Series A Funding

PowerUp Money, a mutual fund advisory wealthtech platform, on Monday said it has raised USD 12 million (about Rs 107.4 crore) in a Series A funding round led by Peak XV, with participation from existing investors Accel, Blume Ventures, and Kae Capital. The funding comes just six months after the company raised USD 7.2 million in seed funding. With the latest funding, PowerUp Money intends to enhance its research and advisory offerings, expand its flagship offering PowerUp Elite, introduce PowerUp Infinite (a fully managed investment advisory product offering), and allocate resources toward financial literacy and investor education, according to a company statement. Over the next three years, the company targets onboarding 10 million users to further cement its position in shaping the future of retail wealth management in India. "This fundraise enables us to strengthen our advisory and research capabilities, scale PowerUp Elite, and launch PowerUp Infinite, as we work towards buildi

The deep-tech-focused venture firm plans to raise ₹1,400 crore for its second growth fund to back companies from Series A, betting India's ecosystem is shifting from research to execution

Right4Paws also plans to onboard specialised talent, introduce new product categories across functional and life-stage nutrition, and expand its distribution footprint across Indian markets

The fast-growing haircare brand plans to expand product development and distribution as demand rises for India-specific, salon-grade formulations

Chennai-based Sisir Radar has raised $7 million in a Series A led by 360 ONE Asset. It is targeting India's first private L-band SAR satellite launch by 2026 for 24/7 imaging

Elecbits has raised $5.5 million in a Series A round led by Nexus Venture Partners, with SE Ventures and Riverwalk Holdings, to scale its AI-powered Elecbits XOR platform

Mirana Toys has secured ₹57.5 crore in Series A funding to set up a new factory, expand design and sales teams and meet rising domestic and global demand for smart and educational toys

The company raised the funds at a valuation of Rs 1,000 crore, which will help it expand its network of fertility specialists, invest in technology, and deepen clinical capabilities

Mem0 aims to become the default memory layer for AI agents and large language models with fresh funding led by Basis Set Ventures

Bengaluru-based fintech will use the funds to deepen its AI-led credit health offerings, scale its marketplace, and grow its product and tech teams

Gold savings app Gullak secured $7.5 million in Series A funding led by Chiratae Ventures to expand into smaller cities, boost brand presence and deepen jeweller tie-ups

The newly raised capital will primarily be used to expand manufacturing capacity, accelerate international growth, and backward integration

Bengaluru-based firm will use investment to improve its software platform and expand in global markets

Quick commerce platform FirstClub raised $23 million in Series A led by Accel and RTP Global, valuing it at ₹1,050 crore, with plans to expand clubhouses and categories

Bengaluru-based AI entertainment firm to invest in core tech and product innovation as DashReels crosses five million downloads in a month

Premium electric motorcycle manufacturer Ultraviolette on Tuesday said it has secured USD 21-million in a funding round with strategic investment from deep tech investor TDK Ventures. TDK Ventures is the corporate venture capital arm of Japanese firm TDK. "The investment round of USD 21-million saw strategic participation from TDK Ventures and strong continued backing from existing investors Zoho Corporation and Lingotto (previously Exor Capital) among other leading institutional investors," Ultraviolette said in a statement. Other investors in Ultraviolette include Sriharsha Majety (co-founder & CEO, Swiggy), Ankit Nagori (co-founder, Cure Foods; former Chief Business Officer, Flipkart), Aprameya Radhakrishna (Co-founder, TaxiForSure), and actor Dulquer Salmaan, the company said. The partnership with TDK Ventures represents a pivotal step in Ultraviolette's mission to develop and scale globally competitive performance-oriented EVs, it stated. "We look forward to bringing our TDK

B2B quick commerce platform to enhance tech infrastructure, widen Delhi NCR reach, and onboard more direct-to-consumer and regional brands with fresh funding

TurboHire plans to strengthen product capabilities and expand its global reach after securing $6 million in Series A funding led by venture capital firm IvyCap Ventures

EVeez secures $5.4 million in Series A funding to scale its electric two-wheeler subscription service, targeting gig workers across India

Shark Tank India-backed ice pops brand Skippi secures ₹12 crore to drive growth, expand in the Middle East and strengthen leadership as it eyes ₹100 crore valuation