Startups, Mergers, Acquisitions and Funding Round-up this week

India’s startup landscape continued to show strong movement this week, with funding flowing into deeptech, AI, and semiconductor ventures, alongside notable M&A deals and public-private partnerships aimed at boosting innovation across sectors. 

Enlite Attracts Rs. 46 Crore to Expand Infrastructure Automation Solutions

Infrastructure automation startup Enlite, based in Bengaluru, has secured Rs. 46 crore in funding, led by Avaana Capital. The company plans to utilise the capital to scale its intelligent systems for urban utilities and strengthen its operational team for broader impact in smart city projects.

Semiconductor Startups Gain Momentum Under India’s Design Incentive Scheme

India’s push to bolster semiconductor self-reliance through the Design Linked Incentive (DLI) scheme is beginning to yield results. Multiple chip design startups have successfully raised funding in 2025, reflecting a shift in investor focus towards foundational tech infrastructure.

NetraSemi Secures Rs. 107 Crore to Strengthen Local Chip Manufacturing

Chip design firm NetraSemi has closed a Rs. 107 crore Series A funding round to deepen its R&D capabilities. The startup intends to ramp up its design talent and expand its portfolio of semiconductor solutions amid rising global demand and domestic policy support.

Composio Raises $2.5 Million to Power Developer-Centric AI Automation

Composio, an AI infrastructure startup, has raised $2.5 million in a funding round led by Lightspeed Venture Partners. The startup provides backend tools that allow developers to integrate AI capabilities into their products more efficiently. The funds will be directed towards team expansion and advanced feature deployment.

Veranda Learning Nets Rs. 357 Crore Through QIP to Strengthen Financial Health

Chennai-based Veranda Learning has raised Rs. 357 crore via a Qualified Institutional Placement. The edtech firm aims to reduce its existing debt obligations and explore strategic growth opportunities through this capital injection.

BharatSure Receives Rs. 6 Crore to Scale Insurance Technology in Smaller Cities

Insurtech platform BharatSure has raised Rs. 6 crore in early-stage funding led by Inflection Point Ventures. The funds will be used to build digital insurance infrastructure, especially in Tier II and Tier III cities, enabling access to affordable insurance through embedded technology models.

Mergers and Acquisitions 

• Aurum PropTech has expanded its digital real estate footprint by acquiring REA India’s PropTiger through a strategic equity exchange deal.
  
  
• Mindspace REIT marked its first independent third-party purchase with a Rs 512 crore acquisition of a commercial asset in Hyderabad.
  
  
• The National Company Law Tribunal (NCLT) has sanctioned the merger of Adani Cementation with Ambuja Cements, paving the way for unified operations.
  
  
• Tilaknagar Industries has taken over the Imperial Blue whisky brand from Pernod Ricard, a move aligned with its ambition to diversify its spirits portfolio.
  
  
• In a significant restructuring, Adani Group has transferred a 20% stake in its agri-business Adani Wilmar to joint venture partner Wilmar International for Rs 7,150 crore.
  

Other News

• A former NITI Aayog officer has launched an AI startup, making waves for his sharp career switch.
  
  
• Karnataka’s startup funding fell 30% in H1 2025, signalling reduced investor activity.
  
  
• Maruti Suzuki and DPIIT signed an MoU to boost mobility startups in India.
  
  
• A BITS Hyderabad startup delivered combat drones to the Indian Army.
  
  
• Indore’s MSME Hackathon 5.0 is backing early-stage startups with fresh ideas.