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After showing signs of recovery in the final week of August, Indian startup funding surged further in the first week of September. Twenty startups cumulatively raised $186.1 Mn in the first six days of September, a 90% jump from $98.2 Mn secured across 18 deals last week.
Funding Galore: Indian Startup Funding Of The Week [ Sep 1-6 ]
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 2 Sep 2025 | CityMall | Ecommerce | Marketplace | B2B-B2C | $47 Mn | Series D | Accel, Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, Jungle Ventures | Accel |
| 3 Sep 2025 | Seekho | Media & Entertainment | OTT | B2C | $28 Mn | Series B | Bessemer Venture Partners, Goodwater Capital, Lightspeed Venture Partners, Elevation Capital | Bessemer Venture Partners |
| 1 Sep 2025 | Blue Tokai Coffee Roasters | Ecommerce | D2C | B2C | $25 Mn | – | A91 Partners, Anicut, Verlinvest, 12 Flags | – |
| 4 Sep 2025 | FirstClub | Consumer Services | Quick Commerce | B2C | $23 Mn | Series A | Accel, RTP Global, Blume, 2am VC, Paramark Ventures, Aditya Birla Ventures | Accel, RTP Global |
| 4 Sep 2025 | Colive | Real Estate Tech | Property Listing & Discovery | B2C | $20 Mn | Series B | Bain Capital, Sattva Group | Bain Capital |
| 2 Sep 2025 | Offgrid Energy | Clean Tech | Climate Tech | B2B | $15 Mn | Series A | Archean Chemicals Industries, Ankur Capital | Archean Chemicals Industries |
| 4 Sep 2025 | Reveal Healthtech | AI | Application Layer (Health Tech) |
B2B | $7.2 Mn | Series A | Leo Capital, Sanos Capital | Leo Capital |
| 3 Sep 2025 | PlatinumRx | Health Tech | Online Pharmacy | B2C | $6 Mn | Series A | Stellaris Venture Partners, India Quotient | Stellaris Venture Partners |
| 2 Sep 2025 | LeafyBus | Travel Tech | Transport Tech | B2C | $4.1 Mn | Pre-Series A | Enetra India, Impact Capital Asia Management | Enetra India |
| 2 Sep 2025 | Tuco Kids | Ecommerce | D2C | B2C | $4 Mn | Series A | RTP Global, MG Investments, Whiteboard Capital, Fireside Ventures | RTP Global |
| 4 Sep 2025 | FlexifyMe | Health Tech | Telemedicine | B2C | $2.3 Mn | Pre-Series A | IvyCap Ventures, Signal Ventures | IvyCap Ventures |
| 4 Sep 2025 | AutoDukan | Ecommerce | Vertical Marketplace | B2C | $1 Mn | Pre-Series A | Rohit Goyal (managing partner, Windrose Capital), Raghu Venkatraman (Angel Investor) | – |
| 4 Sep 2025 | House of Zelena | Ecommerce | D2C | B2C | $793K | Seed | Sprout Venture Partners, M Venture Partners, GSF | Sprout Venture Partners, M Venture Partners |
| 1 Sep 2025 | Cuzor | Ecommerce | D2C | B2C | $566K | Seed | Ramesh Kannan (MD, Kaynes Technology) | Ramesh Kannan (MD, Kaynes Technology) |
| 4 Sep 2025 | RxMen | Health Tech | Telemedicine | B2C | $566K | Seed | Inflection Point Ventures, Family Ventures, Ankit Goel (More Retail), Seven Square Ventures, Prosus (Grant) | Inflection Point Ventures |
| 4 Sep 2025 | QuantE Energy | Clean Tech | Climate Tech | B2B | $500K | Seed | Trillion Dollar Venture Partners, Raghunandan G (founder, Zolve), Amit Lakhotia (founder, Park+) Ankit Gupta (ex-CEO, OYO), Hari Krishnan Nair (cofounder, Great Learning) | Trillion Dollar Venture Partners |
| 5 Sep 2025 | Dectrocel | Health Tech | Diagnostics | B2B | $453K | – | BioAngels (IAN Group), PadUp Ventures, Vinners | BioAngels (IAN Group) |
| 2 Sep 2025 | Zanskar | Ecommerce | D2C | B2C | $317K | Seed | Zeropearl VC, Pawan Gupta (founder, Fashinza), Amit Baid (managing partner, 10X Growth Ventures), Nidhish Mundra (SVP, Oaktree Capital) | Zeropearl VC |
| 3 Sep 2025 | Waterscience | Ecommerce | D2C | B2C | $159K | – | Valar Ventures | Valar Ventures |
| 3 Sep 2025 | Edgehax | Advanced Hardware & Technology | Internet Of Things (IoT) & Hardware | B2B-B2C | $158K | Seed | Inflection Point Ventures | Inflection Point Ventures |
| Source: Inc42 *Part of a larger round ** Includes secondary transactions Note: Only disclosed funding rounds have been included |
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Key Startup Funding Highlights Of The Week
- Ecommerce startups dominated the funding trend this week, with eight startups securing $78.8 Mn. In this, Meesho competitor CityMall bagged the biggest cheque of $47 Mn.
- Short video platform Seekho’s $28 Mn funding, quick commerce startup FirstClub’s $23 Mn Series A round, and Colive’s $20 Mn fundraise were the other big ticket deals that materialised this week.
- Accel, RTP, Elevation Capital and Inflection Point Ventures were the most active investors this week, backing two startups each.
- Six startups at the seed stage raised $2.9 Mn, a decline of 64% from $8.1 Mn raised by such startups in the previous week.
Fund Updates Of The Week
- Elev8 Venture Partners marked the final close of its debut fund at $160 Mn. The VC firm intends to invest $10 Mn to $15 Mn in 12-14 growth stage startups operating across sectors like enterprise tech, fintech and healthtech.
- Venturi Partners marked the first close of its $225 Mn fund at $150 Mn. The fund will back 10 startups operating in the retail, education, healthcare and FMCG space with an average ticket size of $15 Mn to $40 Mn.
- L Catterton’s India-focussed consumer fund marked its first close at $200 Mn. It is expected to invest in 7-9 companies, with average ticket size in the range of $25 Mn to 150 Mn.
Startup IPO Updates This Week
- After getting SEBI’s nod for its IPO, Urban Company filed its RHP for INR 1,900 Cr public issue. The IPO, which will open on September 10, will value the company at $1.6 Bn at the upper end of its price band of INR 98 to INR 103.
- Besides Urban Company, boAt also received the market regulator’s approval for its IPO this week. The company had pre-filed its DRHP via the confidential route four months ago.
- Coworking space provider DevX also filed RHP this week for its IPO that will solely consist of a fresh issue of up to 2.35 Cr shares. The public offering would open on September 10.
- Supply chain solutions provider LEAP India filed its DRHP with the SEBI to raise up to INR 2,400 Cr via its IPO. Its public issue will consist of a fresh issue of up to INR 400 Cr and an offer for sale of up to INR 2,000 Cr.
- Fintech major PhonePe is set to pre-file its IPO papers via the confidential route by the end of September 2025. It is aiming to raise between $1.2 Bn and $1.5 Bn, and expects to get listed by early 2026.
M&A Activities This Week
- Ecommerce giant Amazon completed the acquisition of digital lending startup axio (formerly Capital Float) in a deal that was reportedly valued at around $200 Mn.
- Listed B2B travel tech company TBO Tek announced plans to buy US-based Classic Vacations for $125 Mn to foster its US expansion.
- Ecommerce major Flipkart bought a majority stake in Pinkvilla India to strengthen its appeal to younger audiences, especially Gen Z and millennials.
- IPO-bound PhysicsWallah (PW) picked up a 40% stake in UPSC coaching institute Sarrthi IAS at a valuation of around INR 250 Cr to bolster its presence in the UPSC preparation segment.
Other Developments Of The Week
- Ecommerce SaaS company Unicommerce plans to raise $2.3 Mn via a preferential placement of shares to its parent AceVector in its maiden fundraise after listing.
- Gaming major Nazara has terminated its deal to pick up additional stake in real money gaming startup PokerBaazi post the ban on real money games. The company was slated to pick an additional 0.96% stake in PokerBaazi for INR 15.9 Cr.
The post From CityMall To FirstClub — Indian Startups Raised $186 Mn This Week appeared first on Inc42 Media.
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