• Smallcase led the funding round by raising $50 million, followed by Lendingkart, which secured $29.45 million.
  • Jumbotail agreed to acquire Solv India, while Krafton acquired a 75% stake in Nautilus Mobile.

India’s startup ecosystem continued its funding momentum, securing over $204 million across 23 deals from March 24 to March 29, 2025.

The investments spanned multiple industries, including fintech, healthcare, mobility, AI, aerospace, retail, and more. The previous week saw startups raise $172 million, with Euler Motors leading at $60 million.

High-Value Deals: Wealthtech Leads the Charge

Wealthtech emerged as the dominant sector in this funding round, with Smallcase topping the list by raising $50 million. Lendingkart followed, securing $29.45 million.

Other significant deals included Apna Mart, M1xchange, and DCDC Kidney Care, which collectively raised $60.53 million.

Apna Mart, a franchise-driven quick commerce startup, received $25 million, M1xchange raised $18 million, and DCDC Kidney Care secured $17.53 million.

Emerging Startups and Growth Rounds

Several early-stage and growth-stage startups also attracted investments:

  • FMCG & Retail: Gramiyaa raised $840,000 in a pre-Series A round, while D2C tea brand VAHDAM India secured $3 million. Cosmetics brand Mila Beauté raised $2.16 million in a pre-Series A round, and beauty brand Antithesis received $580,000 in a pre-seed round.
  • Mobility & QSR: Taxi'na secured $170,000, and Pizza Wings raised $2.8 million.
  • Jewellery & Climate Tech: Firefly Diamonds raised $3 million in a seed round, and climate-focused NBFC ecofy raised $12.5 million.
  • AI & SaaS: Irame.ai secured $1 million, Expertia AI raised $2.33 million, and OneStack raised $2 million in a Series A round.
  • Healthcare & Fintech: Care.fi raised $870,000 in debt, Abound secured $14 million, and OSSO raised $250,000 in a pre-seed round.

Mergers & Acquisitions

The startup ecosystem also witnessed notable mergers and acquisitions. B2B marketplace Jumbotail agreed to acquire Solv India, Chargebee acquired AI-first customer tracking platform Trainn, and Krafton secured a 75% stake in gaming company Nautilus Mobile.

With funding activity remaining robust across sectors, the Indian startup ecosystem continues to thrive, attracting investor confidence and fostering innovation.

Edited by Annette George