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.
Plant-based food startup offering dairy-free alternatives using oats. The company has its own R&D and manufacturing setup, and is focused on the food service market - supplying plant-based dairy and frozen dessert products to corporate cafeterias, hotels and educational institutions, often in partnership with Compass Group and Sodexo. While B2B is the focus, it has expanded to D2C channels through premium retail outlets, experience centres and cloud kitchens. $1M Pre-Series A round. Founded in Oct 2022, Delhi based. Founders: Vedansh (Delhi College Of Arts and Commerce '23) was the founder of Finango (fundraising, compliance, ops for NGOs); Anagh just graduated from BITS Pilani with a BTech in Computer Science.
Back-office AI platform built for restaurant and retail brands. It works like an always-on digital teammate, automating messy operational and finance workflows tied to food delivery and in-store operations. The company works with restaurant brands such as Lazy Dog and Starbird. The US delivery market has $140B in annual revenues. $14M Series A led by Nyca Partners. with participation from Gokul Rajaram, Base10, Afore Capital, Converge, Alumni Ventures, Data Tech Fund, John Pepper, 9Yards Capital and Operators Studio. Founded in Jun 2022, SF/BLR based. Founders: Anand (BITS Pilani '12) is an engineer from Uber, Ather, Flipkart; Sundar (IIT Madras '17) is also from Uber and more recently ShareChat; Vinod (BITS Pilani '13) was at Google for seven years, most recently as Senior Manager for Webspam).
Nutritional products including multivitamin and probiotic mixes, as well as fiber supplements, for kids and adults. Retails D2C and through quick commerce and eCommerce. ₹25CR (~$2.2M) Pre-Series A extension led by RPSG, along with Sharrp Ventures. Other participants include Aashray Family Trust and angel investors Manmohan Singh, Srivar Harlalka, Narinder Sawhney This follows the Pre-Series A last April 2025, with $2M from RPSG, Sharrp, Multiply Ventures and ThinKuvate. Founded in Oct 2021, Bangalore based. Founders Amarpreet and Sahiba are married. Amanpreet (IIT-BHU '99; IIM Calcutta '01) is an ex-Diageo EVP (six years); Mondolez (heading chocolates category) and Cadbury (11 years); Sahiba is from Delhi University; no prior information on her background.
Athleisure brand selling premium, sustainable everyday apparel for fitness and life beyond the gym. Focused on Gen Z and millennial consumers (15-30 age group), the brand designs and manufactures its own range of leggings, joggers, tops and loungewear. The company is targetting ₹40CR by end FY26. ₹40CR (c. $4.4M) Series A round led by Sharrp Ventures with ₹21CR, along with V3 Ventures and existing investor Spring Marketing Capital who led the seed round with $1.14M in June 2024. Founded in Oct 2020, Bangalore based. The two founders, Ria (University of the Arts London '21) and Shreya (Warwick '24), are sisters and started out of college.
Advanced automotive drive systems for EVs, with a patented magnet-free Virtual Magnet motor architecture, which is powered by control algorithms and the latest in power electronics. The technology delivers superior performance while taking away dependence on rare earth minerals to produce magnets. Use cases across automotive, industrial and defence systems. $5M Series A. Founded in May 2024 under the Volektra brand. Founders: Manish (Master's from Univ. of Michigan '07; Kellogg MBA '20) has worked for about 18 years on product development in automotives (Konsberg Automotives; Ford; VW) Piyush ('04 Master's and '09 PhD from Illinois Institute of Technology) has worked for a similar period on electrical power systems (Woodward - aircraft electronics; PV Solar Inverter Systems; Danfoss Solar Inverters).
On-demand recycling platform for households and companies to arrange doorstep pickup of their e-waste, paper, metals, cartons, plastics, textiles and even end-of-life vehicles. It has recycled over 20 million kilograms of waste worth more than ₹45CR, has 350K app downloads and has completed 300K pickups. It contracts with 200 informal workers. ₹22CR (c. $2.2M) Pre-Series A round co-led by Orios and Acumen Fund. Other investors in the round: Upaya Social Ventures, Venture Catalysts, We Founder Circle, Soonicorn Ventures, Bharat Jaisinghani (Polycab). Featured on Shark Tank Season 2, has raised ₹3CR in a seed round prior to this round. Founded in Jul 2019, Delhi based. Founder Mukul (Indraprastha Institute of Information Technology '20) co-founded DroneMed (UAVs) in college before starting ScrapUncle.
Chain of clinics to address chronic pain - knee, back, shoulder and neck pain - which effect 20% of Indians. The clinics offer a combination of expert pain consultations, minimally invasive procedures, physiotherapy and guided lifestyle interventions. Clinics are in Delhi and Mumbai with satellite clinics in markets like Jaipur and Lucknow. They have completed more than 40,000 patient consultations and around 5,000 minimally invasive procedures so far. $7M Series A led by Sorin, along with existing investors W Health Ventures, Endiya Partners, Rebright Partners who led the $4.25M seed round in Feb 2025. Founders: Nivesh (UCLA '01; Wharton '10) previously built Medbay (fintech in healthcare space) and was COO at Ridge IVF; Vishwas (IIT Kanpur '06) is from ops roles at PayU, Shuttl, 1MG, HealthKart. Comps: FlexifyMe, OSSO.
Tax and advisory firm helping companies navigate regulatory, financial and cross-border challenges. The company works with businesses across India, the UAE and the US on areas such as international taxation, transfer pricing, M&A advisory, valuations and Global Capability Centre (GCC) setup. They have worked with more than 350 clients, including multinationals, PE owned companies and Indian conglomerates. Pre-Series A round of an undisclosed amount, co-led by Raju Menon (Kreston Menon Group in the UAE) and Suresh Katamreddy (Kastech Group). Founded in Jan 2018, Hyderabad based. Founder and CEO CA Mithilesh was previously in the transfer pricing and international taxation department at EY for seven years.
Manufacturer of rare earth metals and alloys that are used in high-performance permanent magnets across electric vehicles, wind energy, defence systems and advanced electronics. Setting up manufacturing facilities in Chennai for neodymium-praseodymium (NdPr) metal (which is a key material for advanced magnets) and bonded powder alloys. ₹50CR (c. $5.5M) Series A led by ZeroW - which is part of the Mekapati Family Office (from the infrastructure company, KMC Group). Has previously raised $12M from Social Capital in the US. Founded in 2020, Chennai based. Founders: CEO Simha (Western University, Cambridge MPhil, Wharton MBA) started out at Deutsche Bank and McKinsey, followed by JPMorgan. He was then GM for Consumer Electronics at Amazon, followed by President for Toys, Sports and Fitness at Sears Corp. No information publicly available on co-founder Nagarajan Mahadevan.
Unified finance and banking platform for mid-size businesses ($10-40M revenue scale). The platform takes care of 1) Billing - ensuring bills are pulled in from various sources (email, slack) and billing errors + tax compliance are automatically addressed, 2) Accounting - with AI replacing the need for large in-house teams and 3) Banking - payments automation. $3.4M Pre-Series A round co-led by Blume Ventures and Piper Serica. The round also includes existing investors Antler, Neon Fund, IIMA Ventures who were in the $2.8M seed round led by Blume in Feb 2025; as well as new investors Ikemori Ventures, Raise Financial Services, QED Innovation Labs. Founded in Oct 2023, Bangalore based. Founders Arpita and Mohit (both ABV-Indian Institute of Information Technology and Management) worked together on games and gamification at Flipkart. Mohit was a Director of Product; Arpita was Head of New Initiatives; as well as of Games and Gamification.