Amid heightened startup IPO activity, private funding in the Indian startup ecosystem took a downturn this week. Between December 1 and 5, 18 startups raised $132.7 Mn, marking a 32% decline from $195.2 Mn raised by 24 startups in the preceding week.
Funding Galore: Indian Startup Funding Of The Week [ Dec 1 – 5 ]
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 4 Dec 2025 | Ultraviolette | Cleantech | Electric Vehicles | B2C | $45 Mn* | Series E | Zoho, Lingotto | – |
| 2 Dec 2025 | StockGro | Fintech | Investment Tech | B2C | $16.7 Mn | Series B | Mukul Agrawal (Param Capital) | Mukul Agrawal (Param Capital) |
| 1 Dec 2025 | Finfactor | Fintech | Fintech SaaS | B2B | $15 Mn | Series A | WestBridge Capital, Varanium Capital, DMI Sparkle Fund, IIFL | WestBridge Capital |
| 3 Dec 2025 | Furlenco | Ecommerce | D2C | B2C | $13.9 Mn | – | Sheela Foam, WhiteOak Capital, Madhu Kela (MK Ventures) | Sheela Foam |
| 4 Dec 2025 | Planys Technologies | Advanced Hardware & Technology | Maritime Tech | B2B, B2G | $11.1 Mn | – | Ashish Kacholia (Lucky Investment Manager), Lashit Sanghvi (Alchemy Capital), Pratithi Investment, Samarthya Investment Advisors, 3i Partners, Letsventure | Ashish Kacholia (Lucky Investment Manager), Lashit Sanghvi (Alchemy Capital) |
| 2 Dec 2025 | Modulus Housing | Real Estate Tech | Construction | – | $7.7 Mn | Seed | Kalaari Capital, Hero Group, Samarthya Investments, SVAS Strategic Management, Sigma Ventures, Srinath Ramakkrushnan (Zetwerk) | Kalaari Capital, Hero Group, Samarthya Investments |
| 4 Dec 2025 | Ayekart | Agritech | Market Linkage | B2B | $6.5 Mn | Debt | Symbiotics Investments | Symbiotics Investments |
| 3 Dec 2025 | Moonrider | Cleantech | Electric Vehicles | B2C | $6 Mn | Series A | pi Ventures, Singularity AMC, Micelio Fund | pi Ventures |
| 4 Dec 2025 | CoreOps.AI | AI | Application Layer | B2B | $3.5 Mn | Pre-Series A | Siana Capital Management, Kettleborough VC, Aroa Venture Partners | Siana Capital Management |
| 3 Dec 2025 | Mirror Security | Enterprise Tech | Horizontal SaaS | B2B | $2.5 Mn | Pre-Seed | Sure Valley Ventures, Atlantic Bridge | Sure Valley Ventures, Atlantic Bridge |
| 3 Dec 2025 | Mannjal | Fintech | Lending Tech | B2B | $2 Mn | Seed | Arali Ventures, B Capital, Sparrow Capital, Gemba Capital | Arali Ventures, B Capital |
| 2 Dec 2025 | GetReplies | AI | Application Layer | B2B | $1 Mn | Seed | Patni Family Office | Patni Family Office |
| 3 Dec 2025 | ReplyAll | Ecommerce | D2C | B2C | $756K | Seed | Sparrow Capital, Antler India, Bharat Founders Fund, DeVC, Shantanu Deshpande (Bombay Shaving Company), Revant Bhate (Mosaic Wellness), Ashish Goel (OctoLife), Sangeet Agarwal (Mokobara), Navin Parwal (Mokobara), Nikhil Bhandarkar (Panthera Peak Capital), Arjun Vaidya (V3 Ventures) | Sparrow Capital, Antler India |
| 5 Dec 2025 | Redapto | AI | Application Layer | B2B | $500K | Pre-Seed | Y Combinator | Y Combinator |
| 4 Dec 2025 | TIDA Sports | Consumer Services | Hyperlocal Services | B2C | $333K | Seed | Inflection Point Ventures | Inflection Point Ventures |
| 29 Nov 2025** | Iztri | Consumer Services | Hyperlocal Services | B2C | $180K | Seed | ajvc | ajvc |
| 2 Dec 2025 | Superhealth | Healthtech | In-Clinic Healthcare | B2C | – | – | MS Dhoni Famli Office, Panthera Peak Capital | – |
| 4 Dec 2025 | InMobi | Enterprise Tech | Horizontal SaaS | B2B | $250 Mn | Secondary Round | Naveen Tewari, Mohit Saxena, Abhay Singhal, Piyush Shah | Naveen Tewari, Mohit Saxena, Abhay Singhal, Piyush Shah |
| Source: Inc42 *Part of a larger round **Included this week as it was skipped last week Note: Only disclosed funding rounds have been included |
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Key Startup Funding Highlights Of The Week
- Deal count wise, AI and fintech sector continued to be investors’ favorite segment. Both the segments witnessed 3 deals, across which startups cumulatively raised $5 Mn and $33 Mn respectively.
- Cleantech managed to be one of the most prominent sectors with 2 startups raising a total of $51 Mn this week.
- Sparrow Capital turned out to be the most active investor this week, backing Mannjal and ReplyAll.
- Eight startups at the seed stage raised about $16 Mn this week.
Fund Updates Of The Week
- Venture capital firm Nexus Venture Partners closed its eighth fund at $700 Mn to back early stage startups across segments like AI, enterprise tech, consumer services and fintech.
- Former Haptik cofounderAakrit Vaish partnered with ex-Together Fund partner Pratyush Choudhary to launch a new AI-focussed VC fund Activate to invest in early-stage AI-native startups.
- VC firm Fireside Ventures announced the final close of its Fund IV at INR 2,265 Cr raised through its gift city feeder fund and India master fund. It aims to back 30-35 early stage consumer brands through the fund, with initial cheque size of $1 Mn to $12 Mn.
Startup IPO Updates Of The Week
- Meesho closed its IPO with an oversubscription of 79.03X, receiving bids for 2,196.7 Cr shares against 27.8 Cr shares available for subscription.
- Aequs’ IPO closed with an oversubscription of 101.63X, receiving bids for 427.1 Cr shares against 4.20 Cr shares available for subscription.
- This week, Wakefit filed its RHP for the IPO comprising a fresh issue of up to INR 377.2 Cr and an offer for sale (OFS) of up to 4.68 Cr equity shares. The shares of the company are likely to list on the exchanges on December 15, at INR 185 to INR 195 per share.
- Temasek-backed home appliances startup Atomberg Technologies is preparing for a $200 Mn IPO. The startup has begun early talks with investment banks and is expected to appoint advisers soon
Other Developments Of The Week
- As InMobi gears for IPO, the founders repurchased roughly 25–30% of the company’s shares from SoftBank, reducing its holding stake to under 8%.
- Credlix has acquired a two-thirds stake in Vanik via an INR 80 Cr deal, allowing it to transition from a loan-sourcing platform into a fully regulated NBFC.
- Following acquisition of payment-focused startup Rio.Money, Zaggle plans to invest INR 75 Cr to scale up the platform and expand its payment and credit-card capabilities.
- Reliance Industries (RIL) has begun preparatory steps towards taking Jio Infocomm public, signalling a major IPO in the near future. The conglomerate has initiated informal discussions with investment banks
The post From Ultraviolette To Furlenco— Indian Startups Raised $133 Mn This Week appeared first on Inc42 Media.
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