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Latest Startup Funding, Venture Capital, and Mergers & Acquisitions in India (May 2025)

By Ping.ai News TeamUpdated 15 May 2025

💰 Stay updated with the latest startup funding rounds, venture capital investments, and M&A activity in India. This page is your go-to resource for Indian startup news, deal flow, and investor insights, curated by Ping.ai.

Week of May 23, 2025

  • Farmley raised $40 million in a Series C round. The company, based in Noida, operates in the snacking sector and the round was led by L Catterton.
  • Avammune Therapeutics raised $12 million in a Series A round. The company, based in Bengaluru, operates in the healthtech sector and the round was led by Capital 2B.
  • Celebal Tech raised $15 million in a Series B round. The company, based in Jaipur, operates in the IT services sector and the round was led by InCred Growth Partners Fund-I and Norwest Capital, LLC.
  • Citrus Freight raised ₹2.5 crore in a Bridge Round. The company, based in Bengaluru, operates in the shipping sector and the round was led by Caret Capital and Indigram Labs Foundation.
  • M1xchange raised $10 million via a secondary deal. The company, based in Gurugram, operates in the supply chain financing sector and the deal was led by Filter Capital.
  • Hyperbots raised $6.5 million in a Seed Funding round. The company, based in Mumbai, operates in the AI sector and the round was led by Arkam Ventures and Athera Venture Partners.
  • Biryani Blues raised $5 million in a Pre-Series C round. The company, based in Gurugram, operates in the QSR sector and the round was led by Yugadi Capital.
  • Be Clinical raised ₹2 crore in a Seed Round. The company, based in Mumbai, operates in the skincare sector and the round was led by Titan Capital.
  • JSW One raised ₹340 crore in a funding round. The company, based in Mumbai, operates in the B2B e-commerce sector and the round was led by Principal Asset Management, OneUp, and JSW Steel.
  • TIEA Connectors raised ₹22 crore in a funding round. The company, based in Bengaluru, operates in the B2B ESDM sector and the round was led by Jamwant Ventures and Valour Capital.
  • Flam raised $14 million in a Series A round. The company, based in Bengaluru, operates in the mixed reality content space and the round was led by RTP Global.
  • Adopt AI raised $6 million in a Seed Round. The company, based in Bengaluru, operates in the agentic AI sector and the round was led by Elevation Capital.
  • ReelSaga raised $2.1 million in a funding round. The company, based in Mumbai, operates in the mobile-first entertainment sector and the round was led by Picus Capital.
  • BlueStone raised ₹40 crore in debt funding. The company, based in Bengaluru, operates in the omnichannel jewellery sector and the round was led by BlackSoil and Caspian Impact Investments.
  • VFlowTech raised $20.5 million in a funding round. The company, based in Kolkata, operates in the vanadium redox flow battery sector and the round was led by Granite Asia.
  • ContraVault AI raised ₹5.1 crore in a Seed Funding round. The company, based in Delhi, operates in the tender and RFP management sector and the round was led by Titan Capital.
  • Third Bracket raised ₹5 crore in a Seed Round. The company, based in Bengaluru, operates a hiring platform and the round was led by HNIs.
  • LUZO raised $550,000 in a Seed Funding round. The company, based in Mumbai, operates a marketplace for salons, spas, and wellness clinics and the round was led by Enrission India Capital.
  • Complement1 raised $16 million in a Seed Funding round. The company, based in the US, operates in the healthtech sector and the round was led by Owl Ventures and Blume Ventures.
  • Hocco raised $10 million in a Series B round. The company, based in Ahmedabad, operates in the ice cream sector and the round was led by the Chona family office and Sauce.vc.
  • NapTapGo raised ₹2 crore in a Pre-Seed Round. The company, based in Noida, operates in the pod hotel sector and the round was led by IPV.
  • MedVital raised ₹8.4 crore in a Pre-Seed Funding round. The company, based in New Delhi, operates in the MedTech sector and the round was led by 4point0 Health Ventures.
  • 1-India Family Mart raised $12 million in a Series D round. The company, based in Delhi, operates in the value retail chain sector and the round was led by Gulf Islamic Investments.
  • Zenergize raised $2 million in a Seed Funding round. The company, based in Gurugram, operates in the EV sector and the round was led by Mohit Tandon and Himanshu Aggarwal.
  • Nobel Hygiene raised $20 million in a funding round. The company, based in Mumbai, operates in the disposable hygiene sector and the round was led by Neo Asset Management.
  • Fyn Mobility raised $2.5 million in a funding round. The company, based in Chennai, operates in the EV-as-a-Service (EVaaS) sector and the round was led by Vijay Kedia, Lloyd Balajadia, and Rahul Bothra.
  • Big FM 92.7 was acquired by Sapphire Media. The company operates in the media sector.
  • Mumbai Airport bonds secured a $750 million investment. The entity, based in Mumbai, operates in the travel sector and the investment was led by Apollo.
  • Euler Motors raised ₹630 crore in a funding round. The company, based in India, operates in the EV sector and the round was led by Hero MotoCorp.

Week of May 15, 2025

  • Volt14 raised $1.87 million in a Pre-Series A round. The company, based in Bengaluru, operates in the battery tech sector and the round was led by Blume Ventures.
  • Store My Goods secured Rs 4 crore in a growth funding round. This storage solutions company from Noida attracted investment from JITO Incubation and Innovation Foundation (JIIF) and several family offices.
  • Alt DRX raised Rs 23 crore in a funding round. The Bengaluru-based digital real estate company received investment from Qatar Development Bank.
  • Lifechart received $360,000 in seed funding. This gut wellness startup from Gurugram was backed by Prajay Advisors, Prakash Mody, and Jayendra Shah.
  • Celcius Logistics raised Rs 250 crore in a Series B round. The Mumbai-based cold chain aggregator was funded by Eurazeo and Omnivore.
  • 91trucks secured Rs 43 crore in a funding round. This commercial vehicle marketplace from Delhi was backed by Arkam Ventures.
  • Troovy raised Rs 20 crore in a Pre-Series A round. The kids-focused nutrition food brand from Gurugram received investment from Fireside Ventures.
  • Nawgati received $2.5 million in a Pre-Series A round. The Noida-based fuel aggregator was funded by Ajay Upadhyaya.
  • KorinMi secured Rs 3 crore in a pre-seed round. This Korean skin clinic from Gurugram was backed by Vikas Agarwal.
  • InspeCity raised $5.6 million in seed funding. The Mumbai-based spacetech company received investment from Lucky Investment Managers.
  • Insurance Samadhan received Rs 8.5 crore in a strategic funding round. The Noida-based insurance company was backed by Innovito Ventures.
  • Flipspaces secured $35 million in a Series C round. This interior design and contracting company from Mumbai was funded by Iron Pillar.
  • Routematic raised $40 million in a Series C round. The Bengaluru-based transport-as-a-service company was backed by Fullerton Carbon Action Fund and Shift4Good.
  • Shiplog received Rs 6.5 crore in a seed round. The logistics-tech company from Gurugram was funded by Deepak Bhagnani Family Office.
  • BlissClub secured Rs 33 crore in a Pre-Series B round. This women-focused direct-to-consumer company from Bengaluru was backed by Elevation Capital.
  • Posha raised $8 million in a Series A round. The kitchen robotics company, based in Posha, was funded by Accel.
  • PB Healthcare received $218 million in an equity funding round. The Gurugram-based healthtech company was backed by General Catalyst and PB Fintech.
  • Vaya secured $1.5 million in a funding round. This AI company from New Delhi was funded by Accel and Arkam Ventures.
  • High Time Foods raised $1.2 million in a funding round. The Bengaluru-based food-tech company was backed by Avaana Capital.
  • Zebu received $1 million in a Pre-Series A round. The Hyderabad-based defense tech company was funded by Bluehill VC.
  • Feline Spirits secured Rs 5.2 crore in a Pre-Series A round. This craft alcoholic beverage company from New Delhi was backed by IPV.
  • GoTrust raised $400,000 in a pre-seed round. The Noida-based privacy compliance company was funded by Aevitas Capital.
  • Footprints Preschool & Daycare received $7.5 million in a Series A round. The early childhood education and daycare company from Noida was backed by Tanglin.
  • Porter secured $200 million in a Series F round. The Bengaluru-based logistics company was funded by Kedaara Capital and Wellington Management.
  • SCHOTT Poonawalla was acquired in a deal led by TPG. The Mumbai-based healthtech company marks a significant acquisition in the sector.
54Deals Tracked
54Companies Monitored
54Funding Rounds

Frequently Asked Questions about Startup Funding and M&A in India

What is the latest trend in Indian startup funding?
The Indian startup ecosystem continues to attract significant venture capital and private equity investments, especially in sectors like fintech, healthtech, logistics, and AI. Mergers and acquisitions are also on the rise as companies seek to consolidate and expand their market presence.
How can I stay updated on Indian startup funding news?
Bookmark this page and follow Ping.ai for real-time updates on funding rounds, M&A deals, and investor activity in India.
Who are the top investors in Indian startups?
Leading investors include Accel, Blume Ventures, Elevation Capital, General Catalyst, and many others who regularly participate in funding rounds across various sectors.