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.
Construction startup building modular, portable and reusable structures through a cloud manufacturing network of partner factories. It produces factory made low-rise structures including modular hospitals, schools, site offices and has delivered over 1,500 buildings in 21 Indian states and parts of Africa for clients such as the Indian Navy and Tata Steel in timelines of under 30 days. Cumulative revenue of ₹200CR since inception (FY25 not disclosed) and profitable. $7.83M Series A round, its first institutional round. The round also saw participation from SVAS Strategic Management, Sigma and angels Srinath Ramakkrushnan (Zetwerk), Sanjiv Rangrass (ex ITC). Founded in Aug 2018, Chennai based. Both co-founders, CEO Shree Ram and COO Gobinath were previously summer interns at Larsen and Toubro and started Modulus Housing straight after graduating from IIT Madras in 2018.
Helps digital neobanks, brokers and payment apps launch banking products quickly through a single API. Instead of integrating with multiple banks one by one, Blostem lets platforms offer fixed deposits, FD-backed credit cards and Credit-on-UPI through a single plug-and-play connection. The company already works with 10+ banks and NBFCs, and partners with leading fintech and brokerage apps to make retail banking products easier to access across India. Pre-Series A of an undisclosed amount, Raimatter gets a 9% stake. Founded in Apr 2022, Delhi based. Founders: Ravi was a Senior Consultant at PKC Advisory; Sandeep previously served as SVP at iServeU (banking infra provider); Uday is the founder of IT services firm Teknomatics.
Mumbai-based music licensing marketplace that offers brands, creators and content producers access to a library of over 12,000 copyright-cleared music tracks and sound effects. It combines AI-driven tagging, digital rights management (DRM) workflows and a transparent royalty sharing model to simplify licensing for creators, while also enabling musicians and labels to monetise their work more equitably. It has 30K creators and 180 B2B clients onboard, and has paid out ₹4.5CR in royalties so far. The startup is building partnerships across Bollywood, regional labels and international publishers. ₹4CR raised in the first tranche of a Pre-Series A. Founded in Dec 2021. Founders Gaurav and Meghna built Songfest, a creative agency, together. Meghna also earlier led marketing teams in several companies - HUBILO (the webinar platform), YesssWorks (coworking) and FundTonic.
Founded in 2019, Pidge was a relatively entrant to last mile logistics for Tier 1 India, yet is growing fast - 10x year on year. Gurgaon based, the platform connects its delivery fleets, gig riders, order tracking systems and analytics into a single stack, serving over 20,000 brands across 50+ cities. Now at an annualised ₹250CR revenue run rate. The new funding will help the company expand deeper into TierII/III markets, upgrade its AI capabilities and start international pilots. 120CR Series A round led by La Vida es Chula (LVEC), the family office of billionaire Thomas Meyer, founderf of spanish retailer Desigual. La Vida es Chula, incidentally, means "life is pretty" in Spanish. Founders: Ratnesh was the President & MD for international business at Whitbread (the owner of Costa Coffee and Premier Inn) before founding Pidge; CPTO Rushil worked as a consultant at Redbox Automated Retail (video rental and streaming) and ShopRunner (shipping service for brands).
As the name suggest, a platform for farmers to buy, sell, finance and insure tractors and other rural commercial vehicles via both digital and offline channels. It operates 75 COCO (company owned company operated) outlets across Rajasthan, MP, UP and Maharashtra. FY25 revenue: ₹106CR with a ₹9CR loss. Founded in Feb 2018. Its FinTech arm FINJ has disbursed ₹1,500CR in loans through partners, since it launched in Jan 2024. $17M Series A round along with $5M in debt led by Astanor (a global impact investing firm). Founders: CEO Rajat was previously a general manager at National Motors (a Mahindra Tractors dealership); COO Animesh had worked first as a business development manager at Mahindra Group and then as an Associate Director at CARS24. No background information available on the third Co-Founder & President Shivani.
Deep‑tech startup focused on underwater inspection. Born out of an NIT Rourkela student project in 2021, it develops remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs) that inspect infrastructure like dams, bridges, ports and support national defence surveillance. There drones are capable of reaching depths of 300m respectively, with clients such as the Indian Navy, Railway, Tata Steel etc. ₹5CR cheque from Piper Serica, following a ₹17CR Pre-Series A from MGF Kavachh and Pontaq. Founders: CEO Debendra and CTO Biswajit, turned their NIT Rourkela project into Coratia.
Full-stack, AI-driven supply-chain startup that helps D2C and enterprise brands manage inventory and logistics for both within India and abroad, with a unified platform. The company currently operates seven fulfilment centres covering over 29K pincodes, handles more than 300K B2C shipments, 700K marketplace orders and 5K quick commerce replenishments every month. $2.6M Pre-Series A round. Founded in June 2019. Founder and CEO Anshul was the Co-Founder of Woofbnb for six years - pet services at home; Co-Founder Prodipto Roy was a Founding Partner at Crimson Consulting (a Microsoft Dynamics Partner) and CEO of Delta Galil Textiles India (a global apparels manufacturer). He comes from KSA-Technopak.
Electronics manufacturing company handling everything from design to final delivery. Started in 2017, the company has grown from a small power-bank assembler into a full-scale electronics manufacturer in Mumbai, producing devices across audio (soundbars, speakers), charging equipment, IoT, surveillance, and renewable energy. $11M Series A comprising of a $7M tranche led by Cactus Partners in August and a subsequent $4M tranche this month from the Roha Family Office. Founders: Ishwar was a Senior Software Engineer at Atos Origin and business head at IoT Enterprises. ; Nikita previously held consulting roles at Tata Communications, Tech Mahindra and EY;
Wastelink is a Delhi-based clean-tech startup turning food surplus into reliable animal feed. Its proprietary product, ECOMIX, uses AI-powered processing and reverse supply chain tracking to transform FMCG leftovers into traceable, nutrient-consistent feed, helping farmers and feed manufacturers avoid price volatility while supporting over 38,500 animals each year. The platform serves more than 5,000 pincodes across India and has upcycled over 35,000 tonnes of waste so far. $3M Series A round led by Avaana Capital, with proceeds earmarked for scaling nationally, enhancing R&D, and expanding its technology platform. Co-founder and CEO Saket Dave leads vision and strategy, while Co-founder Krishnan Kasturirangan oversees technology and operations.
Brandworks Technologies is an electronics innovation and manufacturing company- handling everything from design to final delivery. Started in 2017, the company has grown from a small power-bank assembler into a full-scale electronics manufacturer in Mumbai, now producing devices across AI, IoT, audio, charging, surveillance, and renewable energy, all rooted in a strong “Make in India” focus. $7M Series A round led by Cactus Partners, with participation from Gujarat Venture Finance, Legacy Assets, and the Hira Group. Co-founder and Managing Director Nikita Kumawat leads design, innovation, and the vertically integrated production model. Co-founder Ishwar Kumhar drives strategy and growth, ensuring the team scales operations rigorously while pushing for global competitiveness and sustainability.