Startup Funding

Zetwerk Manufacturing Business Ltd has received SEBI's approval to proceed with its IPO, targeting a fundraise of up to ₹4,200 crore through a combination of fresh equity shares and an offer for sale by existing shareholders. The Bengaluru-based B2B contract manufacturing platform, founded in 2018, now moves closer to its public market debut.

Pune-based OneCard (FPL Technologies) is raising Rs 72 crore in a fresh Series D tranche led by Peak XV Partners, with participation from Z47, Hummingbird Ventures, and a cohort of angel investors, as publicly reported on 13 July 2026. This latest close is part of the company's ongoing Series D round and adds to a substantial equity funding history for the mobile-first credit card platform.

Mumbai-based thumpN has closed a $3.75 Mn pre-seed round led by VSS Investco, the family office of Paytm founder Vijay Shekhar Sharma, with music artists Arijit Singh, Sunidhi Chauhan, and Badshah also joining the cap table. The AI-native live entertainment discovery and ticketing platform officially launched on 6 July 2026.

BlackSoil, the Mumbai-based alternative credit platform, has acquired the solar financing business of Credit Fair in an undisclosed deal, marking its formal entry into India's renewable energy lending sector. The transaction, subject to regulatory approvals, transfers Credit Fair's management team, technology platform, brand, and ₹152.6 crore AUM to BlackSoil.

Global AI connectivity software leader Airties has entered into a definitive agreement to acquire Bengaluru-based broadband software startup Aprecomm in a deal aimed at accelerating expansion into high-growth emerging markets. Financial terms were not disclosed.

Nurix AI has acquired Bengaluru-based conversational AI startup Verloop.io for an undisclosed sum, combining voice and chat AI capabilities into a unified enterprise platform. The deal was announced on 9 July 2026.

New Delhi-based SAVE Microfinance has raised ₹40 crore in venture debt from Indian Overseas Bank and Northern Arc Capital to scale its microfinance operations. The round will strengthen the company's lending capacity and deepen outreach to underserved communities across India.

Gurugram-based EV mobility platform Milo Drive has raised $2.4 Mn in a Seed round led by Caret Capital, with participation from Antler India, Alteria Capital, IAN Capital, Climate Angels, and Aureolis Capital. The funds will support EV adoption and formalise employment opportunities for India's driver workforce.

Bengaluru-based deeptech startup eNLife Research has raised ₹6 crore in a seed round led by Piper Serica VC Fund to develop an AI-powered blood biomarker platform for early detection of Alzheimer's disease. The capital will fund R&D expansion, clinical validation, and a push to make neurodegenerative diagnostics affordable across India.

Nazara Technologies has received NCLT approval to formally withdraw its Scheme of Amalgamation with wholly owned subsidiary Paper Boat Apps Private Limited, ending a planned full integration. Paper Boat Apps continues to operate as a wholly owned subsidiary of Nazara, with no change in ownership structure.

The Competition Commission of India has approved upGrad Education's acquisition of Unacademy parent Sorting Hat Technologies in a ₹2,055 crore all-stock deal — one of the largest consolidation moves in India's edtech sector. The transaction, structured as a 100% share-swap, will see Sorting Hat Technologies merge into upGrad Education.

Bengaluru-based functional hydration startup Hydron has closed a ₹20 Cr Growth Round and simultaneously acquired alkaline ionised water company Zoss Water, gaining 100% ownership to accelerate its position in India's preventive healthcare and functional hydration market.