The Indian startup ecosystem witnessed another dynamic week of funding, with investors backing innovations across diverse sectors. From crypto investments to expanding e-commerce platforms, here TICE brings you the top funding highlights from this week.
Top Startup Funding Highlighhts
Funding Highlights:
| Startup/Company | Amount Raised | Funding Stage | Key Investors | Purpose |
|---|---|---|---|---|
| Stellaris Venture Partners | $300M | Fund III | N/A | Seed and Series A investments in 25-30 startups over three years |
| Nazara Technologies | Rs 855 Cr | Preferential Share Allotment | SBI Innovative Opportunities Fund, Junomoneta Finsol | Acquire a 19.35% stake in Sportskeeda |
| Beta Drugs | Rs 117 Cr | N/A | HealthQuad, others | Oncology expansion in tier II/III cities |
| ShopDeck | $8M | Series B | Bessemer Venture Partners | Expand D2C platform and AI capabilities |
| Alt Mobility | $10M | Series A | Eurazeo | Fleet expansion and EV technology investment |
| Arihant Foundations | Rs 109 Cr | N/A | Lotus Family Trust, others | Expand real estate footprint in South India |
| Candytoy Corporate | Rs 110 Cr | Series A | N/A | Enhance manufacturing and team scaling |
| BitSave | Undisclosed | Pre-Series A | Leo Capital | Crypto investing SIP platform improvements |
| All Things Baby | Rs 30 Cr | N/A | Manish Choksi family office | Product expansion and distribution growth |
Infographic: Top Sectors by Funding
This week, funding flowed into some of the most dynamic sectors, showcasing the broad appeal and potential of Indian startups. Here’s a snapshot of the top sectors that secured the most investment.
| Sector | Funds Raised (Approx.) |
| Consumer Tech | $300M |
| Gaming/Esports | Rs 855 Cr |
| Oncology | Rs 117 Cr |
| D2C Enabling Tech | $8M |
| EV Leasing | $10M |
| Real Estate | Rs 109 Cr |
| Crypto | Undisclosed |
| Baby/Mothercare | Rs 30 Cr |
Detailed Breakdown
Stellaris Venture Partners Closes $300M Fund III
Bengaluru-based Stellaris Venture Partners has successfully closed its Fund III with a substantial $300 million. The fund aims to lead seed and Series A investments in 25 to 30 startups over the next three years, focusing on sectors like consumer tech, artificial intelligence, SaaS, and financial services. Stellaris’ total assets under management now exceed $600 million. Having previously backed brands like Mamaearth and Whatfix, the firm is bullish on India’s startup growth trajectory.
Nazara Technologies Raises Rs 855 Crore via Preferential Shares
Gaming and esports giant Nazara Technologies secured Rs 854.99 crore through a preferential share allotment. Investors such as SBI Innovative Opportunities Fund and Junomoneta Finsol participated in the round. The funds will be directed towards acquiring a 19.35% stake in its subsidiary, Absolute Sports, the parent company of Sportskeeda. Despite rising costs and a 32.8% dip in profit, the company continues to see strong revenue growth in gaming and esports.
Beta Drugs Secures Rs 117 Crore for Oncology Expansion
Beta Drugs, an oncology-focused startup, raised Rs 117 crore from HealthQuad and other investors to enhance its presence in tier II and III cities. The company plans to strengthen its oncology product portfolio and target underserved segments, aiming to rank among India’s top five oncology firms within five years.
ShopDeck Raises $8 Million to Power D2C Growth
ShopDeck, a D2C enabler, raised $8 million in Series B funding led by Bessemer Venture Partners. The platform, known for optimizing direct-to-consumer brand operations, plans to enhance its software and AI capabilities. With over 1,000 brand partnerships, ShopDeck aims to accelerate profitability in the rapidly growing D2C space.
Alt Mobility Bags $10 Million in Series A Funding
Alt Mobility, a commercial EV leasing and asset management company, raised $10 million in a Series A round led by European VC Eurazeo. The funds will be used to expand its fleet to 30,000 vehicles by 2026 and invest in battery technology and a digital platform. Alt Mobility’s cost-effective leasing solutions aim to boost electric vehicle adoption in India.
Arihant Foundations Raises Rs 109 Crore for Expansion
Chennai-based Arihant Foundations & Housing secured Rs 109 crore from Lotus Family Trust and other investors. The funds will support the company’s expansion in South India, focusing on residential, commercial, and senior housing projects. This strategic infusion is expected to enhance Arihant’s competitive edge in the real estate market.
Candytoy Corporate Secures Rs 110 Crore in Series A Funding
Candytoy Corporate raised Rs 110 crore in Series A funding to scale its manufacturing capabilities and expand its workforce. Operating in over 40 countries, the company supplies candy and promotional toys and plans to ramp up its operations in the coming months.
BitSave Raises Pre-Series A Funding from Leo Capital
Crypto startup BitSave, launched in 2023, raised an undisclosed amount in pre-Series A funding from Singapore-based Leo Capital. The platform offers a systematic investment plan (SIP) for crypto investors and currently manages $450,000 in assets for 520 active users, primarily from India. The funding will be used for licensing, product enhancements, and brand-building efforts.
All Things Baby Raises Rs 30 Crore from Choksi Family Office
All Things Baby, a curated platform for baby and mothercare products, raised Rs 30 crore from Inoventures, the family office of Manish and Richa Choksi. The company plans to expand its product range and distribution channels, focusing on an omnichannel strategy. Already profitable, All Things Baby aims to achieve Rs 60 crore in revenue by FY24-25.
This week’s funding activity highlights the diverse and thriving nature of India’s startup ecosystem. From fintech and healthcare to electric mobility and real estate, these investments underscore the confidence investors have in the nation’s entrepreneurial spirit.
