Tracking Pre-Series A and Series A deals that close in India every week
Links out to the the websites of the startup and its investors, along with LinkedIn profiles of the founders and fundraising news.
Alcobev brand offering low-calorie, zero-sugar hard seltzers as an alternative to beer and cocktails. With a 6% ABV and a light, balanced taste profile, it targets young consumers looking for easy, session-friendly drinks. The brand offers "fruit forward" flavors, e.g. lemon, peach, and berries. Pre-Series A round of an undisclosed amount from The Chennai Angels, along with existing investors including Mumbai Angels, Chandigarh Angel Network, ah! Ventures, and other angels. Founded in 2020, Noida based. Founders: CEO Ruchi (VIT '10, IBS Hyderabad '12) was previously a brand manager at Apppl Combine for less than a year, before which she was a director at BREWINK for 3 years; no previous work experience publicly available for Gaurav (Delhi College of Arts and Commerce '12).
Direct-from-origin food brand, which sources single-origin, natural products directly from farmer producer organizations across India. It connects consumers to authentic, region-specific produce while ensuring better price realization for farmers. The company has scaled to over 100 SKUs across 12 categories, partnering with 25 farmer enterprises and reaching nearly 50,000 farmers across nine states. Sold D2C, via e-commerce and quick commerce, and through select retailers in Delhi NCR. ₹34CR funding led by NABVENTURES through the AgriSURE Fund. Founded in Oct 2023, Gurgaon based. Founders: CEO Nitin (Institute of Rural Management Anand '01, Cornell University '03) was the head of business development at FarMart for a year, before which he was the head of e-marketplace at Innoterra; Manoj (University of Lucknow '01, IRMA '04) was the project lead at the Foundation for Development of Rural Value Chains for four years, before which he was the national sales head at Mount Meru Group for two years; Vaishali was the head of accounts and finance at SEWA GRIH for three years, before which, she was the CFO at Karina Fincap for two years.
Skincare brand, now entering new segments like body and hair care. Revenue was ₹72CR in FY26, up from ₹5CR in FY24, registering 14x growth in two years. The company bridges traditional global beauty rituals (especially from Japan) with modern scientific formulations. ₹34.6CR Series A led by Unilever Ventures, with participation from ICMG Global Ventures II. Unilever Ventures invested $2M in 2024. Founded in Jan 2023, Mumbai based. Founder and CEO Niharika (LSE '12) was previously the Founder of Sugarbox (theme based gift boxes) for eight years.
Fresh food platform offering fruits, vegetables, and ready-to-cook meal solutions. It focuses on providing clean, high-quality produce while simplifying healthy eating. Operates in 50 cities and on six quick commerce platforms which comprise over 60% of business. ₹85CR in revenue in FY25. $10.8M in a funding round from existing investor Euro Gulf Investment. Exponentia led the $5M seed round in 2022. Founded in Aug 2021, Mumbai based. Founder & CEO Pratik (Guru Gobind Singh Indraprastha University '04, IMT Ghaziabad '08) was the Founder of Wadi.com (online groceries) in the UAE. Wadi.com raised $97M and was acquired by Carrefour (Majid Al Futtaim). He was subsequently global head of digital and e-commerce at Marico.
Mass premium whiskey distillery which retails it Himalayan-origin flagship brand Woodsmen Whiskey. The goal is to move beyond the traditional Indian Made Foreign Liquor (IFML) narrative in Indian whiskeys, with three "expressions" (i.e. distinct bottles) - Extra Smooth, Black Barrel and Mountain Whiskey - in the c. ₹1,000 price range. The company has reached ₹100CR in annualised revenue. ₹11CR Series A1 round led by DA Group India, with 10 existing investors including Nikhil Vora (Sixth Sense Ventures), Chaitanya Rathi (ex Sula Vineyards), and the company's management team. Founded in Jan 2016, Delhi based. Founder Shivam Ginglani (Delhi Univ. '12; Alliance Manchester Business School '13) spent two years after business school understanding the Indian spirits industry before starting up.
QSR brand focused on bubble tea and Korean street food, across 95 outlets. The company is expanding in Tier 1 and select Tier 2 cities, and also has a packaged snack offering available omnichannel/on quick commerce. Revenue has grown from ₹5CR in FY24 to ₹30CR in FY25 to an estimated annualised ₹100CR in the next two months. ₹40CR round led by existing investors 8i Ventures, Titan Capital Winners Fund and Global Growth Capital, with participation from BIG Capital and angel investors. This follows on a Series A raised 12 months ago. Founded in Oct 2023, Bangalore based. Founder Dhruv (Western Sydney Univ. '17; The University of New South Wales MBA '22) built Grabox, a data driven sampling platform in Australia, before joining acquirer GBR Technologies, where he built their global QSR chain Geezy.
Men’s skincare brand. The company targets common concerns such as acne, pigmentation, oil control and hydration. Products are made with clinically proven ingredients including niacinamide, salicylic acid, kojic acid and hyaluronic acid. Marketing, branding and comms managed by Mumbai based Lap Ventures. ₹4CR Pre-Series A funding led by Resolute Ventures. Founded in Dec 2022, Bangalore based. Founders: CEO Shriyash Jichkar (IIT Guwahati '08; IIM Bangalore '13) was the founder of upskilling company Jichkar Academy of Digital Skills, and of marketing consultancy Ecommasters; actor Tiger Shroff (40M IG followers) is a co-founder and the brand’s face.
Toy manufacturing company. Its consumer brand 'Chanak - the Smartest Kid', develops toys designed to support early childhood development, which are sold through 150 distributors, 15K retailers and exported to 12 countries. It has 280 products including plastic, die-cast, electric, STEM, silicone, wooden and ride-on toys. Current revenue scale undisclosed, it closed FY25 with ₹68.6CR. ₹36CR round led by GVFL, along with the founders' friends and family. Founded in Jan 2014, Rajkot based. Founders: Subhash is from The Maharaja Sayajirao University of Baroda and IIM Ahmedabad; Arvindsinh is from Gujarat University.
Streetwear brand targeting Gen Z and millennial consumers. The label focuses on oversized silhouettes and graphic-led apparel, such as t-shirts, hoodies and co-ord (two piece) sets. Positioned around accessible, trend-driven fashion, Bonkers blends street culture with pop-culture influences like anime, and characters from Marvel and Disney. It did ₹123CR in FY25 with a ₹4CR profit. This is a $10.5M Series A at a c. $48M post-money valuation, led by India SME Investment Fund, with participation from Radhakrishna Ramnarain, Namita Thapar (who invested in the company via Shark Tank Season 5) and over 20 other angels. Founded in Jan 2018, Mumbai based. Founder Shubham was just starting college when his father's longstanding textile business faced bankruptcy. Brand Bonkers was then started out of economic necessity. Within the fashion business, over-sized is on trend, as seen with MyDesignation which raised a ₹40CR Series A led by RPSG Capital Ventures two weeks ago.
Fashion label with culturally inspired apparel. The brand focuses on distinctive shirts (think "Starry Night" on a shirt), polos and jackets, with oversized silhouettes. Sold D2C and through an expanding retail presence in Bengaluru, Kochi, Thiruvananthapuram and Calicut for now, with eight new stores opening this year. ₹40CR Series A led by RPSG Capital Ventures, along with existing investors Veltis Capital, Multiply Ventures, Dominor Investments. Founded in Jan 2017, Kerala based. Co-founders Swaroop (VIT) and Gopika (Mar Baselios College of Engineering) started almost straight out of college.