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

India’s startup ecosystem is buzzing with major moves, from PayU’s fintech expansion and Raptee’s EV milestone to EcoSoul’s sustainable funding and Swiggy’s budget app launch. This week’s roundup captures the latest developments in tech, food, fintech, and policy shaping India’s dynamic business landscape.

Raptee.HV Becomes India’s First EV Motorcycle OEM Backed By Technology Development Board

Chennai-based EV startup Raptee.HV has secured funding from the Government of India’s Technology Development Board, becoming the first electric motorcycle OEM to do so. The support underscores Raptee’s focus on building high-performance, indigenously designed e-motorcycles. With the EV sector accelerating rapidly, this backing is expected to give Raptee the scale, credibility, and technological edge to compete in a growing market that demands innovation in both performance and affordability.

EcoSoul Raises $20 Mn To Offer Sustainable Homeware Products

EcoSoul Home has raised $20 million in funding to accelerate its sustainable homeware offerings. The US- and India-based startup manufactures eco-friendly alternatives to plastics, including compostable tableware and kitchen essentials. The funding round, led by Accel and other investors, will support expansion in India and overseas markets. EcoSoul aims to tap into the rising demand for green lifestyle products, especially among younger, environmentally conscious consumers looking for everyday sustainable choices.

InCred Money Raises Rs. 250 Cr At Rs. 1,650 Cr Valuation

InCred Money has secured Rs. 250 crore in funding, taking its valuation to Rs. 1,650 crore. The wealthtech platform focuses on democratising access to fixed-income investment products for retail and affluent investors. With this fresh capital, the company plans to deepen distribution, enhance technology, and diversify offerings. InCred Money’s growth reflects the increasing appetite for alternate investment opportunities in India’s evolving financial services ecosystem, where trust and accessibility are key differentiators.

Wow! Momo Raises Rs. 75 Crore In Series D Round

Quick-service restaurant chain Wow! Momo has raised Rs. 75 crore (approximately $8.5 million) as part of its ongoing Series D funding round. Known for its fast expansion and hybrid retail models, the company will deploy the capital towards scaling operations and brand presence. The investment comes amid intensifying competition in India’s QSR space, with Wow! Momo betting on regional specialities and affordable menus to appeal to a wide and diverse consumer base.

Indkal Raises $20 Mn Bridge Funding To Scale Wobble Brand

Consumer electronics firm Indkal Technologies has raised $20 million in bridge funding to accelerate the growth of its audio brand, Wobble. The Bengaluru-based company, known for licensed brands in appliances and electronics, plans to channel the funds into marketing, product innovation, and distribution. With India’s consumer tech market booming, Indkal’s move signals an attempt to establish Wobble as a competitive homegrown alternative to international players in the mid-premium audio segment.

Mergers and Acquisitions:

1. PayU Increases Stake In Mindgate To 70%
2. Sumitomo Mitsui To Buy More Of Yes Bank After SBI Stake Sale

Other News:

1. Swiggy Debuts ‘toing’ App For Affordable Meal Delivery
2. Centre Plans To Exempt Data Centres From Taxes For 20 Years
3. Pine Labs Gets SEBI Nod For Its Public Listing
4. CRED Adds Gold, Credit Card, Members-Only ‘Sovereign’ Club To Super App
5. Kavin Mittal’s Hike Shuts Down Operations Completely
6. Gameskraft Lays Off 120 Employees
7. CRED, PhonePe, Paytm Stop Rent Payments Via Credit Cards