Daily coverage of funding rounds, IPOs, policy and founder journeys across India's startup ecosystem.
Key announcements impacting the startup ecosystem
Bengaluru-based ride-hailing platform Rapido has raised $120 million in a Series F round led by WestBridge Capital, with participation from Nexus and Prosus, valuing the company at $2.4 billion.
Shamrock AI raised $5 million in seed funding led by Endiya Partners, with Capria Ventures participating, for reliable enterprise AI deployment.
Scimplify raised $25 million in a strategic round led by Hitachi Ventures, bringing financial and industrial investors into its chemicals business.
GreenCell Mobility secured ₹330 crore in equity from Impact Fund Denmark; the company says the investment will support 4,500 additional electric buses.
Parallel Loop raised $6.6 million in seed funding led by 3one4 Capital, with Picus Capital and Flourish Ventures among the participants.
The Stack raised ₹21.5 crore in a round co-led by Sauce.vc, OTP Ventures and Huddle Ventures, with AYRA Ventures participating.
Circle raised ₹25 crore in seed funding led by Nexus Venture Partners to expand its pre-owned goods marketplace beyond Bengaluru.
RapidCanvas has raised $29 million in a Series B led by Vertex Ventures SEA & India, with Hitachi Ventures and existing backers participating.
Confido Health raised a $12.5 million Series A extension led by Z47, taking its Series A total to $22.5 million for healthcare administration AI.
Shamrock AI raised $5 million in seed funding led by Endiya Partners, with Capria Ventures participating, for reliable enterprise AI deployment.
Scimplify raised $25 million in a strategic round led by Hitachi Ventures, bringing financial and industrial investors into its chemicals business.
Urban Company reported ₹527 crore Q2 FY27 operating revenue and ₹182.5 crore net loss; its proposed ₹2,500 crore fundraise still needs approvals.
Infotech acquired SaaS startup Zluri for undisclosed terms; the Bengaluru business is to retain its engineering team as a standalone division.
Cult.fit received SEBI observations for its proposed IPO, including up to ₹950 crore in fresh shares; this milestone is not an IPO launch.
Swara Baby Products received SEBI approval for a proposed ₹1,000 crore IPO, split between ₹500 crore fresh shares and ₹500 crore offer for sale.
Marico acquired a further 24.09% of Plix parent Satiya Nutraceuticals for ₹1,012.03 crore, raising its ownership to 84.09%.
ITC acquired the remaining shares in Yoga Bar parent Sproutlife Foods for about ₹645 crore, making it wholly owned effective September 28.
