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Indian startups raised over $209 million from May 19 to May 24, 2025; Euler Motors tops the list

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Between May 19 and May 24, 2025, as many as 20 Indian startups from diverse sectors raised over $209 million in funding from investors. These sectors include Electric mobility, D2C, AI, Entertainment, Fashion, Finance, Healthcare, Cybersecurity, Fintech, Spacetech, Deeptech, and EV.

Last week, Indian startups raised over $240 million, with Healthy snacking brand Farmley raising $42 million alone.

Funding Fusion 19 - 24 may - web

High-value deals

A diverse range of sectors attracted investments during the week, with EV sector leading the pack. Leading this sector was Euler Motors, which raised about $75 million. FX infrastructure company OpenFX raised $23 million in funding. 

The list was followed by Hybrid healthcare platform CureBay, Cybersecurity firm CloudSEK, and Jason Kothari’s Mythik, which collectively raised $55 million. 

CureBay raised $21 million, CloudSEK raised $19 million, and Mythik raised $15 million.

Emerging startups

Electric mobility startup Fyn Mobility raised $2.5 million, Fashion startup Miraggio raised $6.5 million in a Series A round, Hobby-based offline community platform Misfits raised $580,000 in a Seed round, Deeptech startup Biostate AI raised $12 million in a Series A round, Deeptech startup Tan90 Thermal Solutions raised $2.34 million in a Series A round, AI startup Zoca raised $6 million, Deeptech science & data startup Alt Carbon raised $12 million in a Seed round, Regulatory-technology startup Data Sutram raised $9 million, Agri commerce startup Kisaan Se Kitchen Tak raised $1.3 million, Fintech startup Borderless (Stockal) raised $2.34 million in a bridge round, Deeptech startup Promethean Energy raised $2 million in a pre-Series A round.

Meanwhile, Neha Dhupia-backed D2C dinnerware brand BlackCarrot, Indore-based hyperlocal community app Shuru, Spacetech startup PierSight, and D2C lifestyle brand The Sock Street kept the funding figures under wraps.

Mergers & Acquisitions

The period also witnessed strategic mergers and acquisitions. Nazara Technologies acquired UK-based Curve Games for Rs 247 crore and Zendesk acquired Local Measure, a leading CCaaS (Contact Center as a Service).

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