SERIES A TRACKER

Tracking Pre-Series A and Series A deals that close in India every week

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Links out to the the websites of the startup and its investors, along with LinkedIn profiles of the founders and fundraising news.

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.

Founders
March 6, 2026
Fundraise news
Investors
Wk 10 (2-8 Mar)

Clean-tech startup building a reusable packaging system for the food industry. The company replaces single-use containers with durable, traceable boxes that are collected, washed and circulated back into use. Designed for restaurants, corporate campuses and delivery platforms, InfinityBox’s containers can be reused hundreds of times, helping reduce packaging waste and the carbon footprint of food delivery. The company was at ₹17.8CR in FY25 revenue with minimal losess. ₹14.1CR Pre-Series A at ~₹87CR post-money, led by existing investor Rainmatter, along with existing investors AAR EM Ventures, Capital-A, and Dhyanesh Shah. Founded in Feb 2019, Bangalore based. Founders: Shashwat (IIT Kharagpur '19) started this part-time out of college, spent a year each at McKinsey and advisory firm SAGANA before shifting focus to InfinityBox; along with fellow alum Keshav who is IIT Kharagpur '22).

Founders
March 5, 2026
Fundraise news
Investors
Wk 10 (2-8 Mar)
Mar 2

The scale of quick commerce in India is immense and has become table stakes for brands. This platforms runs their QC operations for them - it manages the backend infrastructure for rapid delivery, including dark store operations, inventory management and last-mile logistics. Positioned as an operational backbone, it enables brands to scale on QC without building the supply chain themselves. $8M Series A ($2M of which is venture debt) led by Prime , along with existing investors Shastra VC, Antler and Gemba who invested $3M in seed in Sep 2025. The company operates in six cities, operates 80 dark stores and manages 1.8M orders a month. Founded in Jan 2024, Mumbai based. Founders: CEO Sumit (BIT Sindri '03; SP Jain '10) was National Sales Head at Ola (six years) after 13 years across sales, marketing and engineering at Tata Motors + Jaguar Land Rover. He had a brief stint at ApnaKlub, where his co-founder Rupesh (Savitribai Phule Pune University '05; IIM Kozhikode '10) was Head of Product. Rupesh spent close to a decade as a Portfolio Manager and equity analyst at Goldman Sachs Asset Management. The company's other co-founders include Nikesh (Bombay College of Pharmacy '11; K J Somaiya Institute of Management '13) who was a Product Lead at Yes Bank and Regional Lead at Ola; and Mohsin (Univ. of Mumbai '05; Welingkar Institute of Management '17) who was at Meru for a decade and at Ola for seven (senior manager for Mumbai).

Founders
March 2, 2026
Fundraise news
Investors
Wk 10 (2-8 Mar)
Feb 28

Defence deep-tech company building signal processing systems for next-generation electronic warfare and communication payloads across platforms, including drones, ground systems, naval vessels and satellites. The company leverages advanced in-lab modelling and simulation to reduce reliance on flight testing, enabling faster iterations. $20M Series A funding round led by General Catalyst along with 360 One Asset Management and existing investor Pravega Ventures (who led the Pre-Series A in Jan 2025). Founded in Nov 2017, Hyderabad based. Founders: CEO Satya (BITS Pilani '07) was at National Instruments in Hyderabad for a decade (most recently as Strategic Sales Manager); CTO Avinash (Padmasri Dr B V Raju Institute of Technology '12) was a Director at Encore Techno Systems.

Founders
February 28, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)
Feb 26

Acess control company replacing traditional keycard systems with wireless, cloud-based, smartphone-enabled entry solutions. Its platform allows users to unlock doors using their phones. Serving offices, tech parks, co-working spaces. India is the largest market with 500 customers, along with 100 customers in the US and 10-15 in the Middle East. Design is in-house, manufacturing via contract manufacturers in Gujarat/TN. $8M Series A led by Accel, along with Enrission India Capital, SucSEED Ventures, Alumni Ventures, Chakra Growth Fund. Founded in Jan 2020, SF and Bangalore based. Founders: CEO Rohin (Goa College of Engineering '01; UT Dallas MBA '12), ex Nokia and Broadcom; and CTO Malcolm (also Goa College of Engineering '01), ex-TCS (12 years), built Mrinq Technologies (wireless product development and technical consulting company) together.

Founders
February 26, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)

MSME lending platform providing credit to micro and small enterprises, particularly self-employed entrepreneurs. ₹110CR Series A led by Peak XV Partners. Prayaan Capital was founded in 2018, and recently acquired by Rangarajan Krishnan, who was previously the Joint Managing Director & CEO of Five Star Business Finance Limited. Co-Founders: CEO Madhan was previously the head of small business banking at RBL Bank; CHRO Akash was previously the head of human resources at RBL Bank.

Founders
February 26, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)
Feb 26

Debt relief and financial wellness platform helping individuals regain control of their finances. The company provides structured guidance and support to people navigating unsecured debt, with a focus on restoring long-term financial stability. Manages more than 120K active accounts and ₹3,200 in debt under management. ₹60CR (c. $6.6M) Series A led by Aavishkaar Capital, along with existing investors Sorin Investments, Piper Serica, Sattva Ventures. Founded in May 2020, Gurgaon based. Founders: CEO Ritesh (NIT Bhopal '96) was previously the CEO of Elitify.com; CTO Alok (Maulana Azad National Institute of Technology '96; IIT Madras '00) was was a senior engineering manager at eBay before building IOO Labs (data analytics provider); CFO Mohit (ISB '13) was AVP for corporate development at Zomato.

Founders
February 26, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)

Export focused marketplace, offering engineering and precision manufacturing. The company operates as a single point of contact manufacturing partner for complex industrial requirements sourced from India and South East Asia by clients from a dozen countries including the US and UK. It has worked for more than 22 global enterprises and with over 300 suppliers. $6.6M Series A led by Z47, along with Nexus, AdvantEdge Founders, Stride Ventures. $3.5M seed led by Z47 and Nexus in Aug 2023. Founded in Mar 2023, Gurgaon based. Founders: CEO Karan (Delhi Univ. '08; Stanford '19) was previously the Director of BD and Strategy at Zume Inc (the American food packaging company which started out with pizza-making robots); co-founder Himanshu (IIT Kharagpur '13) was Senior Manager of Technology and Operations at Zume.

Founders
February 25, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)
Feb 24

Next-generation electrolyzers for green hydrogen production. The startup has developed a patented, membrane-less architecture designed to lower manufacturing costs and reduce system complexity, making hydrogen production more efficient and scalable. ₹28CR Pre-Series A from HDFC Bank and Mitsui Sumitomo Insurance. Existing investors Aavishkaar Capital, Peak XV Partners, Speciale Invest and Micelio Fund also participated. Founded in Aug 2020, Bangalore based. Both co-founders, Prasanta (SRM '11; Univ. of Manchester '12; Université Grenoble Alpes Ph.D. in Fluid Mechanics, Energy and Process Engineering '19); and Rochan (KU Leuven Master's; Eindhoven University of Technology PhD in Engineering Physics/Applied Physics) were part of the Entrepreneur First 2020 cohort and started out soon after their PhDs.

Founders
February 24, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)
Feb 24

Fabless semiconductor startup building ultra-efficient AI compute hardware. The company is developing an analog, in-memory AI System-on-Chip integrated with optical interconnects to significantly reduce energy consumption compared to conventional digital accelerators. Headquartered in Singapore with R&D in Bengaluru, founded in Jun 2024. $1.8M Pre-Series A funding led by Bluehill.vc & a99. Founder & CEO Saravana (Anna University Chennai '08; Ulm University '16) was previously the CTO at EMTensor Inc. (electromagnetic brain imaging) and is ex-Qualcomm.

Founders
February 24, 2026
Fundraise news
Investors
Wk 9 (23 Feb-1 Mar)

Seed deals that closed each week, every Monday morning.

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