This week, the funding spotlight was on deeptech, consumer brands, and healthtech startups.
ETEntrepreneur brings a roundup of key deals below.
Two Point O Capital raises $10 million led by Transition Venture Capital
Two Point O Capital, an AI-powered clean energy deployment platform, has raised $10 million in a funding round led by Transition Venture Capital, with participation from existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M. Reddy.
The company will use the fresh capital to expand into new asset classes, including battery energy storage systems (BESS), while strengthening its existing offerings in solar energy, energy efficiency and wastewater treatment.
Read the whole story here.
Clinics On Cloud raises $12.5 mn series A funding from Dubai-based investors
Healthtech startup Clinics On Cloud has raised $12.5 million in a series A funding round from Dubai-based investors through Model42, powered by Enlightened Minds Investments.
The company will deploy the fresh capital to strengthen its artificial intelligence-led healthcare capabilities, expand research and development, and scale its connected microclinic network.
Read the whole story here.
Upsurge India leads ₹50 crore secondary transaction in iD Fresh Food
Upsurge India has led a secondary transaction worth over ₹50 crore in iD Fresh Food, involving the transfer of about 1 per cent equity in the Bengaluru-based fresh-food company.
The transaction, co-led by Triumph Global Fund and White Whale Ventures, enabled early investor Blue Ashva Capital to exit its investment.
iD Fresh Food is also working towards a potential public listing, with the company having previously indicated late 2027 as a target, subject to market conditions and its ability to strengthen profitability.
Read the whole story here.
Multiples leads over $100 mn funding in jewellery brand GIVA
Multiples Alternate Asset Management has led a funding round of over $100 million, alongside its co-investors, in fine jewellery brand GIVA.
The latest funds will help the jewellery brand to strengthen its leadership team, build manufacturing capabilities, and expand its offline presence with more than 1,000 outlets over the next three to five years.
Read the whole story here.
Let’s Game Now closes ₹30 Cr funding backed by Anand Mahindra, Bestvantage
Let’s Game Now, an Indian gaming and e-sports company, has closed a ₹30 crore investment round backed by industrialist Anand Mahindra and Bestvantage Investments, with a significant portion of the funding coming from a UAE-based family office.
The company plans to use the investment to accelerate the development of the Indian Super Gaming League, a franchise-based gaming league combining competitive gaming, sports, entertainment and technology.
Read the whole story here.
PowerUp Money raises $10 mn from Flourish Ventures
Wealthtech platform PowerUp Money has raised $10 million in a funding round led by Flourish Ventures, with participation from existing investors Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC.
The Bengaluru-based startup will use the fresh capital to expand its AI-led wealth management solutions, scale its managed advisory business and make personalised financial planning more accessible to Indian investors.
Read the whole story here.
Sachin Tendulkar invests in Hitwicket maker Metasports Interactive
Sachin Tendulkar has invested in Metasports Interactive, the company behind mobile cricket strategy game Hitwicket, as a strategic investor.
The partnership will support the company’s ambition to take Hitwicket to 100 million downloads over the next three years. The company has not disclosed the size of Tendulkar’s investment.
Read the whole story here.
Peppermint Robotics raises ₹100 Cr pre-series B funding led by pi Ventures, Crane Venture Partners
Peppermint Robotics, a Pune- and Austin-based developer of autonomous cleaning robots, has raised ₹100 crore in a pre-series B round led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund.
The primary capital will be deployed across research and engineering, manufacturing expansion, international operations, market development and hiring.
Read the whole story here.
altM raises $10.3 mn series A funding led by Rainmatter, Mela Ventures
altM, a specialty chemicals startup converting agricultural residue into industrial materials, has raised $10.3 million in a series A funding round led by new investors Rainmatter by Zerodha and Mela Ventures.
Existing investors Omnivore, Theia Ventures, Aureolis Ventures and Spectrum Impact also participated, along with VC Grid and strategic angel investors.
The Bengaluru-based company will deploy the capital to expand its manufacturing capabilities, research and development, customer qualification programmes, and engineering and commercial teams as it moves from pilot-scale production towards commercial manufacturing.
Read the whole story here.
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