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

This week saw a surge of activity across India’s startup ecosystem, with major fund infusions, strategic expansions, job restructuring, and large-scale infrastructure commitments. From AI and aerospace to beauty, biotech, mobility, and wealthtech, here’s everything that made headlines.

Eternal infuses Rs. 600 Cr into Blinkit, taking 2025 funding total to Rs. 2,600 Cr

E-commerce quick-delivery platform Blinkit received an additional Rs. 600 crore infusion from Eternal, bringing its total funding for 2025 to Rs. 2,600 crore. The capital is expected to be used for dark-store expansion, logistics optimisation, and strengthening its dominance in the quick-commerce segment.

Info Edge to invest Rs. 70 Cr in SIHL

Info Edge announced an investment of Rs. 70 crore in SIHL as part of its ongoing strategy to support promising startups within its portfolio. The funding is expected to help SIHL accelerate product development and expand operational capabilities.

Digital Connexion to invest $11 billion in Andhra Pradesh for a 1 GW AI-native data centre

Digital Connexion has committed $11 billion to develop a 1-gigawatt AI-native data centre campus in Visakhapatnam. The project, set to be completed by 2030, is designed to cater to next-generation AI workloads and marks one of the largest data-centre investments in the country.

Mirana Toys raises Rs. 57.5 crore Series A funding to boost manufacturing

Toy manufacturer Mirana Toys secured Rs. 57.5 crore in its Series A round to scale production and expand its manufacturing footprint. The company aims to enhance monthly capacity and meet rising domestic and export demand.

3ev raises Rs. 120 crore in Series A led by Mahanagar Gas

Electric mobility startup 3ev raised Rs. 120 crore, with Mahanagar Gas leading the round. The funds will be used to strengthen EV manufacturing, expand service networks, and develop cleaner last-mile mobility solutions.

Arctus Aerospace raises $2.6 million to build high-altitude unmanned aircraft

Aerospace startup Arctus Aerospace raised $2.6 million in pre-seed funding to develop high-altitude, long-endurance unmanned aircraft. The company plans to accelerate prototyping and expand testing operations.

Neo raises $25 million led by Crystal Investment

Fintech platform Neo secured $25 million in a funding round led by Crystal Investment. The capital will support product scaling, regulatory strengthening, and expansion of its banking and payment infrastructure solutions.

immunitoAI raises $6.1M to advance AI-led antibody therapeutics

Healthtech startup immunitoAI raised $6.1 million to grow its AI-driven antibody discovery and therapeutics pipeline. The funding will boost R&D and support partnerships in global biotech markets.

CrisprBits raises $3 million in Pre-Series A funding

Biotech startup CrisprBits raised $3 million in a Pre-Series A round to scale its CRISPR-based diagnostics platform. The company plans to expand its product portfolio targeting rapid, affordable genetic testing.

Mobavenue AI Tech stock hits an all-time high at Rs. 1236.5

Mobavenue AI Tech recorded a new stock market high of Rs. 1236.5, reflecting strong investor sentiment driven by rising demand for AI-powered ad-tech and analytics solutions.

Morphle Labs secures $5M Series A for robotic cancer diagnostics

Healthtech innovator Morphle Labs raised $5 million in Series A funding to scale its robotic cancer diagnostics platform and enhance deployment across global pathology labs.

FAE Beauty raises Rs. 17 Cr for omnichannel expansion

D2C beauty brand FAE Beauty raised Rs. 17 crore to strengthen its offline presence, expand product lines, and boost retail distribution across key Indian cities.

Wealthy raises $14.5 million for wealth management expansion

Wealthtech startup Wealthy received $14.5 million in fresh funding to grow its advisory network, enhance tech infrastructure, and expand investment solutions for India’s growing retail investor base.

Agnikul raises $17 million at a $500 million valuation

Aerospace company Agnikul raised $17 million, valuing the startup at $500 million. The funds will support infrastructure upgrades, launch operations, and scaling of its Agnibaan rocket programme.

Mergers and Acquisitions

• Google teams up with Accel to hunt for India’s next AI breakouts, forming a joint initiative to identify and support early-stage Indian AI startups.
• Rapido and magicpin unite to challenge Zomato and Swiggy, collaborating to strengthen their presence in India’s competitive food-delivery market.

Other News

• Paytm Payment Services has received full online payment authorisation from the RBI, allowing it to resume onboarding merchants across India.
• Apple has approached the Delhi High Court challenging the CCI’s authority, specifically contesting the regulator’s power to impose penalties based on global turnover.
• SEBI has approved IPO plans for Fractal Analytics, Sahajanand Medical Technologies and Amagi Media Labs, clearing the path for their upcoming public listings.
• Flutter lays off 350 staff at Junglee Games and redeploys 600 employees to its Hyderabad Global Capability Centre following regulatory changes in India’s real-money gaming sector.