From TransBnk To WizCommerce — Indian Startups Raised $98 Mn This Week

Indian startup funding recovered slightly in the final week of August after plunging significantly during the previous week. Eighteen startups managed to raise $98.2 Mn between August 25 and August 30, up 58% from the $62.2 Mn raised across nine deals in the preceding week.

Funding Galore: Indian Startup Funding Of The Week [ Aug 25 – 30 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
28 Aug 2025	TransBnk	Fintech	Fintech SaaS	B2B	$25 Mn	Series B	Bessemer Venture Partners, Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, GMO Venture Partners	Bessemer Venture Partners
25 Aug 2025	Altum Credo	Fintech	Lending Tech	B2B-B2C	$19.4 Mn	–	British International Investment	British International Investment
25 Aug 2025	CredRight	Fintech	Lending Tech	B2B	$10 Mn	Series B	Abler Nordic, Michael & Susan Dell Foundation, Unleash Capital	Abler Nordic
25 Aug 2025	WizCommerce	Enteprise Tech	Vertical SaaS (Ecommerce)	B2B	$8 Mn	Series A	Peak XV Partners, Blume Ventures, Z47, Alpha Wave	Peak XV Partners
29 Aug 2025	Vutto	Ecommerce	Vertical Marketplace	B2C	$7 Mn	Series A	RTP Global, Blume Ventures	RTP Global
25 Aug 2025	Palmonas	Ecommerce	D2C	B2C	$6.2 Mn	Series A	Vertex Ventures Southeast Asia & India	Vertex Ventures Southeast Asia & India
25 Aug 2025	Enmovil	Logistics	Logistics SaaS	B2B	$6 Mn	Series A	Sorin Investments, Capria Ventures, Twynam	Sorin Investments
26 Aug 2025	Peeko	Consumer Services	Quick Commerce	B2C	$3.2 Mn	Seed	Stellaris Venture Partners, Lightspeed partner Maninder Gulati, Abhishek Goyal, Nitin Gupta, Arjun Vaidya, Kunal Bahl, Rohit Bansal	Stellaris Venture Partners
26 Aug 2025	Matiks	Media & Entertainment	Gaming	B2C	$3.1 Mn	Pre-Series A	Tanglin Ventures, Info Edge Ventures, Aman Gupta, Gaurav Munjal, Roman Saini, Anil Goteti	Tanglin Ventures
25 Aug 2025	Wastelink	Cleantech	Climate Tech	B2B	$3 Mn	Series A	Avaana Capital	Avaana Capital
26 Aug 2025	Harajuku Tokyo Cafe	Fooddtech	QSR	B2C	$2 Mn	Seed	Indian Angel Network, Samved VC, LetsVenture, Capitar Ventures	Indian Angel Network
27 Aug 2025	Cumin Co	Ecommerce	D2C	B2C	$1.5 Mn	–	Fireside Ventures, Huddle Ventures	Fireside Ventures
27 Aug 2025	Anmasa	Ecommerce	D2C	B2C	$1.1 Mn	Pre-Seed	Chris Kolenaty, Veltis Capital, Blume Ventures, Indigram Labs Foundation	–
25 Aug 2025	Nugen	Artificial Intelligence	Application Layer	B2B	$1 Mn	Pre-Seed	Antler	Antler
25 Aug 2025	Vaave	Enteprise Tech	Horizontal SaaS	B2B	$748K	–	VCMint, Raj Narayanam	VCMint
26 Aug 2025	Hexafun	Ecommerce	D2C	B2C	$510K	Seed	Prajay Advisors	Prajay Advisors
27 Aug 2025	Nuyug	Ecommerce	D2C	B2C	$283K	Pre-Seed	AJVC	AJVC
27 Aug 2025	BhaoBhao	Consumer Services	Hyperlocal Services	B2C	$200K	–	–	–
Source: Inc42 *Part of a larger round ** Includes secondary transactions Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

• The uptick in weekly startup funding was largely led by the fintech sector, with three startups raising a total of $54.4 Mn.
• While fintech SaaS TransBnk raised the biggest cheque of $25 Mn this week, NBFCs Altum Credo and CredRight together raised $29.4 Mn.
• Ecommerce sector saw the highest number of deals this week, with six startups raising $16.6 Mn.
• About 60% of fresh capital in the ecommerce sector was raised by five D2C startups.
• Blume Ventures was the most active investor this week, investing in WizCommerce, Vutto and Anmasa.
• Six seed stage startups cumulatively raised $8.1 Mn this week, more than 3X from the $2 Mn raised by four early stage startups last week.

Startup Fund Updates Of The Week

• Elevation Capital announced the launch of its IPO-bound startup focussed fund, Elevation Holdings, with a corpus of $400 Mn. Through the new fund, the Meesho-investor aims to back 10 to 15 startups that are eyeing public listing in the next three years.
• Early stage focussed VC firm a99 (formerly Artha99) launched its third fund with a target corpus of $100 Mn this week. With soft commitments of $30 Mn as of now, the firm is eyeing the first close of the fund by April 2026.

Startup IPO Updates Of The Week

• Market regulator SEBI cleared fintech unicorn Groww’s IPO bid this week, Inc42 learnt. The startup would look to raise $800 Mn to $1 Bn via its public issue at a valuation of $7 Bn to $8 Bn.
• In what will be its third attempt at a public listing, hospitality major OYO is likely to file its DRHP in November. The startup is targeting a valuation of $7 Bn to $8 Bn for its IPO.
• During Reliance Industries Ltd’s (RIL’s) 48th annual general meeting yesterday, chairman and MD Mukesh Ambani announced that telecom major Jio is preparing for a public listing by the first half of 2026. Earlier in July, RIL was reported to be in discussion with markets regulator SEBI for a $6 Bn (INR 52,465 Cr) IPO for Jio.

Other Developments Of The Week

• Enterprise tech unicorn Uniphore announced the acquisition of US-based agentic AI platform Orby AI to strengthen its enterprise AI cloud offering. The startup said it also plans to acquire hyper-automation platform Autonom8 to enhance its AI talent pool and technology.
• Deeptech startup Arctus Aerospace is in talks to raise $2.4 Mn to $3 Mn in its pre-seed round from a group of investors, including South Park Commons and gradCapital, sources told Inc42.
• AI-driven robotics startup Miko is set to raise a whopping $151 Mn from AMDG-PAX Foundation through issuance of preferential shares. The startup’s board approved the issue of 22,464 Series D2 CCPS to AMDG-PAX Foundation for INR 5,90,000 per share.
• To foster Delhi’s startup ecosystem, the state government announced its plans to float a VC fund worth INR 200 Cr under the draft ‘Delhi Startup Policy, 2025. The government aims to support and facilitate the emergence of at least 5,000 startups by 2035.
• Prosus is reportedly in talks to invest about $200 Mn in ride-hailing major Rapido. The round is expected to value the startup in the range of $2.5 Bn to $2.7 bn, more than double than its last valuation of $1.1 Bn.

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