Startup Funding

Cult.fit has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO comprising a ₹950 crore fresh issue and an Offer for Sale of up to 17.86 crore equity shares by existing shareholders. The Bengaluru-based fitness and wellness platform proposes to list on both BSE and NSE.

Stylework, the Gurugram-based flexible workspace and SaaS aggregation platform, has raised $1 million in the second close of its pre-Series B funding round, led by Auxano Capital, as publicly reported on 7 July 2026. The round also saw participation from marquee family offices, institutional investors, and HNIs.

Pune-based sustainable industrial packaging startup Econovus Packaging has raised ₹40 crore in a Pre-Series A round led by Rainmatter (Zerodha), with participation from Rockstud Capital. The capital will fuel the company's expansion into high-growth industrial sectors including automotive, defence, and clean energy.

Noida-based D2C footwear brand Fizzy Goblet has secured a strategic investment from actor Kareena Kapoor Khan, formalising a relationship that began organically in 2014. The investment amount has not been publicly disclosed.

Blurgs AI, an IIT-Madras alumni-founded deep-tech startup, has raised $2.2M in a Seed round co-led by Pravega Ventures and Shastra VC to accelerate global expansion of its AI-powered intelligence platforms for defence, national security, and commercial maritime sectors. The round also saw participation from prominent angel investors with backgrounds in India's startup ecosystem.

Bengaluru-based AI startup Alchemic has raised ₹2.5 Cr in a pre-seed round led by AJVC, with participation from angel investors. The company builds AI agents that automate the end-to-end customer research process for enterprises.

Bengaluru-based Physical AI startup Mowito has raised $3 million in a pre-seed round led by Version One Ventures to scale AI foundation models for industrial robot arms. The round also drew participation from All In Capital, Unisol, iSeed, and prominent angel investors.

Consumer rewards startup Onpoint has raised $600,000 in a pre-seed round co-led by First Cheque (IndiaQuotient) and Whiteboard Capital, with participation from former Meta and Google directors and Kellogg School of Management alumni. The India-based, payment-agnostic platform lets everyday consumers earn and redeem rewards across hundreds of brands, travel programmes, and loyalty ecosystems.

Elevate Education (formerly Sunstone) has raised ₹170 crore in a Series D round led by WestBridge Capital to expand its AI-powered higher education platform across India. The Gurugram-based company targets ₹300 crore in revenue and profitability by FY27.

Delhi-based D2C dairy and daily-essentials brand Doodhvale Farms has raised $1 million in a Bridge Round from existing investor Atomic Capital Fund I. The capital will be deployed across market expansion, channel penetration, product innovation, and AI and technology investment.

Science-led skin health startup Neothera has raised ₹9 crore in a pre-seed round led by Blume Ventures, with participation from Barbershop Fund, Consumer Collective, Veltis Capital, and several marquee angels. The funding, secured at the idea stage, will power the company's technology platform, product expansion, and clinical team as it builds a root-cause approach to chronic skin conditions in India.

Nikhil Kamath's media and venture platform WTF has acquired Mumbai-based independent creative agency BTG (By The Gram), marking its second acquisition in the creative services space. The deal gives BTG access to WTF's capital, network, and distribution infrastructure while it continues to operate independently under its existing founders.