Indian Startup Funding — 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

Fintech SaaS unicorn Perfios acquired debt collection startup CreditNirvana to enhance its debt management capabilities.
DSP Group acquired fintech startup Volt Money to meet the rising demand of instant loans against mutual funds.
Groww plans to acquire wealthtech startup Fisdom as part of its plans to enter the wealth management space to expand its offerings.

Other Developments Of The Week

Bessemer Venture Partners closed its second India-focussed fund with a corpus of $350 Mn to support early-stage startups.
Ather Energy is said to be chasing a valuation of $1.6 Bn for its IPO, which is expected to be launched this month or in April.
Nazara Technologies-backed Rusk Media is eyeing raising around $8.5 Mn in its Series B funding round led by Woori Venture Partners.
VC firm Playbook Partners is planning to invest $20 Mn apiece in about 12-15 startups over the next couple of years.
After receiving its NBFC licence from RBI, fintech Vayana is planning to raise an additional $20 Mn funding to fuel its NBFC business
To foster the development of spacetech startups in Tamil Nadu, the state’s finance minister Thangam Thennarasu proposed the establishment of a spacetech fund with a corpus of INR 10 Cr.