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

This week, India’s startup and corporate landscape remained active, with strong momentum across aerospace and defence, EV components, fintech, healthcare skilling, and social investing as several companies announced fresh funding rounds. Alongside capital raises, the ecosystem also witnessed notable mergers and acquisitions, regulatory developments, and strategic moves by large corporates and investors, shaping the direction of technology, mobility, logistics, and consumer-focused sectors.

CoreEL Technologies raises $30 Mn in Series B

Aerospace and defence technology firm CoreEL Technologies has raised $30 million in a Series B funding round from a clutch of investors. The fresh capital will be deployed to accelerate product development, strengthen R&D capabilities, and expand its footprint across domestic and global defence and aerospace programmes.

Naxatra Labs raises $3 Mn in Pre-Series A funding

EV component startup Naxatra Labs has secured $3 million in a Pre-Series A round to scale its indigenous electric motor technology. The funds will be used to enhance manufacturing capacity, deepen research efforts, and support partnerships with electric vehicle manufacturers.

Prosperr.io secures $4 Mn to scale AI tax platform

AI-driven tax and compliance platform Prosperr.io has raised $4 million in fresh funding to scale its operations. The investment will help the company strengthen its technology stack, expand its user base, and enhance offerings for salaried professionals and enterprises.

PowerUp Money raises $12 Mn to scale mutual fund advisory

Fintech startup PowerUp Money has raised $12 million to expand its mutual fund advisory platform. The capital will be utilised to improve product capabilities, invest in customer acquisition, and broaden its presence across India’s retail investor market.

Virohan raises $7.5 Mn in Series B

Healthcare skilling platform Virohan has secured $7.5 million in a Series B funding round. The funds will support expansion into new geographies, development of additional training programmes, and deeper collaboration with healthcare institutions.

StockGro to raise fresh funds from Valiant Capital Management

Social investment platform StockGro is set to raise fresh capital from Boston-based Valiant Capital Management. The upcoming funding round is expected to support platform growth, product innovation, and expansion of its community-driven investing ecosystem.

Mergers and Acquisitions

• SBI Mutual Fund has trimmed its stake in Delhivery to 5.69 per cent via open market transactions.
• NCLT Bengaluru has approved the merger of Amazon India’s logistics arm with its marketplace entity.
• Cautio has acquired WTFund-backed BYTES to expand its two-wheeler ADAS capabilities.
• Healthtech startup GABIT has acquired clean supplement brand Näck to strengthen its wellness ecosystem.

Other News 

• The government has banned advance tipping on ride-hailing apps and mandated a female driver option for women users.
• Anicut Capital has closed a Rs. 1,275-crore private credit fund to back consumer, engineering and SaaS companies.
• Samsung plans to set up a technology and manufacturing hub in India under the PLI scheme.
• OYO’s parent PRISM has secured shareholder approval to raise up to Rs. 6,650 crore through a fresh issue for its IPO.