#Weekly_ Indian_ Startup_ Funding _Update
Kyro Capital Private Limited
1. Propelld, a fintech startup, raised $25 million in debt through its wholly-owned NBFC subsidiary, Edgro. The funding came from Credit Saison India, AU Small Finance Bank. This investment will fuel Edgro’s expansion and growth.
2. RED.Health, a healthtech startup in Hyderabad, raised $20 million in Series B funding led by Jungle Ventures. The funds will develop technology-driven solutions for the emergency value chain.
3. Dhaksha Unmanned Systems, a deeptech and dronetech company, raised $18 million led by Coromandel International, acquiring an additional 7% stake. The investment will support R&D, large orders, and working capital needs.
4. Niqo Robotics, a deep tech company specializing in IoT and hardware, raised $13 million in Series B funding led by Bidra Innovation Ventures. The funds will expand the team and focus on R&D.
5. Rupeek, a financial lending tech company raised $6.1 million, led by Blacksoil. The investment will be used for growth, expansion, and general corporate activities.
6. Celcius, a logistics and supply chain company, raised $4.7 million in pre-Series B funding led by IvyCap Ventures, Mumbai Angels. Funds will expand transportation, warehouse management systems, and enhance cold storage services.
7. Solarsquare, a cleantech and solartech company, raised $4.2 million led By Zerodha Technology. Funds will be used for expansion, working capital, and general corporate purposes.
8. 3SC, a logistics and supply chain-focused company, raised $4 million led by Gef Capital. The company aims to grow its AI-based SaaS business and expand operations.
9. Otpless, an enterprisetech and horizontal SaaS company, raised $3.5 million in pre-Series A funding led by SIDBI. Plans include global expansion and extending services beyond authentication into authorization.
10. Drinkprime, an e-commerce and D2C company, raised $3 million led by SIDBI Venture Capital. The funding will accelerate expansion and prepare for a Series B round, supporting geographic expansion and tech advancements.
11. Bimapay, a fintech and lendingtech company, raised $2 million led by LC Nueva Investment Partners. Aims to scale operations, enhance technology infrastructure, and expand to underserved markets.
12. Gramophone, an agritech and farm advisory company, raised $1.8 million led by Info Edge. Aims to reach a million farmers and build innovative tech products for individual farmer needs.
13. Infurnia, a real estate tech and services company, raised $1.2 million led by Yogesh Chaudhary, Coast to Coast, Greenply, and Ozone. Funds will be used for R&D.
14. Stylework, a real estate tech company for shared spaces, raised $0.12 million in Series A2 funding led by Bizdateup Technologies. Aims to expand co-working spaces in tier-1 Cities.
Feel free to reach out to us for fundraising solutions at aman@kyrocapital.in
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