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.
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).
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.
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.
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.
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.
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.
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.
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.
Oncology care centres focused on delivering advanced cancer treatment with a personalised approach. The company operates four centres in Delhi NCR, and combines evidence-based therapies and experienced oncologists with dedicated care coordinators who guide patients from diagnosis through recovery. ₹27CR Series A led by Sky Impact Capital, along with Huddle Ventures, Lotus Herbal Group, SteerX and Tremis Capital. Founded in Oct 2023, Delhi based. Founders: Deepak (NIT Warangal '13; MDI Gurgaon '17) was previously a GM at Pristyn Care and built out the IVF category; Amar (NIT Karnataka '13; IIM Kozhikode '17) was previously the head of central supply for the hospital partner network at Pristyn.
Functional, multi-category, kids essentials for everyday use. The company focuses on bento boxes, insulated food jars, lunchboxes. Expanding into bags and water bottles. ₹36 annualised revenue, with ₹100CR targetted for FY27. $2M Pre-Series A led by Prime Venture Partners, with continued participation from Appreciate Capital and IIMA Ventures. Founders: Harini (INSEAD '19) was a product manager at Amazon and Johnson & Johnson; Mahesh (IIMA ‘08) was previously a country manager at Rapyd (fintech), GM at Uber and Country Head for Singapore at OYO.