Startup Funding

Gurugram-based BatX Energies has closed a ₹105 Cr (~$11M) Series A round led by IvyCap Ventures, with participation from Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO. The capital will be deployed to expand recycling and refining capacity, bolster R&D, and accelerate development of a domestic supply chain for critical battery materials.

Serial entrepreneur Bhavin Turakhia has launched Neo, an AI-native enterprise work platform, committing $30 million of his own capital in a seed round announced on 2 July 2026. The Bengaluru-based startup aims to unify project management, documents, file storage, and AI execution into a single connected suite.

Finkurve Financial Services Limited (Arvog), a Mumbai-based tech-first gold loan NBFC, has raised ₹50 crore through a Non-Convertible Debenture (NCD) issuance from Franklin Templeton. The capital will be deployed to expand the company's lending business, strengthen its operational footprint, and enhance its technology-driven platform across India.

Mumbai-based Tulon Materials has closed a ₹10 crore seed round led by Karthik Sundar Iyer to accelerate its sustainable specialty chemicals and plastic waste upcycling platform. The R&D-led startup, founded in June 2022, targets applications in paints and coatings, printing inks, and adhesives.

Gurugram-based AI-native coordination startup Brekfuz has raised $525,000 in a Seed round led by Pear VC at a valuation of $7.5 million, as publicly reported on 2026-07-01. The capital will fund platform development and engineering team expansion as the company scales with early enterprise customers.

Dovetail Capital, a Mumbai-based independent asset-servicing firm, has raised ₹100 crore in a Series A round led by Elev8 Venture Partners. The capital will be deployed to accelerate the company's global business expansion.

Bengaluru-based D2C nutrition brand Supply6 has raised ₹48 Cr (~$5M) in a Growth Round led by Unilever Ventures, with participation from Zeropearl VC and actor-entrepreneur Kriti Sanon. The capital will fund product innovation, clinical research, supply chain strengthening, and expansion across D2C, marketplace, and quick commerce channels.

Mumbai-based Limelight Diamonds has closed a ₹275 crore strategic funding round led by its core promoters, the Bhathwari Group, with participation from jewellery industry strategic partners and franchise partners. The capital will be deployed toward vertical integration, manufacturing expansion, design innovation, and aggressive retail growth across India.

PlayBlue, a Bengaluru-based omnichannel multi-brand sports retail platform, has raised $2.7 million in a seed round co-led by Centre Court Capital and MIXI Global. The company plans to use the capital to launch physical retail stores and deepen its ecommerce presence across India.

BCT Ventures has raised ₹42 Cr in a seed round led by 3one4 Capital to build AI-native consumer brands, launching first in the nutrition and wellness segment. The company's three proprietary AI engines will drive product development, audience building, and growth at scale.

Noida-based healthtech startup Heatronics has raised ₹1.8 crore in a seed funding round led by Inflection Point Ventures. The capital will be deployed to strengthen marketing, upgrade manufacturing, and expand distribution of its medical-grade heat therapy devices.

PRISM, the parent company of OYO, has filed its Updated Draft Red Herring Prospectus with SEBI for a ₹6,650 crore fresh-issue-only IPO, with no offer-for-sale component. The filing marks a significant milestone in the Gurugram-based hospitality tech firm's long-awaited public market debut.