbo Imaging	Deeptech	Defense Tech	B2B	$20.4 Mn	Series D	Florintee Advisors, EXIM Bank	–
3 Apr 2025	Pratilipi	Media & Entertainment	Digital Media	B2C	$20 Mn	Series E	Jungle Ventures, Ravish Naresh, Arnav Kumar	Jungle Ventures
4 Apr 2025	Aerem	Fintech	Solar Tech	B2B-B2C	$12 Mn	Series A	Tokyo Edge Capital Partners, British International Investment, SE Ventures, Riverwalk Holdings, along with existing investors Blume Ventures, Avaana Capital, IDFC, AU Small Finance, Axis Bank, Northern Arc, MAS Financials, Vivriti Capital	Tokyo Edge Capital Partners
3 Apr 2025	Sweet Karam Coffee	Ecommerce	D2C	B2C	$8 Mn	Series A	Peak XV Partners, Fireside Ventures	Peak XV Partners
3 Apr 2025	RapidClaims	Enterprise Tech	Horizontal SaaS	B2B	$8 Mn	Series A	Accel, Together Fund	Accel
1 Apr 2025	The Bear House	Ecommerce	D2C	B2C	$5.8 Mn	Series A	JM Financial Private Equity	JM Financial Private Equity
3 Apr 2025	FurtherAI	Fintech	Fintech SaaS	B2B	$5 Mn	Seed	Nexus Venture Partner, Pioneer AI Fund, South Park Commons, Y Combinator, Converge VC, Xceedance	Nexus Venture Partner
2 Apr 2025	Infinity Fincorp	Fintech	Lendingtech	B2B	$5 Mn*	Series A	Beams Fintech Fund	–
1 Apr 2025	Evenflow	Ecommerce	Roll Ups	B2C	$5 Mn	Series A	Venture Catalysts, Sunder Ramachandran	Venture Catalysts
4 Apr 2025	Jai Kisan	Fintech	Lendingtech	B2B	$3 Mn	–	Mirae Asset, Unitary Fund, Blume Ventures	–
1 Apr 2025	DeCharge	Cleantech	Electric Vehicle	B2B-B2C	$2.5 Mn	Seed	Lemniscap, Colosseum, Daedalus Angels, EV3 Labs, Chainyoda Jedis, Levitate Labs, Nom, Arnold Lee	Lemniscap
1 Apr 2025	Wendor	Retail Tech	–	B2B	$2.5 Mn	–	Elanpro	Elanpro
1 Apr 2025	LehLah	Ecommerce	Social Commerce	B2C	$1.5 Mn	Seed	Gruhas	Gruhas
1 Apr 2025	Tvaster Genkalp	Healthtech	Healthcare Services	B2C	$1.3 Mn	Pre-Series A	Ideaspring Capital, Invigo Softwares, Mohamed Rela	Ideaspring Capital
4 Apr 2025	Alienkind	Consumer Services	Foodtech	B2C	$1.2 Mn	Seed	Prakash Sikaria, Ravi Iyer, Arpan Sheth	Prakash Sikaria, Ravi Iyer, Arpan Sheth
2 Apr 2025	Stance Health	Healthtech	Fitness & Wellness	B2C	$1 Mn	Pre-Seed	General Catalyst, Antler, DEVC, EX Capital, Sriharsha Majety, Nandan Reddy, Kulin Shah	General Catalyst
3 Apr 2025	Perkant Tech	Healthtech	MedTech	B2B	$772K	Seed	YourNest Venture Capital, Atal New India Challenge, Villgro Foundation, Sanchi Connect	YourNest Venture Capital
2 Apr 2025	Entvin AI	Healthtech	Healthcare SaaS	B2B	$585K	–	Y Combinator	Y Combinator
2 Apr 2025	InnerGize	Healthtech	MedTech	B2C	$525K	Pre-Seed	Antler, Arjun Vaidya, Sharan Hegde, Ritesh Agarwal, Aman Gupta, Azhar Iqubal	Antler
3 Apr 2025	DriverShaab	Consumer Services	Hyperlocal Services	B2B	$330K	Pre-Series A	Firstport Capital, Inflection Point Ventures	Firstport Capital, 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

As has been the story for the past few weeks, fintech continued to be the ‘flavour of the season’ for investors. At least five fintech startups raised $65 Mn during the week, about two-third of the $98.1 Mn raised across five deals last week.
While healthtech saw a similar number of deals materialise this week as fintech, the sector saw a capital infusion of a mere $4.2 Mn. This comes on the back of Indian Angel Network cofounder Padmaja Ruparel saying that the Indian healthtech sector is witnessing an overall slowdown sans funding and consolidations. He was addressing a session at the Startup Mahakumbh.
Investors Peak XV Partners, Y Combinator and Antler were the most active investors this week, backing two startups each.
Seven startups at the seed stage raised about $11 Mn this week, down about 41% from the $18.6 Mn raised by four startups last week.

IPO-Related Developments This Week

Lendingtech startup Kissht is said to be looking to file for a $225 Mn IPO. According to reports, the startup has ICICI Securities, UBS Securities, and Motilal Oswal as the investment bankers for the proposed public issue.
During the Startup Mahakumbh, Navi Fintech’s founder Sachin Bansal announced that the startup would look to go for an IPO within the ongoing fiscal year.
Coworking space provider DevX refiled its IPO papers this week, raising the fresh issue size to 2.75 Cr equity shares from 2.47 Cr shares earlier. Meanwhile, its competitor, IndiQube received SEBI’s approval for its $100 Mn (INR 850 Cr) IPO this week.
Logistics tech Shadowfax has taken its first step towards public listing, omitting the ‘private’ from its erstwhile name ‘ShadowFax Private Technologies Limited’.

Other Developments Of The Week

Sustainability-focussed VC firm ZeCa Capital received approval from the markets regulator SEBI to launch its maiden fund with a corpus of INR 150 Cr this week.
Walmart-owned Flipkart infused $379 Mn in its marketplace arm Flipkart Internet through its Singapore-based holding company.
Recently launched talent mobility startup BorderPlus acquired German healthcare recruitment firm Onea Care to expand its operations in Germany.
Car marketplace unicorn Spinny reportedly raised $131 Mn in a round led by US-based Accel Leaders Fund at a flat valuation. However, the startup didn’t announce the funding round this week.
SpaceBasic, a B2B SaaS company that automates student housing and cafeteria operations, acquired attendance automating platform CAMPUS during the week to expand its university automation operations.