Mintoak Raises ₹80 Cr Venture Debt from BlackSoil to Fund ICC Loyalty Acquisition
Mumbai-based fintech SaaS startup Mintoak has secured ₹80 crore in venture debt from alternative credit platform BlackSoil to finance the debt component of its acquisition of Dubai-based loyalty and rewards technology company ICC Loyalty. The deal expands Mintoak's banking partnerships to over 50 institutions across more than 20 countries.
HomeRun Raises $12M Series A+ Led by Nexus Venture Partners to Scale Construction Materials Quick Commerce
HomeRun, a Bengaluru-based quick commerce platform for construction and interior materials, has raised $12 million in a Series A+ round led by Nexus Venture Partners. The round also saw participation from existing investors Sorin Investments, Titan Capital, Sparrow Capital, and Consumer Collective by Atrium.
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Mumbai-Based Mintoak Acquires Dubai’s ICC Loyalty to Build Unified Payments & Engagement OS for Banks
Mumbai-based fintech Mintoak has acquired Dubai-headquartered ICC Loyalty, expanding its payments and engagement operating system for banks across the Middle East, Africa, Eastern Europe and Asia. Financial terms of the deal were not disclosed.
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Profound Raises $1.5M Seed Round Led by Stellaris Venture Partners and 3one4 Capital to Build AI Rep for Every Professional
Bengaluru-based AI startup Profound has raised $1.5 million in a seed round led by Stellaris Venture Partners and 3one4 Capital. Co-founded by former Swiggy and Zomato executives Anuj Rathi and Prashant Parashar, the platform aims to give every professional their own AI-powered representative.
Legal AI Startup NYAI Raises $1.5M Seed Round from Indian Family Offices
Pune-based legal AI startup NYAI has closed a $1.5 million seed round led by a consortium of prominent Indian family offices, with participation from strategic angel investors. The capital will be directed towards technology development, expanding its Indian legal corpus, and accelerating enterprise deployment.
MV Electrosystems Raises ₹290 Crore via BSE/NSE Mainboard IPO
MV Electrosystems Limited has launched a ₹290 crore mainboard IPO on BSE and NSE, open from July 30 to August 3, 2026, priced at ₹400–₹425 per share. The Faridabad-based railway electronics firm plans to deploy the proceeds towards long-term working capital and in-house R&D.
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Rize Raises $31M Series B Led by BNP Paribas AM Alts to Scale Sustainable Rice Farming Across Asia
Singapore-headquartered agritech startup Rize has closed a $31M Series B round led by BNP Paribas Asset Management Alts to expand its low-emission rice farming platform across Southeast Asia. The round comprises $20M in equity and $11M in debt, bringing the company's total funding to $47M.
PhysicsWallah Pays ₹71.81 Crore to Raise Sarrthi IAS Stake to 51%, Secures Majority Control
PhysicsWallah has paid ₹71.81 crore to raise its stake in UPSC coaching platform Sarrthi IAS from 40% to 51%, making it a subsidiary. The deal, the second tranche of a multi-year acquisition agreement, was announced on 16 July 2026.
Scimplify Set to Raise ₹181 Crore Series C Led by Hitachi Ventures at Over 2X Valuation Jump
Bengaluru-based specialty chemicals startup Scimplify is set to raise ₹181 crore in a Series C round led by Hitachi Ventures, marking a valuation jump of over 2X from its previous round. Existing backers 3one4 Capital, Accel India, Omnivore Capital, and Bertelsmann Nederland are also participating.
SwitchOn Raises $8M Pre-Series B Round Led by IvyCap Ventures to Scale Physical AI Manufacturing Inspection Globally
Bengaluru-based Physical AI startup SwitchOn has raised $8 million in a Pre-Series B round led by IvyCap Ventures, with participation from SIG Tattva and Trifecta Capital. The capital will fund international expansion and next-generation Physical AI research and development.
Groyyo Raises ₹90 Cr First Close of Series B Led by Cornerstone Ventures to Scale AI-Driven Fashion Supply Chain Platform
Gurugram-based AI-driven fashion supply chain startup Groyyo has raised ₹90 crore in the first close of its ₹200 crore Series B round, led by Cornerstone Ventures. The fresh capital will be deployed to expand its manufacturing network, strengthen AI capabilities, and deepen its global presence.
Quick Clean Raises $14M Series B Led by Stakeboat Capital to Scale Institutional Laundry Infrastructure
Gurugram-based institutional laundry infrastructure company Quick Clean has raised $14 million in a Series B round led by Stakeboat Capital. The capital will fund AI-led operations, automation, and expansion across India and international markets.
Reo.Dev Raises $11.3M Series A Led by Elevation Capital to Scale AI-Native GTM Platform for Engineering-Led Sales
Bengaluru-based AI-native GTM platform Reo.Dev has raised $11.3 million in a Series A round led by Elevation Capital, bringing its total funding to $15.3 million. The capital will fuel frontier AI development, an expanded AI agent roadmap, and US market growth.
Naturis Cosmetics Raises ₹100 Crore Growth Round Led by Sharrp Ventures
Mumbai-based Naturis Cosmetics has closed a ₹100 crore maiden institutional growth round led by Sharrp Ventures, with participation from Mirabilis Investment Trust, Anicut Capital, Niveshaay, and angel investors. The capital will fund a new 225,000 sq ft manufacturing facility in Vapi, a Mumbai R&D centre, and category expansion across India's fast-growing beauty and personal care sector.
NapTapGo Raises ₹8 Cr Seed Round Led by Inflection Point Ventures to Expand Pod Hotel Network
Noida-based pod hotel startup NapTapGo has raised ₹8 crore in a seed round led by Inflection Point Ventures. The company will use the capital to expand its capsule-stay network across India through a co-investment model with local partners.
KuhlTherm Raises $1.1 Mn Seed Round Led by Arkam Ventures to Scale Liquid Cooling for AI Data Centres
Ahmedabad-based precision liquid cooling startup KuhlTherm has raised $1.1 million in a seed round led by Arkam Ventures. The capital will accelerate product development, R&D, and team expansion as the company scales its cooling solutions for AI data centres and high-performance computing infrastructure.
Mandrake Bio Raises ₹16 Cr Pre-Seed Led by Activate & Antler to Build AI-Designed Gene-Editing Enzymes
Bengaluru-based foundational protein design startup Mandrake Bio has raised ₹16 crore in a pre-seed round co-led by Activate and Antler, as publicly reported on 2026-07-16. The capital will advance its AI-driven platform for designing programmable gene-editing enzymes for agriculture and healthcare applications.
Aina Raises $5.5 Mn Seed Round Led by Redstart Labs and 360 ONE Asset to Build AI-Era Hardware Interface
Bengaluru- and San Francisco-based AI hardware startup Aina has raised $5.5 million in a seed round co-led by Redstart Labs (Info Edge) and 360 ONE Asset to develop a general-purpose, context-aware interface for the age of AI — going beyond touchscreens and keyboards. The round drew participation from institutional investors and a high-profile roster of angel investors from India's startup ecosystem.
