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

This week’s developments in India’s startup space highlight a fast-changing landscape shaped by new capital infusions, strategic acquisitions, and notable policy decisions. From cleantech funding and consumer brand expansions to legislative changes in the gaming sector, the ecosystem continues to push boundaries and evolve across industries.

EdgeHax secures Rs. 1.39 crore to strengthen AI at the edge

EdgeHax, a startup developing edge-based AI hardware solutions, has raised Rs. 1.39 crore in seed funding from Inflection Point Ventures. The Bengaluru-based company is developing edge-based AI solutions aimed at reducing latency and boosting data security for real-time applications. The company plans to use the capital to scale its platform and strengthen its presence in the AI hardware space.

Artha Select Fund eyes deep-tech expansion with new investment focus

Artha Select Fund has announced plans to back Indian deep-tech startups entering the Series B and C stages. The fund seeks to support innovations in fields like robotics, artificial intelligence, and advanced hardware. This strategic focus aims to also plug the funding gap for hardware-first, IP-led companies ready for global growth.

Mitra Foods attracts undisclosed funding for retail scale-up

FMCG player Mitra, focusing on regional Indian snacks and condiments, has raised funding to expand its footprint. The startup aims to offer affordable and health-conscious alternatives in the food and daily essentials category. The funds will support retail growth and supply chain enhancement.

Mithila Foods gets Rs. 1.5 crore to elevate Bihar’s flavours

Bihar-based Mithila Foods has raised Rs. 1.5 crore in seed funding from AjVC. The brand, which markets traditional snacks and condiments from the Mithilanchal region, plans to use the capital to streamline logistics and widen its reach across northern India. The startup intends to widen its reach and promote traditional packaged foods from the region.

Dobra raises Rs. 15 crore to scale clean-label Indian beverages

Food and beverage brand Dobra has raised Rs. 15 crore in a seed round to boost its clean-label drinks. The company’s focus lies in producing nostalgia-based snack foods with a health twist, blending traditional Indian flavours with modern branding and packaging. The funds will aid in manufacturing, marketing, and channel distribution expansion.

Beyond Appliances lands Rs. 33 crore for smart kitchen solutions

Startup Beyond Appliances, known for Android-powered chimneys, has secured Rs. 33 crore in funding. The startup combines IoT with kitchen essentials to create interactive cooking experiences. The capital will help scale R&D and accelerate product rollout in the smart home appliance segment. 

Peelon receives Rs. 8.3 crore to tackle food waste via climate tech

Sustainable packaging startup Peelon has bagged Rs. 8.3 crore in seed funding led by GrowX Ventures and other global climate-focused investors. Their biodegradable, plant-based coating technology helps extend the shelf life of produce. The startup is building tech that prolongs fruit and vegetable shelf life.

ShreeTech Data raises Rs. 37.5 crore for digital infra boost

ShreeTech Data has secured Rs. 37.5 crore in funding to advance its digital infrastructure offerings. The company specialises in offering data centre services and scalable cloud solutions for government and enterprise clients. The firm will invest in server capacity, cybersecurity, and cloud architecture.

HexaFun pockets Rs. 4.5 crore for design-led accessories

HexaFun, a lifestyle brand focused on quirky, design-first accessories, has raised Rs. 4.5 crore to expand its product line and improve visibility across urban markets. The startup focuses on functionality, minimalism, and youth-centric designs, particularly for Gen Z. It aims to increase online reach, forge retail collaborations, and expand into the gifting segment. 

Weaver Services closes Rs. 1,700 crore round for housing finance

Affordable housing finance platform Weaver Services has raised Rs. 1,700 crore in a round led by Lightspeed and Premji Invest. The company’s core mission is to make affordable housing accessible through easy financing solutions. The startup will focus on scaling its loan offerings across Tier 2 and Tier 3 cities.

Famyo raises Rs. 4 crore to scale kidswear business

Lifestyle brand Famyo has raised Rs. 4 crore in a new funding round. The brand blends playful design with sustainable fabrics for children’s apparel and home accessories. Known for kidswear and accessories, the brand will use the funds to increase production and brand awareness.

House of Biryani brings in Rs. 32 crore to scale cloud kitchens

Cloud kitchen brand House of Biryani has secured Rs. 32 crore in funding. The startup, which operates a network of delivery-only kitchens, plans to enter new cities and strengthen its backend logistics and tech stack.

Mergers and acquisitions

• Credgenics, a SaaS-based debt recovery platform, has expanded its reach by acquiring Arrise, aiming to enhance its tech-enabled collection capabilities.
• Wipro is acquiring Harman Connected Services in a $375 million deal to strengthen its digital engineering and connected technology offerings.
• Consumer electronics retailer Sathya has purchased a Karnataka-based retail chain, looking to broaden its market presence across the region.
• Tips Music has acquired the catalogue of Studio Radha, marking its entry into Gujarat’s regional music space and diversifying its audio content assets.

Other News 

• IIM Calcutta Innovation Park has introduced a Rs. 50 crore fund to promote startups working in clean technology and sustainability, aiming to foster green innovation.
• The Rajya Sabha has approved the Gaming Regulation Bill 2025, which prohibits platforms like Dream11 and WinZO. The legislation compares gaming dependence to substance abuse.
• BharatPe has reported a profitable fiscal year and strengthened its leadership by appointing two experienced professionals to key senior positions.
• Content creator Dhruv Rathee has launched his debut venture, AI Fiesta, drawing inspiration from the day-to-day issues he has personally faced.