wayr today India

Category: Startup

  • Indian Startups Raise $935.7 Million in March 2026, a 56% Decline from Previous Year

    This article was generated by AI and cites original sources.

    In March 2026, Indian startups raised approximately $935.7 million in funding, indicating a significant 56% decline from the same period in 2025 when they amassed $2.1 billion across 237 rounds. Despite this decrease, startups managed to secure funding through 94 rounds across various stages, as reported by market intelligence platform Tracxn. This figure represents a 26.1% drop from the previous month’s activities.

    During the week of March 14 to 20, startups garnered about $343 million, a substantial 69% decrease compared to the $1 billion raised during the equivalent period last year. Notably, housing finance platform Weaver Services received the largest investment of the month, securing around $156 million from Premji Invest and Lightspeed Venture Partners to aid in acquiring a controlling interest in Centrum Housing Finance Limited (CHFL).

    Rocketlane, a Chennai-based B2B software-as-a-service (SaaS) startup, raised $60 million in a funding round led by Insight Partners to bolster its offerings, bringing its total funding to $105 million. Additionally, electric vehicle manufacturer Euler Motors received $47 million in Series E funding, aimed at doubling its production capacity, with plans for a new manufacturing facility in the next six months.

    In a Series F round, fitness platform Cult.fit secured $47 million from Temasek, marking its first capital raise in two years. With previous investments totaling over $650 million, Cult.fit continues to attract funding from investors like Accel, Temasek, Chiratae, and Kala.

    Source: Tech-Economic Times

  • Info Edge Invests ₹250 Cr in A88 Fund to Support Early-Stage Deeptech Startups

    This article was generated by AI and cites original sources.

    Info Edge, the parent company of Naukri, has committed ₹250 Cr ($26.5 Mn) to A88 Fund I, established by A88 Trust to fund early-stage deeptech startups in India. The fund, registered with SEBI as a Category II AIF, was launched in February and will be managed by Info Edge’s subsidiary Smartweb. A88 Fund I aims to offer long-term growth opportunities to Indian startups, primarily focused on deeptech.

    Additionally, Info Edge has transferred its 26.14% stake in ShopKirana E Trading Pvt Ltd to Udaan for $32.97 Mn. This move follows Udaan’s acquisition of ShopKirana to enhance profitability.

    This investment in A88 Fund I signifies Info Edge’s growing interest in India’s deeptech startup ecosystem. The company’s executive directors have also approved a ₹15 Cr investment in SIHL, its investment arm, and a ₹100 Cr investment in Redstart Labs, focusing on deeptech and SaaS startups.

    Source: Inc42 Media

  • NoPaperForms’ Meritto Secures SEBI Approval for IPO, Signaling Tech Startup’s Growth and Market Expansion

    This article was generated by AI and cites original sources.

    NoPaperForms, the parent company of Meritto, a startup specializing in Enterprise SaaS for educational institutions, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). This move marks a significant milestone in the tech startup’s journey towards market expansion and financial growth.

    Notably, the company submitted its draft red herring prospectus (DRHP) confidentially in November 2025, leading to SEBI’s issuance of an observation letter on March 25, enabling Meritto to progress with its public issue in the upcoming months. The IPO is anticipated to encompass both a fresh share issue and an offer for sale (OFS).

    With plans to raise between ₹500 Cr to ₹600 Cr at a valuation of approximately ₹2,000 Cr, Meritto aims to leverage this opportunity for further investment and strategic development. Investor Info Edge is set to divest a portion of its stake through the OFS, potentially reducing its shareholding below 25% post-listing.

    In the fiscal year 2025 (FY25), Meritto’s financial performance demonstrated remarkable growth, as its net profit surged to about ₹1.9 Cr from ₹4 Lakh in the previous year, accompanied by a 31% year-over-year (YoY) increase in operating revenue to ₹92.3 Cr. The startup’s core offerings of enrolment automation and CRM tools have evidently resonated with educational institutions, propelling its success in the market.

    Founded in 2017, Meritto’s commitment to enhancing student recruitment, admissions, and fee management processes through innovative SaaS solutions underscores the pivotal role technology plays in reshaping the education sector. The company’s IPO approval signifies not just a financial milestone but also a testament to the evolving landscape of tech-driven solutions within the educational domain.

    Source: Inc42 Media

  • Indian Startups Attract Steady Venture Capital Funding

    This article was generated by AI and cites original sources.

    The Indian startup ecosystem has seen a consistent influx of venture capital funding in the final week of March, according to a report by YourStory. This sustained high level of VC inflow underscores the attractiveness of Indian startups to investors and the positive growth opportunities perceived within the region’s entrepreneurial landscape.

    The ongoing support from venture capitalists highlights the resilience and potential of the Indian startup ecosystem. As startups continue to attract substantial funding, the tech industry in India is poised for further expansion and innovation. The consistent flow of venture capital not only provides financial support for emerging tech companies but also fosters a conducive environment for experimentation, growth, and market disruption.

    This trend signifies the increasing maturity and global appeal of Indian startups, positioning the country as a key player in the international tech landscape. The steady inflow of funding serves as a catalyst for technological advancement and business development within the Indian tech sector.

    Source: YourStory RSS Feed

  • OZi Secures $6.2 Million in Series A Funding to Expand Its Kids-Focused Quick Commerce Platform

    This article was generated by AI and cites original sources.

    OZi, a quick commerce platform specializing in baby and kids’ products, has secured $6.2 million in a Series A funding round. The investment was led by RTP Global, with contributions from established investors such as Blume Ventures, Huddle Ventures, and Zeropearl VC. The round also included participation from notable angel investors, including Kishore Biyani and founders of various successful startups.

    The Series A financing follows OZi’s previous $3.3 million seed round, which was led by Blume Ventures. OZi plans to use the new capital to expand its operations in Gurugram and the National Capital Region, enhance brand visibility and credibility, strengthen its technological and operational capabilities, and diversify its product offerings.

    Established in 2025, OZi caters to parents by providing a wide array of curated baby and kids’ products, spanning categories like apparel, toys, baby gear, and daily essentials. The platform’s rapid delivery model, designed for modern families, aims to streamline the shopping experience.

    With a product range exceeding 15,000 items for children aged 0 to 12 years, OZi covers fashion, toys, nursing essentials, school supplies, pharmacy products, gifts, and more. Operating round-the-clock, OZi ensures deliveries within 60 minutes, offering scheduled delivery options for added convenience. The platform has seen exponential growth since its Gurugram launch and recently expanded its services to Noida.

    Source: Entrackr : Latest Posts

  • Antler India Expands US Market Entry Program to External Startups

    This article was generated by AI and cites original sources.

    Antler India has announced the launch of its 3rd cohort for the US market entry program, as reported by YourStory. Traditionally, this program was reserved for startups within Antler India’s portfolio, but it is now open to external startups for the first time.

    This strategic expansion offers a significant opportunity for a broader range of early-stage startups to access resources and support aimed at facilitating their entry into the competitive US market. By extending the program to startups beyond its existing portfolio, Antler India is demonstrating a commitment to fostering a more inclusive ecosystem for emerging ventures.

    The move not only broadens the pool of participants but also diversifies the perspectives and innovations that can benefit from the program’s guidance. This initiative underscores the growing importance of global expansion for startups and the role of specialized programs in providing the necessary tools and networks to navigate foreign markets successfully.

    Source: YourStory RSS Feed

  • Uncia Secures $3M Seed Funding to Expand AI-Powered Lending Solutions

    This article was generated by AI and cites original sources.

    Lending solutions platform Uncia has secured $3 million in a seed funding round led by Pavestone, a venture capital firm based in Hyderabad. This investment aims to support Uncia’s growth in the Indian market and facilitate its expansion into the Middle East, North Africa (MENA), and North America.

    Founded in 2020 by Hari Padmanabhan, Uncia is an AI-powered lending technology company dedicated to building digital infrastructure for banks and NBFCs. The platform offers three key products: UnciaPrime for Loan Origination, UnciaLeap for Loan Management, and UnciaFlow for Supply Chain Finance and Digital Lending.

    Uncia’s approach addresses the limitations of traditional systems within the rapidly evolving lending landscape. By adopting a unified, cloud-first platform integrated with AI capabilities, Uncia enables swift deployment and scalable growth through a ‘pay-as-you-grow’ model.

    Uncia’s AI-powered platforms are designed around a ‘self-serve lending infrastructure,’ empowering financial institutions to autonomously configure, launch, and oversee complex lending products without the hindrances of change requests or IT dependencies.

    The startup’s significant presence is evidenced by processing over Rs 2 lakh crore in Asset Under Management (AUM) across prominent financial institutions, including some of India’s major lenders.

    Pavestone Technology Fund, with a Rs 816 crore corpus, focuses on backing early growth-stage B2B technology companies like Uncia that tackle crucial challenges for large enterprises. The fund prioritizes companies with established market traction, robust product-market fit, and partnerships with key clients.

    Source: Entrackr : Latest Posts

  • Bellatrix Aerospace Secures $11.7 Million Funding for Advanced Satellite Propulsion

    This article was generated by AI and cites original sources.

    Indian space technology startup, Bellatrix Aerospace, has secured Rs 107 crore (approximately $11.7 million) in its Series B funding round. The Bengaluru-based company, founded in 2015, specializes in developing advanced propulsion systems for satellites, enhancing satellite deployment capabilities.

    The funding round involves the issuance of equity and preference shares, with Cactus Partners Fund leading the investment with Rs 28.5 crore. Other key investors include Hero Enterprise Partner Ventures, GrowX Ventures, and 35 North India Growth, contributing to the total amount raised.

    Bellatrix Aerospace’s propulsion systems facilitate the efficient deployment of both small and large satellites, improving satellite communication and geostationary orbit operations. The company’s expansion plans into the US market further highlight its commitment to global growth and innovation within the space industry.

    Having raised a total of $24.2 million to date, Bellatrix Aerospace continues to push the boundaries of satellite propulsion technology despite operating in a pre-revenue stage. With a focus on enhancing satellite capabilities and advancing space exploration, the funding success signifies a promising future for the company and the spacetech sector.

    Source: Entrackr : Latest Posts

  • Vetic’s Rapid Growth and Widening Losses in FY25

    This article was generated by AI and cites original sources.

    Vetic, a pet care startup, reported remarkable revenue growth in FY25, with sales surging to Rs 62.9 crore from Rs 25.5 crore in the previous fiscal year, as reported by Entrackr : Latest Posts. Founded in 2022, Vetic leverages technology to offer pet healthcare services, including consultations, telehealth, vaccinations, surgeries, and grooming in multiple cities across India.

    The company’s revenue streams primarily come from traded pet food and accessories, accounting for 46% of total revenue, and pet care services such as vaccination and grooming, contributing over 53% to the firm’s revenue. However, Vetic faced a substantial increase in losses, reaching Rs 65.6 crore in FY25, up by 63% from the previous fiscal year.

    Key expenses for Vetic included employee benefits, cost of materials, payments to veterinarians, and marketing spend. The company highlighted a significant rise in marketing expenses, reflecting its efforts to expand its customer base and market presence.

    Despite the revenue growth, Vetic’s losses widened, emphasizing the challenges in balancing rapid expansion with financial sustainability. The company’s financial performance underscores the competitive landscape in the pet care industry and the importance of strategic financial management in sustaining growth.

    Source: Entrackr : Latest Posts

  • Stable Money Secures $15M in Funding from Existing Investors

    This article was generated by AI and cites original sources.

    Stable Money, a Bengaluru-based fixed-income investment startup, has successfully raised $15 million from existing investors in a funding round led by Nandan Nilekani-founded Fundamentum. Other participating investors include Peak XV Partners, Z47 (formerly Matrix Partners India), and RTP Global. This latest round follows a previous funding of $25 million in February this year, also led by Peak XV Partners. As a result of this recent funding, Stable Money is now valued at $275 million.

    This investment highlights the ongoing confidence that investors have in Stable Money’s business model and growth potential. The support from established names like Fundamentum and Peak XV Partners underscores the market’s recognition of Stable Money’s approach to fixed-income investments.

    Stable Money’s ability to attract repeated investments showcases its strong position in the fintech sector, particularly in the realm of fixed-income investment platforms. This funding will likely fuel the startup’s expansion plans and further development of its technology-driven investment solutions.

    Source: Tech-Economic Times