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

In this week’s startup roundup, Indian startups saw a robust wave of funding across fintech, AI, and consumer brands. From PhonePe’s massive pre-IPO boost to Happi Planet’s sustainable expansion, here’s a look at the biggest fundraisers and key industry updates.

PointAI Bags Rs. 47 Crore To Take Its Virtual Try-On Offering Global

AI startup PointAI has raised Rs. 47 crore in a Pre-Series A round led by Yali Capital. The funds will help the company scale its virtual try-on technology, enhance R&D, and expand its presence in international markets.

IntrCity SmartBus Secures Rs. 250 Crore As India's Intercity Travel Booms

IntrCity SmartBus has raised Rs. 250 crore in its Series D round led by A91 Partners. The mobility startup plans to use the capital to expand its fleet, strengthen intercity routes, and enhance passenger experience.

General Atlantic Pumps $600 Million Into PhonePe Ahead Of IPO

Global investor General Atlantic has invested $600 million in fintech major PhonePe ahead of its planned IPO. The funds will be used to grow its financial services offerings and accelerate expansion across segments like insurance and lending.

SalarySe Secures $11.3 Million From Flourish Ventures and SIG Ventures

Fintech startup SalarySe has raised $11.3 million in a funding round led by Flourish Ventures and SIG Ventures. The investment will support product innovation and its mission to simplify salary management for employees and employers.

Drip Capital Raises $50 Million From TD Bank To Boost SMB Trade Finance

Trade finance platform Drip Capital has secured $50 million from TD Bank to strengthen its cross-border financing solutions for small and medium-sized businesses and support its expansion in key global markets.

Jupiter Money Raises $15 Million From Mirae Asset, Beenext, and 3one4 Capital

Neobank Jupiter Money has raised $15 million in funding led by Mirae Asset, Beenext, and 3one4 Capital. The funds will be used to enhance its digital banking products and accelerate customer acquisition.

Happi Planet Raises Rs. 18 Crore From Fireside Ventures and Prath Ventures

Sustainable personal care brand Happi Planet has raised Rs. 18 crore in a funding round led by Fireside Ventures and Prath Ventures to expand its product line and boost distribution across India.

Mem0 Secures $24 Million In Funding

AI infrastructure startup Mem0 has raised $24 million to scale its memory-based AI systems and support enterprise adoption of contextual, privacy-focused solutions.

Lyzr Secures $8 Million To Help Enterprises Build Custom AI Agents

Lyzr has raised $8 million in a funding round to enable businesses to create custom AI agents. The funds will be used to strengthen its enterprise partnerships and enhance its automation capabilities.

Tsuyo Manufacturing Raises Rs. 40 Crore In Pre-Series A Funding

EV component maker Tsuyo Manufacturing has raised Rs. 40 crore in a Pre-Series A round to ramp up production capacity and drive innovation in India’s electric vehicle ecosystem.

Fambo Secures Rs. 21.55 Crore From Agrisure Fund and EV2 Ventures

Agri-supply chain startup Fambo has raised Rs. 21.55 crore from Agrisure Fund and EV2 Ventures to expand its operations and strengthen logistics solutions for farmers and agri-businesses.

Blume Ventures Logs Initial Close Of Fifth Fund At $175 Million

Blume Ventures has announced the first close of its fifth fund at $175 million. The fund will back early-stage Indian startups in emerging sectors such as deeptech, SaaS, and climate tech.

Gruhas and Collective Artists Network Close Rs. 100 Crore Maiden Fund

Nikhil Kamath’s Gruhas and Collective Artists Network have closed their first fund worth Rs. 100 crore to invest in startups across media, entertainment, and creator-led businesses.

Snabbit Raises $30 Million Series C To Expand Into Child, Elder And Cooking Care

Snabbit has raised $30 million in its Series C round led by Bertelsmann to diversify into childcare, eldercare, and home cooking services across key markets.

Optimo Capital Raises Rs. 150 Crore Series A To Redefine Property-Backed Lending In India

Lending startup Optimo Capital has raised Rs. 150 crore ($17.5 million) in a Series A round to strengthen its property-backed credit products and scale operations across Tier-II and Tier-III cities.

Stanza Living To Raise $32 Million From Accel and Motilal Oswal In Down Round

Student housing platform Stanza Living is set to raise $32 million in a down round led by Accel and Motilal Oswal to improve occupancy rates and stabilise its business post-pandemic.

Catalyx Space Raises $5.4 Million To Scale Full-Stack Space Logistics

Catalyx Space has raised $5.4 million in funding to enhance its space logistics and satellite servicing solutions as it expands capabilities in the global aerospace ecosystem.

UnifyApps Raises $50 Million Led By WestBridge Capital

Workflow automation startup UnifyApps has raised $50 million in a round led by WestBridge Capital. The funding will be used to scale operations and advance its unified automation platform.

India Quotient Closes Fund V At $129 Million To Back Early-Stage Startups

Venture capital firm India Quotient has closed its fifth fund at $129 million to continue backing early-stage startups in consumer tech, fintech, and SaaS sectors.

Mergers and Acquisitions

• Heritage Foods acquires a majority stake in dessert brand Get-A-Way to expand its presence in the health-focused food segment.
• Reliance partners with Meta’s Facebook to form a 70:30 joint venture developing AI-driven digital services in India.
• EaseMyTrip completes the acquisition of four companies to strengthen its travel and hospitality portfolio.

Other News

• Amazon to lay off 800–1,000 employees in India as part of its global restructuring.
• CCPA seeks Ola Electric’s response over alleged customer rights violations.
• boAt parent company files an updated DRHP with SEBI, cutting IPO issue size to Rs. 1,500 crore.