Indian Startups Raise $296M in Robust Week of Fundraising
In a week of robust fundraising activity, 18 Indian startups raised over $296 million between September 29 and October 4, 2025. This significant influx of capital was spread across various sectors, with notable deals in Luxury, NBFC, and Wellness.
Art of Time, a luxury watch retailer, led the pack with a $19.71 million raise. Meanwhile, Hiranandani Financial Services (HFS) secured $90 million in the NBFC sector. The week also saw several mergers and acquisitions, including TBO Tek's acquisition of US-based Classic Vacations and NRL Recycling Limited's acquisition of Tycod Autotech.
In the lending space, GrowXCD raised $22.53 million. Mobility startup iGoWise Mobility (iGo) raised $990,000 in a pre-Seed round, while AI-native debt marketplace Recur Club raised a substantial $50 million. Ayurveda wellness brand Kapiva also raised $60 million, contributing to the week's total.
The previous week saw over $160 million raised by Indian startups, with Cleantech startup Chakr Innovation raising $23 million alone. Despite the lack of information on fintech companies receiving investments exceeding $4 million during the recent week, the overall funding landscape remains vibrant and diverse, spanning sectors such as Wellness, Lending, NBFC, Luxury, Fintech, Deeptech, Mobility, Marketing, and NBFC.
The week of September 29 to October 4, 2025, witnessed a surge in funding for Indian startups, with a total of over $296 million raised. This demonstrates the continued growth and resilience of the Indian startup ecosystem, with investors showing confidence in a variety of sectors.
