Jumbotail, a B2B marketplace and new retail platform, has raised $120 million in a round led by SC Ventures, catapulting the startup into unicorn status and solidifying its dominance in SME commerce, embedded fintech, and wholesale grocery solutions. This investment, with participation from existing backer Artal Asia, brings Jumbotail’s total funding to $263 million. Though the Bengaluru-based company has not confirmed its valuation, estimates suggest it now exceeds $1 billion, placing it firmly in unicorn territory. “This is a transformative moment in our journey,” said Ashish Jhina, co-founder and chief...

Infra.Market, India’s fast-growing building materials platform, has secured a fresh $150 million financing from Mars Growth Capital, further bolstering its Series D fundraising, construction sector outreach, and overall retail expansion ambitions. Infra.Market received $150 million in financing from Mars Growth Capital, a joint venture between MUFG Bank and Liquidity Group. The deal extends a previously arranged $100 million facility by five years and adds a top-up of $50 million. This financing follows a successful $125 million Series D round led by existing investors, including Tiger Global, earlier this year. In...

Lab-grown diamond brand Aukera has raised $15 million, attracting Peak XV Partners as the lead investor in a round that includes continued support from Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital. The Bengaluru-based startup, which focuses exclusively on lab-grown diamond jewellery, plans to use this funding to accelerate its retail expansion, bolster product innovation, and intensify design and marketing efforts. Aukera stands apart in India’s growing lab-grown diamond market by offering IGI-certified stones, bespoke customization services, and a curated mix of modern and traditional jewellery. With 13 company-owned...

Affordable internet provider startup Wiom Internet has raised $40 million in funding from Accel, Bertelsmann India Investments, and Prosus, furthering its mission to provide low-cost connectivity to non-metro cities in India. Wiom Internet has successfully closed a fresh $40 million funding round, led by Accel and Bertelsmann India Investments, with strong participation from Prosus, Promaft Partners, and RTP Global. The Delhi-based broadband provider, founded in 2020, will use this capital to enhance its distribution-led model, deepen penetration into non-metro India, and onboard tech and operations staff. The new investment propels...

In a bold stride for Indian defense-tech, aerospace startup Raphe mPhibr has raised $100 million in funding led by General Catalyst, as drone warfare, military drones, and aerospace startup strategies reshape global security, especially following the latest India-Pakistan conflict. The Noida-based Indian defense-tech firm has now secured $145 million in total, marking the largest private capital raise in India’s aerospace manufacturing history. This investment surge aligns with India’s increased military spending, as the government, reacting to the India-Pakistan conflict, tripled its drone budget to $470 million for the next 12–14...

Rabitat, a direct-to-consumer (D2C) brand, has raised INR 40 crore ($5 million) in Series A funding to transform the safe kids’ drinkware and foodware space in India, with strategic backing from RPSG Capital Ventures, DSG Consumer Partners, and other notable investors. Rabitat’s Series A funding, completed in two tranches, marks a significant inflection point for the D2C brand as it continues to scale in the children’s product segment. Founded by brothers Sumit and Siddharth Suneja, Rabitat delivers safe kids’ drinkware and foodware that blends health-conscious materials with playful aesthetics. The...

Kazam, a Bengaluru-based electric mobility startup, has raised $6.2 million in Series B funding from the International Finance Corporation (IFC) to expand its electric vehicle (EV) charging infrastructure and accelerate the energy transition through smarter charging solutions. The Series B round also witnessed support from Vertex Ventures and Avaana Capital. This move underscores Kazam’s critical role in accelerating the energy transition through digital-first solutions. Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam is building a device-agnostic EV charging infrastructure platform tailored for charging operators, battery-swapping networks, OEMs, utilities,...

Aspora, the fintech innovator transforming immigrant banking, has raised $53 million in a Series B funding round to expand its cross-border financial services for non-resident Indians (NRIs) and other global diasporas. Aspora, formerly Vance, is a fintech platform that delivers banking solutions for immigrants designed for seamless cross-border access. The company empowers users to send money, invest, and bank across regions with ease, redefining how Non-Resident Indians (NRIs) engage with global financial systems. The recent $53 million Series B round was co-led by Sequoia and Greylock, with Quantum Light Ventures...

Spinny, the India startup redefining the used car market, has secured fresh Series F funding led by Accel Leaders Fund and WestBridge Capital, reinforcing its momentum as a full-stack platform in the automotive resale sector. This latest funding round reflects investor confidence in Spinny’s innovation-driven strategy as it continues shaping the future of India’s used car ecosystem. Accel Leaders Fund led Spinny’s $131 million Series F round, and WestBridge Capital recently injected an additional $30.6 million. This expansion raises the total funding round to approximately $170 million. WestBridge Capital invested...

Wealthtech platform Syfe has raised $80 million in Series C funding to expand its digital investing presence across Singapore, Hong Kong, and Australia, with a focus on AI tools, automation, product strategy, mass affluent users, and tech operations in Gurugram. The Singapore-headquartered wealthtech startup secured $53 million in equity funding during its Series C2 round, led by two UK family offices, following the $27 million raised in Series C1 earlier in August 2024. Backing from existing investors Unbound and Valar Ventures pushed the company’s total capital haul to $132 million....