From Zolve To Scimplify — Indian Startups Raised $429 Mn This Week

From Zolve To Scimplify — Indian Startups Raised $429 Mn This Week

SUMMARY

Between March 10 and March 15, Indian startups cumulatively raised $428.8 Mn across 4 deals, an 11% increase from the $385.5 Mn raised last week across 29 deals

On the back of Zolve's $251 Mn fundraise and InCred Finance's $30 Mn debt raise, fintech emerged as investors’ favourite sector this week

3one4Capital was the most active investor this week, backing Scimplify and Felicity Games

The funding momentum which the Indian startup ecosystem gained in the first week of March continued this week as well. On the back of a mega funding round raised by fintech startup Zolve, the cumulative startup funding between March 10 and March 14 raced to $428.8 Mn across 14 deals, the second-highest weekly funding in 2025. 

This marked an 11% increase from $385.5 Mn raised by 29 startups in the first week of March. 

Funding Galore: Indian Startup Funding Of The Week [ Mar 10- Mar 15 ]

Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor
11 Mar 2025 Zolve Fintech Banking B2C $251 Mn Series B Creaegis, HSBC, SBI, GMO, DG Daiwa Creaegis
13 Mar 2025 Purple Style Labs Ecommerce Roll Ups B2C $40 Mn Series E SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Minerva Ventures Fund, Bajaj Holdings, S Four Capital, Sopariwala Exports, Kemfin Family Office, Cordelia Family Trust, Weikfield Family Office, Salil Taneja Family Office, PKM Capital SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Minerva Ventures Fund, Bajaj Holdings
12 Mar 2025 Scimplify Enterprisetech Enterprise Services B2B $40 Mn Series B Accel, Bertelsmann Investments, UMI, Omnivore, 3one4 Capital Accel, Bertelsmann Investments
11 Mar 2025 Infinite Uptime Enterprisetech Horizontal SaaS B2B $35 Mn Series C Avataar Ventures, StepStone Group, LGVP, Tiger Global, GSR Ventures Avataar Ventures
13 Mar 2025 InCred Finance Fintech Lendingtech B2B-B2C $30 Mn Debt Neo Group, MAS Financial Services, CredAvenue Securities Neo Group
10 Mar 2025 GIVA Ecommerce D2C B2C $11.7 Mn Alteria Capital, Northern Arc
12 Mar 2025 AmpereHour Energy Cleantech B2B $5 Mn Series A Avaana Capital, UC Impower Avaana Capital
12 Mar 2025 Weskill Edtech Skill Development B2C $4.5 Mn pre-Seed
11 Mar 2025 goSTOPS Travel Tech Travel Planning & Activities B2C $4.2 Mn Series A Blume Ventures, 1Crowd, Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, Yuj Ventures Blume Ventures
11 Mar 2025 Felicity Games Media & Entertainment Gaming B2C $3 Mn Seed 3one4 Capital, T-Accelerate Capital, MIXI Global Investments, DeVC, Visceral Capital 3one4 Capital
11 Mar 2025 Ambitio Edtech Online Discovery B2C $2 Mn Seed BLinC Invest, Ritu Bapna BLinC Invest
12 Mar 2025 Allo Health Healthtech Telemedicine B2C $1.8 Mn pre-Series A Rainmatter Rainmatter
13 Mar 2025 Neural Defend Enterprisetech Horizontal SaaS B2B $600K pre-Seed Inflection Point Ventures, MIT SBXI, Techstars San Francisco, Soonicorn Ventures Inflection Point Ventures
11 Mar 2025 Dreamtime Learning Edtech K-12 B2C pre-Series A Nikhil Kamath, Abhijeet Pai Nikhil Kamath, Abhijeet Pai
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

  • On the back of Zolve’s $251 Mn fundraise and InCred Finance’s $30 Mn debt raise, fintech emerged as investors’ favourite sector this week. 
  • Enterprise tech saw the highest number of deals (3) materialise this week, with Scimplify, Infinite Uptime and Neural Defend cumulatively netting $75.6 Mn. 
  • Four startups at seed stage netted $10.1 Mn, down about 47% from $19.1 Mn raised by startups at this stage last week. 
  • 3one4Capital was the most active investor this week, backing Scimplify and Felicity games.

Mergers & Acquisitions This Week

Other Developments Of The Week