Funding
- Funding Tracker2 hours ago
Zetwerk IPO: Early investors set for up to 38X returns through OFS
Zetwerk’s upcoming IPO is expected to deliver multi-fold returns to several early investors, with Kae Capital and Kalysta Capital set to earn around 38X returns on their investments. The offer for sale (OFS) will see existing shareholders offload 14.45 crore shares worth approximately Rs 2,182 crore. According to Entrackr’s analysis, Lightspeed Venture Partners is the largest selling external shareholder in Zetwerk’s IPO, with a share sale worth Rs 426.9 crore. At the upper price band of Rs 151 per share, it is set to clock around 4.5X returns based on the average acquisition cost across its participating funds. Peak XV Partners will offload shares worth Rs 353.5 crore, translating into around 9.3X returns, while Accel is set to generate around 19.3X returns on its Rs 181.5 crore share sale. The average acquisition costs for Lightspeed and Peak XV have been calculated across their respective funds participating in the OFS. Kae Capital will sell shares worth Rs 189.8 crore through the OFS and is set to clock around 38.3X returns based on an average acquisition cost of Rs 3.94 per share. Kalysta Capital will offload shares worth Rs 63.3 crore, also generating around 38.3X returns at the upper price band. Among other shareholders, promoter group entity Creovate Innovation will offload shares worth Rs 346.9 crore. Its acquisition cost of Rs 178.58 per share is higher than the IPO’s upper price band, implying a return of around 0.85X on its investment. Zetwerk co-founders Amrit Acharya and Srinath Ramakkrushnan will each sell shares worth around Rs 214.9 crore. Other OFS participants include Saifuddin Fakhruddin Qureshi and Matthew Harris Arnold, who will sell shares worth Rs 43.1 crore and Rs 36.9 crore, respectively. Zetwerk’s IPO comprises a fresh issue of Rs 2,830 crore and an OFS of 14.45 crore shares. The company aims to raise around Rs 5,012 crore through the public issue, valuing it at around Rs 25,583 crore at the upper end of the p
- Funding Tracker2 hours ago
Hero Electronix's chip design firm Tessolve Semiconductor raises $75 million from Vector Line Capital
Tessolve Semiconductor, a Hero Electronix company, has secured a $75 million funding from US-based Vector Line Capital to support its expansion plans, including strategic acquisitions aimed at strengthening its semiconductor engineering capabilities and global operations. The company said it is in advanced discussions to complete multiple acquisitions over the next two quarters. The proposed deals are expected to complement its existing capabilities, broaden its services and expand its international presence. The investment marks Vector Line Capital's first investment in India. The firm, which focuses exclusively on semiconductors and the semiconductor supply chain, joins TPG and Singapore-based Novo Tellus as investors in Tessolve. The company has not disclosed its valuation following the investment or the size of the stake acquired by Vector Line Capital. What does Tessolve Semiconductor do? Founded in 2004, Tessolve provides semiconductor engineering services covering chip architecture, design, validation, testing and embedded systems. The company, led by co-founder and CEO Srini Chinamilli, develops chips used in AI, high-performance computing (HPC), automotive, data centres and industrial applications. Its capabilities include the design of complete semiconductor chips, including AI, HPC, and analog and mixed-signal chips. Tessolve said it works with leading hyperscalers, chip startups, system companies and 18 of the world's top 20 semiconductor companies. The company employs more than 3,500 engineers across 10 countries and operates nine laboratories globally. It also partners with semiconductor foundries, intellectual property (IP) providers, electronic design automation (EDA) companies and test equipment manufacturers. Tessolve said it uses in-house semiconductor platforms and design processes to shorten chip development cycles. What did the company and investors say? Tessolve co-founder and CEO Srini Chinamilli said the company had evolved from offeri
- Funding Tracker6 hours ago
Zetwerk sets IPO price band at Rs 143-151; eyes Rs 5,012 Cr from issue
Manufacturing platform Zetwerk has fixed the price band for its initial public offering (IPO) at Rs 143-151 per share. The Bengaluru-based company aims to raise around Rs 5,012 crore through the public issue, valuing it at around Rs 25,583 crore at the upper end of the price band. The IPO will open for subscription on October 15 and close on October 19. The company will open its anchor investor book on October 14, while its shares are expected to list on the stock exchanges on October 23. The IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares by promoters and existing investors, according to its red herring prospectus (RHP). Zetwerk has increased the fresh issue size from Rs 2,600 crore proposed in its updated draft red herring prospectus (UDRHP) filed in August. The OFS component has also increased by 49% from 9.68 crore shares proposed earlier. Promoters Amrit Pratik Acharya and Srinath Ramakkrushnan will each sell 1.42 crore shares, while promoter group entity Creovate Innovation will offload up to 2.30 crore shares. Among existing investors, Lightspeed Venture Partners will sell 2.51 crore shares, followed by Peak XV Partners with 2.34 crore shares. Accel India V will also sell up to 1.2 crore shares. Zetwerk plans to use Rs 1,300 crore from the fresh issue to repay or prepay borrowings at the company level. Another Rs 860 crore will go towards debt repayment at nine subsidiaries. The remaining proceeds will be used for acquisitions, strategic investments and general corporate purposes. Founded in 2017, Zetwerk operates a technology-led manufacturing platform that connects businesses with manufacturers and suppliers across sectors such as electronics, energy, aerospace, defence and industrial automation. On the financial front, Zetwerk’s revenue from continuing operations rose to Rs 15,913 crore in FY26 from Rs 11,332 crore in FY25. In Q1 FY27, revenue from operations grew 55% year-on-year to Rs 4,1
- Funding Tracker19 hours ago
Hero Electronix’s Tessolve Semiconductor raises $75 Mn led by Vector Line Capital
Tessolve Semiconductor, a Hero Electronix company, has raised $75 million in a funding round led by US based strategic investment firm Vector Line Capital. The proceeds will be used to support growth, including strategic acquisitions that complement its existing capabilities, expand its service offerings and strengthen its global presence, the company said in a press release. Founded by Srini Chinamilli, Tessolve is a semiconductor engineering company that offers turnkey solutions across chip architecture, design, validation, testing and embedded systems. The company employs over 3,500 engineers across 10 countries and operates nine laboratories globally. It also partners with leading foundries, intellectual property (IP) providers, electronic design automation (EDA) companies and test equipment manufacturers. Tessolve works with semiconductor companies, hyperscalers, chip startups and system companies across segments such as artificial intelligence (AI), high-performance computing (HPC), automotive, data centres and industrial applications. The company offers end-to-end semiconductor design capabilities, including AI, HPC and analog and mixed-signal chips. It said it works with leading hyperscalers and 18 of the world’s top 20 semiconductor companies. Tessolve is also in advanced discussions to close multiple acquisitions over the next couple of quarters, it added.
- Funding Tracker23 hours ago
Zetwerk raises fresh issue size to Rs 2,830 Cr, OFS component up 49% in RHP
Manufacturing platform Zetwerk has filed its Red Herring Prospectus (RHP) for its initial public offering (IPO), comprising a fresh issue of shares worth Rs 2,830 crore. According to its RHP, the Bengaluru-based company has increased its fresh issue size to Rs 2,830 crore from Rs 2,600 crore proposed in its updated draft red herring prospectus (UDRHP). The offer for sale (OFS) has also increased by 49% to 14.45 crore shares from 9.68 crore shares proposed in the UDRHP filed in August. The OFS will include shares from promoters Amrit Pratik Acharya and Srinath Ramakkrushnan, who will each sell 1.42 crore shares. Promoter group entity Creovate Innovation will offload up to 2.30 crore shares. Together, they will offer around 5.14 crore shares. Among the existing investors, Lightspeed Venture Partners will offload the most, at 2.51 crore shares, followed by Peak XV Partners, which will sell 2.34 crore shares. Kae Capital Fund and Kalysta Capital Fund will collectively sell up to 1.67 crore shares. Accel India V will also participate in the OFS, offloading up to 1.2 crore shares. The offer will be open for subscription on October 15, 2026 to October 19, 2026 while anchor bid will start on October 14. Zetwerk plans to use Rs 1,300 crore from the fresh issue to repay or prepay borrowings at the company level. Another Rs 860 crore will be used to repay debt at nine subsidiaries. The remaining proceeds will be allocated towards acquisitions, strategic investments and general corporate purposes. Founded in 2017 by Acharya and Ramakkrushnan, Zetwerk operates a technology-led manufacturing platform that connects businesses with manufacturers and suppliers across sectors such as energy, electronics, aerospace, defence and industrial automation. On the financial front, Zetwerk’s revenue from continuing operations rose to Rs 15,913 crore in FY26 from Rs 11,332 crore in FY25. In Q1 FY27, revenue from operations grew 55% year-on-year to Rs 4,118 crore, while losses from contin
- Funding Tracker1 day ago
Nat Habit raises Rs 142 Cr in Series C led by Trident Growth Partners
Ayurvedic personal care brand Nat Habit has raised Rs 142 crore in a Series C funding round led by Trident Growth Partners. Existing investors Bertelsmann India Investments, Mirabilis Investment Trust and Sharrp Ventures also participated, alongside new investors Physis Capital and Hero Family Office. The company will use the fresh capital to expand its product portfolio, strengthen its formulation and manufacturing capabilities, and scale distribution across quick commerce platforms and offline retail channels. Founded in 2019 by Swagatika Das and Gaurav Agarwal, Nat Habit said its annualised gross revenue has reached Rs 330 crore. “ We started Nat Habit with a simple belief: natural personal care should never require consumers to compromise on freshness or efficacy. That belief has shaped our journey, from developing our formulations in-house, to building a brand that brings the goodness of Ayurveda into everyday personal care routines,” said Swagatika Das, Co-founder, Nat Habit. According to Nat Habit, the brand has built a differentiated proposition by combining traditional Ayurvedic principles with modern science to develop fresh formulations produced through in-house R&D and manufacturing capabilities. Its portfolio ranges across hair care, skin care, body care and baby care. Nat Habit is now aiming to go beyond the metro markets and makes its presence in Tier II and beyond markets. "India’s personal care market is evolving, with consumers increasingly seeking all-natural products they can trust for the whole family. Nat Habit has built a compelling business around Fresh Ayurveda, bringing natural goodness to everyday personal care through advanced in-house R&D, formulation and manufacturing,” said Atul Gupta, Managing Partner, Trident Growth Partners. Trident Growth Partners is a growth-stage private equity firm headquartered in Bengaluru, backing category-leading, founder-led businesses across consumer, financial services, enterprise technology, manu
- Funding Tracker1 day ago
Cold-pressed oil brand Gramiyaa raises Rs 18.65 crore in Series A funding
Bengaluru-based cold-pressed oil brand Gramiyaa has raised Rs 18.65 crore in a Series A funding round led by new investor Optiscape Network Holdings, with participation from existing investors Homegrown Ventures, Campus Fund and others. The latest funding follows the startup's Rs 7.2 crore pre-Series A round in March 2025, which was led by Homegrown Ventures, with participation from Campus Fund and Mumbai Angels. According to regulatory filings , Gramiyaa's board allotted 32,968 Series A compulsorily convertible preference shares (CCPS) at Rs 5,657 each to raise the fresh capital. Optiscape Network Holdings invested Rs 9 crore, making it the largest contributor to the round. Homegrown Ventures invested Rs 4.5 crore, followed by Campus Fund with Rs 4 crore. Sarya Global Holdings contributed Rs 90 lakh, while Rasagna Pulapaka invested Rs 25 lakh. The startup plans to use the proceeds for growth capital and general corporate requirements. What does Gramiyaa do? Gramiyaa traces its origins to 2016, when founder Sibi Manivannan began developing a business around traditional oil-making methods. The brand produces cold-pressed cooking oils using traditional wood and stone mills alongside modern manufacturing processes. The products are manufactured at its own facilities or through trusted manufacturing partners. Its product range includes groundnut, coconut, sesame and mustard oils, as well as virgin coconut and olive oils. The D2C brand sells its products through its website and several e-commerce and quick-commerce platforms, including Amazon, Blinkit, Zepto, Instamart, BigBasket, DMart Ready and FirstClub. Co-founders Sibi Manivannan, Mohamed Yaseen and Naveenrajamaran RL hold stakes of 26.04%, 13.02% and 13.02%, respectively, the report said. The latest funding provides additional capital for the startup as it seeks to expand its operations.
- Funding Tracker1 day ago
EV charging and energy management startup Ionage raises $1.3 million in pre-Series A funding
Electric vehicle (EV) charging and energy management platform Ionage has raised $1.3 million in a pre-Series A funding round from strategic investors and a consortium of senior executives from global energy and infrastructure companies. The startup plans to use the fresh capital to expand its coverage to 100% of active EV charging networks in India, improve charger discoverability and payment services, and help small and medium-sized charge point operators (CPOs) establish and manage charging stations more efficiently. Ionage said it has onboarded more than 25,000 four-wheeler charging points and supports at least 63 fleets and 75 charging partners across the country. Its network spans 33 states and Union Territories, covering nearly 3,000 cities. The startup also claims its platform operates on more than 70% of India's charging hardware, connecting with major EV charger manufacturers at the point of installation. Addressing gaps in India's EV charging infrastructure The funding comes as India continues to expand its EV charging infrastructure, although concerns remain over the reliability of public chargers and the lack of integration between different charging networks. According to Ionage, nearly two in five public chargers in India are non-functional at any given time. It also cited a ratio of one charger for every 235 EVs in 2025. Ionage aims to address these challenges through a common software and interoperability platform that connects charging operators, original equipment manufacturers (OEMs), real estate owners and EV drivers. The platform is designed to allow drivers to discover, access and pay for charging services across different networks without relying on separate applications for each operator. “We’re building the layer that fixes that: the operating system every charger can run on, whoever owns it, so that discoverability and reliability stop being the exception and start being the default,” said Vimal Kumar V, co-fou
SponsoredDigihaatGet Connected: Twance Type C to USB Charging & Data Cable for Rs. 109!
- Funding Tracker2 days ago
Cardiac diagnostics startup Sunfox raises $7 million from stock market investor Ashish Kacholia, others
Dehradun-based medtech startup Sunfox Technologies, which develops portable cardiac diagnostic devices, has raised $7 million (approximately Rs 67 crore) in a Series A funding round led by investors Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital. The startup plans to use the fresh capital to expand across India, strengthen its international regulatory, distribution and commercial capabilities, scale up its team and increase investment in research and development (R&D). According to Sunfox, this is its largest funding round since it began as a research and development venture in Uttarakhand in 2016. How Sunfox Technologies started Sunfox Technologies was founded by Rajat Jain, Arpit Jain, Sabit Rawat, Nitin Chandola and Saurabh Badola after the loss of a college friend prompted them to explore ways to improve access to timely cardiac assessment and reduce delays in care following a heart attack. What began as a college-led initiative eventually developed into a medtech company focused on improving access to cardiac diagnostic technology, particularly in areas with limited healthcare infrastructure. The startup's flagship product, Spandan, is a portable electrocardiogram (ECG) platform designed for personal, clinical and institutional use, including homes, clinics, hospitals and public healthcare programmes. The platform allows users and frontline healthcare workers to record ECGs using portable devices and share the results with doctors remotely for interpretation. This can help identify cardiac patterns that may require urgent medical attention and support decisions on further assessment and treatment. In public healthcare settings, Spandan can operate through a hub-and-spoke model. Nurses and healthcare workers at primary and community health centres can record ECGs and send them to doctors or cardiologists at district-level hubs for review. The approach is intended to make specialist cardiac assessment more accessible to smaller healthcare
- Funding Tracker2 days ago
Consumer electronics brand Lumio raises $12 million in Series A funding led by Blume Ventures
Lumio, the Bengaluru-based consumer electronics brand operated by Circuit House Technologies, has raised $12 million (about Rs 115 crore) in a Series A funding round led by Blume Ventures, with participation from existing investors Stellaris Venture Partners and 3one4 Capital. Circuit House Technologies plans to use the fresh capital to strengthen its research and development (R&D) capabilities, expand Lumio's product portfolio, hire talent, build the brand and improve after-sales services across India. Founded by Raghu Reddy and Kailash Sankaranarayanan, Circuit House Technologies launched Lumio's first smart TVs in April 2025. The brand has since expanded its home entertainment portfolio to include Arc projectors and Aura speakers. The funding comes about 18 months after Lumio entered the Indian smart TV market, as the brand looks to expand its presence in the consumer electronics sector. Lumio crosses Rs 100 crore in GMV within 13 months According to the company , Lumio crossed Rs 100 crore in gross merchandise value (GMV) within 13 months of starting commercial sales. It also reported more than threefold year-on-year growth in GMV during the April-August 2026 period. The brand said its products have reached more than 35,000 households across over 5,000 pin codes in India, despite operating without its own retail stores or television advertising. In its investment commentary published on 7 October, Blume Ventures said Lumio generated approximately Rs 60 crore in net revenue during its first year of operations. The investor also said Lumio's average selling price stood at around Rs 32,500, approximately 1.6 times the category average. GMV refers to the total value of merchandise sold before deductions and is different from a company's recognised revenue. Funding to support R&D, new products and offline retail expansion A significant portion of the funding will be directed towards R&D as Lumio prepares to enter new home electronics categories while stre
- Funding Tracker2 days ago
Lab-grown diamond jewellery brand Zinara raises Rs 3.61 crore in pre-seed funding led by IPV
Delhi NCR-based lab-grown diamond jewellery startup Zinara has raised Rs 3.61 crore in a pre-seed funding round led by Inflection Point Ventures (IPV), with participation from Nine Jewellery, actor Nikita Dutta and other angel investors . The startup said it will use the fresh capital to expand its team, increase marketing activities and strengthen its supply-chain infrastructure as it seeks to grow its business across India. Founded by IIT Delhi alumni Harshit Abrol and Sumanyu Vyas, Zinara focuses on making diamond jewellery suitable for everyday wear rather than limiting it to weddings and special occasions. It offers contemporary jewellery designs made with lab-grown diamonds and 18K gold vermeil, which consists of gold plating over a sterling silver base. Zinara's business and growth Zinara operates through a digital-first business model, serving customers across India with jewellery designed for daily use. According to the startup, its portfolio has grown to more than 400 designs, and it has crossed Rs 1 crore in annual recurring revenue (ARR). Zinara's official website also advertises lifetime buyback and exchange options, along with lifetime free replating services for its jewellery. Lab-grown diamonds are produced in controlled environments using technological processes such as high-pressure, high-temperature (HPHT) and chemical vapour deposition (CVD). Zinara is seeking to capitalise on what its investors describe as growing consumer interest in contemporary jewellery designs, lab-grown diamonds and more accessible prices. What did the founders and investors say? Vinay Bansal, co-founder of Inflection Point Ventures, said the investment reflects changes in India's jewellery market, including greater acceptance of lab-grown diamonds and demand for accessible pricing. “Zinara is operating at the intersection of three shifts which is shaping the future of jewellery consumption in India: the rise of the design-conscious consumer, the growing acceptance o
- Funding Tracker2 days ago
Tamasha Studios’ Abhik Banerjee wins at Astana AI Film Festival
Filmmaker Abhik Banerjee’s AI film Sitara secured second place at the Astana AI Film Festival in Kazakhstan, winning a prize of $200,000. The film was created by Banerjee and his creative team in association with Rollsound Studios. The festival received 8,067 entries from 125 countries, with 25 films selected for the final competition, according to reports. Tamasha Studios is expanding its work in AI driven content across films, web series, micro dramas, television serials, animation and productions that combine AI with live action. The studio is exploring the use of AI across different content formats. Tamasha Studios founder Mithilesh Bhagat said the company views AI as a creative medium rather than just a production tool. The studio is exploring how the technology can support storytelling and visual production across formats. Banerjee said AI offers filmmakers new ways to create visual worlds that may be difficult or expensive to produce through traditional methods. He also emphasised the importance of storytelling, character development and emotional depth in filmmaking. Bhagat said the studio plans to combine Indian stories and cultural themes with AI, visual effects, animation and live action to develop content for global audiences.
- Funding Tracker2 days ago
'From a mother's journey to women's healthcare brand': B-Arm raises Rs 4.8 crore led by Zoho co-founder Kumar Vembu
B-Arm Medical Technologies, a Tamil Nadu-based healthcare startup, has raised Rs 4.8 crore in a pre-Series A funding round led by Mudhal Partners (Zoho family) , with participation from other high net worth individual investors. The round takes the startup’s total capital raised to approximately Rs 9 crore, through a combination of debt and equity. It did not disclose the valuation or the stake acquired. Notably, Mudhal Partners is led by Kumar Vembu, a co-founder of Zoho. B-Arm said the funds will support expansion, product innovation, brand growth, and wider reach across India, with the next phase focused mainly on strengthening its presence in women's healthcare. How the company started? B-Arm's focus on women's health comes out of its co-founder's own experience. SruthiSri, a biomedical engineer and a mother of three, went through pregnancy, childbirth, postpartum recovery and breastfeeding, and found that the difficulty was matched by how little any of it was openly discussed. Post-delivery soreness, breastfeeding problems, pregnancy & intimate-health concerns, she has said, were treated as things women were simply expected to manage as part of motherhood. Her husband, B-Arm founder Barathram, is also a biomedical engineer. Barathram said watching those experiences led him to approach the problem differently and to ask whether the couple's engineering background could be used to build practical, accessible products designed around what Indian women actually needed. That question became the basis of the startup. B-Arm said its aim is to understand problems women often endure quietly and provide solutions their products covering every stage of womanhood from puberty to menopause. Built from experience. Backed by engineering B-Arm's position is that many of these issues stay under-discussed or treated as taboo, with the result that women often do not know solutions exist for problems they have accepted as normal. The startup said it is trying to ch
- Funding Tracker2 days ago
Funding and acquisitions in Indian startups this week [Oct 5- Oct 10]
This week, 28 Indian startups raised $113.35 million across 3 growth-stage deals, 22 early-stage deals, and 3 undisclosed rounds. The week also saw 8 key appointments, 3 fund launches and 2 mergers & acquisitions. In contrast, 24 startups had collectively secured about $411.46 million in the previous week. [ Growth-stage deals ] Growth-stage startups raised $55.3 million across three deals this week, led by lifestyle-tech brand DailyObjects, which secured Rs 332 crore (nearly $35 million) in a Series C round led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital. Smart kitchen appliance startup Beyond Appliances raised Rs 110 crore ($11.4 million) in a Series B round led by Fireside Ventures, while MSME-focused digital lender NeoGrowth secured Rs 85 crore in equity and debt funding from FMO and LeapFrog Investments. [ Early-stage deals ] Early-stage startups raised $58.05 million across 22 deals this week, led by photonic quantum technology startup Quanfluence, which secured $10 million from Chiratae Ventures and Rainmatter, followed by edtech startup byteXL with $9 million from Elevar Equity. Medtech startup Sunfox Technologies raised $7 million in a Series A round co-led by Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital, while quantum computing startup QpiAI secured Rs 50 crore in debt funding from InnoVen Capital. Other funded startups included Omnichannel menswear brand Kisah, Wealth management startup Zomint, AI startup Desible.ai , healthtech SuperMush, Cold-pressed oil brand Gramiyaa, among others. Travel tech platform TravClan, financial information platform MoneyTruVa, and Biofortified staples brand Better Nutrition also raised funding this week but did not disclose the amounts. [ City and segment-wise deals ] Bengaluru again led the funding charts with 10 startup deals during the week, followed by Delhi-NCR and Mumbai with 6 deals and 3 deals respectively. Hyderabad, Dehradun, Chandigarh and oth
- Funding Tracker2 days ago
TechCrunch Disrupt 2026: Gamma’s Grant Lee, Engine’s Elia Wallen, and GV’s Crystal Huang on landing your first 1,000 customers
Leaders from Gamma, Engine, and Google Ventures join TechCrunch Disrupt 2026 to talk how to get your first customers. Register now to save up to $100. Grab a second pass at 50% off.
- Funding Tracker2 days ago
[Weekly funding roundup Oct 3-9] Steep decline in VC inflow
Venture capital funding into Indian startups recorded a sharp decline and this was largely due to the absence of large deals during this week. The total funding this week came in at $168 million across 28 deals. In comparison, the previous week saw a total amount raised at $418 million. Last week, there were two deals with value above $100 million but this week, the highest funded deal was of TVS Automotive Solutions at $44 million. This shows the uncertain nature of VC funding into the Indian startup ecosystem in the current environment as there are no definite trends that define the capital inflow. In addition, when investors are focused on the artificial intelligence segment, there is no credible story from India as yet. This also explains the lower funding volume into the ecosystem. Interestingly, this week there were a few deals which were focused on the consumer tech segment. These are ventures which have created distinct brands in a highly competitive market. Key transactions TVS Automobile Solutions owned myTVS raised Rs 425 crore ($44 million approx.) led by CE-Invests. Lifestyle brand DailyObjects raised Rs 332 crore ($34.3 million approx.) from Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital. Consumer tech brand Lumio raised $12 million from Blume Ventures, Stellaris Venture Partners and 3one4 Capital. Kitchen appliances brand Beyond Appliances raised Rs 110 crore ($11.3 million approx.) from Fireside Ventures, Dharana Capital and others. Deeptech startup Quanfluence raised $10 million from Chiratae Ventures, Pi Ventures and Rainmatter by Zerodha. Edtech company byteXL raised $9 million from Elevar Equity, Kalaari Capital, and The Michael & Susan Dell Foundation. MSME-focused digital lender NeoGrowth raised Rs 85 crore ($8.8 million approx.) from FMO and LeapFrog Investments. Medtech company Sunfox Technologies raised $7 million from Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital. Deeptech startup QpiAI r
SponsoredAjio GramDiscover Festive Fashion: Women's Ethnic Sets at Just Rs. 599!
- Funding Tracker2 days ago
Lifestyle-tech accessories brand DailyObjects raises Rs 332 crore at Rs 1,050 crore valuation
Gurugram-based lifestyle and tech-accessories brand DailyObjects has raised Rs 332 crore in a funding round led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital, valuing the startup at Rs 1,050 crore on a post-money basis. The round comprised a combination of primary funding and secondary share sales. Early investor Roots Ventures partially exited DailyObjects through the transaction, generating an 18-fold return on its investment , according to The Economic Times . The startup plans to use the investment to expand its offline retail network, strengthen research and development (R&D), develop new products and explore international markets. Founded in 2012 by Pankaj Garg and Saurav Adlakha, DailyObjects initially focused on mobile phone cases before expanding into tech-accessories, bags, charging solutions, workspace products and other lifestyle items. Expanding store presence DailyObjects plans to establish 150 standalone retail stores across India over the next five years as it strengthens its presence beyond online sales channels. Currently, The startup presence in close to 350 retail locations in over 85 cities, including airports and select Apple Premium Reseller outlets. Alongside its retail expansion, DailyObjects intends to invest in product design, materials, quality improvements and R&D facilities to expand its existing product portfolio. It is also assessing opportunities in overseas markets as part of its longer-term growth strategy. Co-founder CEO Pankaj Garg said the investment will support the startup's ambition to build a Rs 1,000 crore business and eventually establish a global consumer brand from India. Garg also emphasised the importance of maintaining capital efficiency and focusing on profitable growth as the startup expands its operations. It has also outlined plans to improve profitability as it expands its physical retail presence and product categories.
- Funding Tracker2 days ago
NABARD-backed NABVENTURES raises Rs 450 Cr for second fund
NABVENTURES, the venture capital arm of the National Bank for Agriculture and Rural Development (NABARD), has achieved the first close of its second fund, securing Rs 450 crore in initial commitments. The fund has a target corpus of Rs 1,500 crore, including a green-shoe option to accommodate additional investments. NABARD is the anchor investor in the fund, which will back early- to growth-stage technology startups focused on agriculture and rural development. Established on April 23, 2018, as a wholly owned subsidiary of NABARD, NABVENTURES manages investments through its flagship Fund I and the specialised AgriSURE fund. The firm has invested in 23 companies across India's agritech and rural startup ecosystem. Its portfolio includes supply chain platform Unnati, farm-to-consumer brand Eggoz, snacking company Beyond Snack, and rural fintech startup Jai Kisan. Earlier this year, aquaculture-focused agritech startup Aquapulse raised Rs 25 crore in an ongoing Series A round led by NABVENTURES and KisaanSay, with the investment made through the AgriSURE fund. NABVENTURES Fund II will provide growth capital to companies using technology to address structural challenges across the agricultural value chain. Its focus areas include agritech, climate-smart solutions, supply chain and logistics, rural fintech, food and agribusiness, and other businesses driving rural transformation. Announcing the First Close, Dr. Shaji Krishnan V, Chairman of NABARD stated, "The successful First Close of NABVENTURES Fund II at Rs 450 crore marks an important milestone in NABARD's continued commitment to fostering innovation across India's agriculture and rural economy. As the sector evolves, there is a growing need for scalable, technology-driven solutions that enhance productivity, strengthen value chains, improve farmers' incomes, and build resilient rural enterprises.” “Through Fund II, we aim to partner with visionary entrepreneurs developing innovative solutions to address critic
- Funding Tracker2 days ago
Exclusive: Nat Habit to kick off $15 Mn funding round led by Trident Growth Partners
Natural personal care D2C firm Nat Habit is raising Rs 142.6 crore ($15 million) in a fresh round led by Trident Growth Partners, with participation from Bertelsmann, Firstport, Linklight Ventures and others. The board at Nat Habit is issuing 22.5 lakh Series C preference shares at an issue price of Rs 633.5 each to raise Rs 142.6 crore, according to its regulatory filing accessed from the Registrar of Companies (RoC) . Trident Growth Partners will be leading the round with Rs 91 crore, while Bertelsmann and Linklight Ventures will invest Rs 37 crore and Rs 6.8 crore, respectively. Mirabilis, Firstport and Dharmayug Investments will contribute the remaining amount. According to the filings, the fresh proceeds will be used for general corporate purposes, expansion, brand building and other requirements. Notably, Rs 2.6 crore from the total proceeds will also be used for the reduction of the ESOP pool. As per Entrackr’s estimates, the post-money valuation of the firm stood at around Rs 800 crore. Moneycontrol reported on Nat Habit’s fresh funding in July. Following the fresh issue, Trident Growth Partners will hold an 11.44% stake in the company, while existing investor Bertelsmann will hold 17.54% of the cap table. As per the filing, before the fresh issue, Swagatika Das and Gaurav Agarwal held 16% each in the firm. Nat Habit has rebranded itself as Breathe Life, marking a shift in its positioning from an Ayurvedic brand to a broader lifestyle proposition. The company sells Ayurvedic personal care products, including shampoos, face washes, and moisturisers. The company is yet to file its annual statements for FY26. During FY25, its revenue from operations grew 47.2% year-on-year to Rs 106 crore , while its losses increased to Rs 29 crore in the same period.
![Funding and acquisitions in Indian startups this week [Oct 5- Oct 10]](https://images.themorningpulse.fyi/uploads/2026/10/rss-mv1wbbak-t0vz67-media.png)
![[Weekly funding roundup Oct 3-9] Steep decline in VC inflow](https://images.themorningpulse.fyi/uploads/2026/10/rss-mv12bbsa-ixgmon-meta.jpg)
