The top five funded Indian startups across various sectors have secured a combined total of over Rs 1000 crore in the past week, with leading investors backing companies in rural lending, electric mobility, semi-urban commerce, snacks, and fitness. This surge in investment highlights the growing diversity and potential of India's startup landscape.
SarvaGram Raised Rs 565 Crore in Series D
Pune-based digital lending startup SarvaGram has raised Rs 565 crore (approximately $68.07 million) in its Series D funding round, led by Peak XV Partners. The round also saw participation from existing investors like TVS Capital, Temasek, Elevar Equity, and Elevation Capital. SarvaGram aims to provide affordable credit to underserved rural populations, offering a digital-first approach to lending that is transforming financial access in India's hinterland. The funds will be used to scale operations and enhance SarvaGram’s technology platform to further its mission of financial inclusion. Avendus Capital served as the financial advisor for the round.
The ePlane Company Raises USD 14 Million In Series B For eVTOL Expansion
The ePlane Company, a pioneer in India’s electric vertical takeoff and landing (eVTOL) space, secured USD 14 million in its Series B funding round. The round was co-led by Speciale Invest and Antares Ventures, with additional backing from Micelio Mobility, Naval Ravikant, Java Capital, and others. This funding will help ePlane develop and scale its electric aircraft, positioning the company to become the largest-funded eVTOL player in India. With electric aviation seen as a promising solution for urban air mobility, ePlane’s innovations are set to disrupt the Indian transportation sector.
Wheelocity, Secures USD 15 Million In Extended Series A
Wheelocity, a semi-urban commerce platform focused on facilitating e-commerce in smaller cities and towns, has raised an additional USD 15 million in an extended Series A funding round, bringing the total Series A funding to USD 27 million. The round was led by Lightspeed, with participation from Alteria Capital, Anicut Capital, and the company’s founder. Wheelocity is capitalizing on the growing digital adoption in semi-urban areas, aiming to streamline supply chains and enhance access to a variety of products in regions that are often overlooked by traditional e-commerce giants.
Pantomath’s Bharat Value Fund (BVF) Invests Rs 2350 Million In Haldiram Bhujiawala
Kolkata-based Haldiram Bhujiawala, a leading player in the Indian snacks industry, has raised Rs 2,350 million through a private placement round led by Pantomath’s Bharat Value Fund. The fund has acquired a minority stake in the company, which retails its products under the brand Prabhuji. Haldiram Bhujiawala is poised to tap into the rapidly growing Indian snacks market, which is expected to nearly double in value by 2032, driven by product diversification, increasing demand for packaged foods, and the expanding reach of organized players.
Boldfit Raises Rs 110 Crore Series A with KL Rahul’s Backing
Fitness brand Boldfit, backed by cricketer KL Rahul, has raised Rs 110 crore in a Series A funding round led by Bessemer Venture Partners (BVP). The investment will support Boldfit’s product innovation, brand expansion, and efforts to cement its position as one of India’s leading fitness brands. With the fitness and wellness market in India experiencing rapid growth, Boldfit is well-positioned to capitalize on this trend, offering a range of fitness products aimed at both beginners and enthusiasts alike.
These substantial funding rounds reflect growing investor confidence in India’s diverse startup ecosystem. From digital lending and eVTOL technology to the booming fitness sector, these companies are poised to scale rapidly and create lasting impact across industries. With global investors continuing to pour capital into India’s entrepreneurial ventures, the country’s startup ecosystem shows no signs of slowing down.
