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From Flipspaces To Indrajaal — Indian Startups Raised $48 Mn This Week

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[[{“value”:”From Flipspaces To Indrajaal — Indian Startups Raised $48 Mn This Week

After showing some signs of recovery in the first week of September, Indian startup funding took a major hit this week. Indian startups raised a mere $47.8 Mn across 18 funding deals between September 8-13. This marked a 74% drop from the $186.1 Mn raised by 20 startups in the first week of September.

Funding Galore: Indian Startup Funding Of The Week [Sep 8 – 13]

Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor
8 Sep 2025 Flipspaces Real Estate Tech Real Estate Services B2B $9 Mn* Series C CE-Invests, Panthera Growth Partners, SMBC Asia Rising Fund
8 Sep 2025 Indrajaal Advanced Hardware & Technology Defence Tech B2B $5.5 Mn Pre-Series A India Accelerator, Finvolve India Accelerator, Finvolve
10 Sep 2025 Presolv360 Enterprise Services B2B $4.7 Mn Series A Elevation Capital, MGA Ventures Elevation Capital, MGA Ventures
9 Sep 2025 Indigrid Technology Enterprise Services Manufacturing Solutions B2B $4 Mn Cactus Partners Cactus Partners
11 Sep 2025 Ember Ecommerce D2C B2C $3.2 Mn Seed Yoga Bar cofounder Suhasini Sampath (cofounder, Yoga Bar), Apurva Salarpuria (MD, Salarpuria Group)
10 Sep 2025 Asaya Ecommerce D2C B2C $3.2 Mn Pre-Series A RPSG Capital, OTP Ventures, Huddle Ventures, Suyash Saraf (cofounder, Dot & Key), Anisha Agarwal Saraf (cofounder, Dot & Key) RPSG Capital
11 Sep 2025 Inamo Enterprise Services B2B $3 Mn Seed Shastra VC, Antler India, Gemba Capital, Scope Promoters Shastra VC
11 Sep 2025 WeHouse Real Estate Tech Construction B2C $2.8 Mn Series A Anthill Ventures, Suresh Babu Daggubati (Telugu film producer), Gaurav Marya (founder, Franchise India Holdings), Mohnish Yerra (founder,Leaders For India)
10 Sep 2025 EndureAir Systems Advanced Hardware & Technology Aerial Vehicles B2B $2.8 Mn Indian Angel Network Indian Angel Network
11 Sep 2025 Snap-E-Cabs Travel Tech Booking Services B2C $2.5 Mn Inflection Point Ventures, Shish Kharesiya (founder, Beybee), Praveen Chand (director, The Empire Estates), Jaspreet Kaur (director, JIS Group) Inflection Point Ventures
9 Sep 2025 Aurva Enterprise Tech Horizontal SaaS B2B $2.2 Mn Seed Nexus Venture Partners, DeVC, Chris Bream (ex-director, Meta), Rahul Sood (CPO, Pindrop), Ankit Sobti (cofounder, Postman), Abhinav Asthana (cofounder, Postman) Nexus Venture Partners
11 Sep 2025 BacAlt Biosciences Health Tech Lifescience B2B $2 Mn Pre-Seed Avaana Capital, Lubrizol InnoVentures Avaana Capital
11 Sep 2025 PeakAmp Clean Tech Electric Vehicles B2B $1.4 Mn Seed Caret Capital, IIM Ahmedabad Ventures, Basant Sharma (senior consultant, TCS) Caret Capital
12 Sep 2025 FarmDidi Ecommerce D2C B2C $793K Seed Samved Ventures, LetsVenture, Indigram Labs, IIM Calcutta Innovation Park Samved Ventures
9 Sep 2025 Prowrrap Enterprise Services B2B $453K Pre-Series A Calance Software, Amit Govil (chairman, Calance Corporation) Calance Software, Amit Govil (chairman, Calance Corporation)
11 Sep 2025 Biokraft Foods Clean Tech Climate Tech (Biotechnology) B2C $227K Seed GVFL GVFL
8 Sep 2025 Misfits Ecommerce D2C B2C Seed Nu Ventures, Subba Rao Telidevara (angel investor), Bijoy Daga (MD, Turiya Advisory Services) Nu Ventures
9 Sep 2025 TraqCheck AI Application Layer B2B Alok Oberoi (chairman, Everstone Capital), Siddharth Mehta (founder, Bay Capital), Sivaramakrishnan S. Iyer (advisor, Bay Capital) Alok Oberoi (chairman, Everstone Capital), Siddharth Mehta (founder, Bay Capital)
Source: Inc42
*Part of a larger round
** Includes secondary transactions
Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

  • A majority of the funding deals this week were secured by early stage startups. While five startups at the Series A stage raised $16.7 Mn, eight startups at the seed stage raised $12.8 Mn.
  • The enterprise services sector dominated the funding trends this week, with four startups cumulatively raising $12.2 Mn.
  • Ecommerce was tied with enterprise services in terms of deal count, seeing capital infusion of $7.2 Mn this week across four deals. All of these deals were raised by D2C startups.
  • Interior design startup Flipspaces bagged the biggest cheque of $9 Mn this week to close its Series C round at $50 Mn. In the real estate tech segment, Inc42 reported this week that WeHouse raised $2.8 Mn in its Series A round. On the back of these, the real estate tech segment saw the second highest capital infusion this week.

Fund Updates Of The Week

  • VC firm A Junior VC (AJVC) announced the close of its debut AIF fund AJVC Trust at INR 200 Cr.
  • Venture Catalysts raised INR 150 Cr (about $18 Mn) in a mix of primary and secondary transactions to launch new funds, upgrade tech and expand geographically. Investors like Ashish Kacholia, Authum Investments, Bollywood actor Aishwarya Rai, Shahrukh Khan Family Office, among others, participated in the round. 

Startup IPO Updates This Week

  • Urban Company’s initial public offering closed with an oversubscription of a whopping 104X yesterday. The new-age tech company’s shares are expected to list on Wednesday (September 17).
  • Besides Urban Company, coworking space provider DevX’s IPO also saw healthy investor interest. The IPO closed with an oversubscription of 64X, with investors bidding for 84.1 Cr shares as against 1.32 Cr shares on offer. Its shares are also expected to start trading on the bourses on Wednesday.
  • Edtech major PhysicsWallah filed its updated DRHP with SEBI on September 6. Its proposed public offering will include a fresh issue of up to of INR 3,100 Cr and an offer for sale (OFS) of up to INR 720 Cr by cofounders and promoters Alakh Pandey and Prateek Boob.
  • Insurtech startup Turtlemint pre-filed its IPO papers with SEBI on September 6. The size of the IPO is said to be in a range of $200 Mn to $250 Mn.
  • House of brands startup Purple Style Labs’ board approved a proposal to undertake an IPO comprising a fresh issue of equity shares worth up to INR 750 Cr. 

Other Developments Of The Week

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