Browsing: Startup

This innovation challenge aims to identify and support breakthrough solutions for India’s rooftop solar and distributed renewable energy ecosystem

Mahaveer Finance raised Rs 200 crore in its first venture round led by Elevation Capital. The Chennai-based NBFC plans to expand its loan book, invest in tech, and diversify into products like LAP. With 80+ branches across South India, it targets Rs 5,000 crore in assets and Rs 100 crore monthly disbursals.

According to a report by data intelligence platform Tracxn, former executives at startups who have floated their own ventures are 3x more likely to bag seed funds than others. The funding boost comes on the back of ESOP buyback-led liquidity, desire for new opportunities, return of talent from the US, and the impact of mass layoffs.

Flexiloans, an NBFC focusing on small businesses, secured Rs 375 crore in funding, led by existing investors like Fundamentum and Accion. This capital infusion, a mix of primary and secondary, will fuel its expansion into secured lending and insurance distribution. Flexiloans achieved profitability for three consecutive years, with Rs 263 crore revenue and Rs 3 crore profit in FY24.

Biz2X, the digital lending software platform from Biz2Credit, has surpassed INR 14,000 crore in loan disbursements through its India operations in FY25, continuing its steady growth of 25-30 per cent year-on-year. The figure signals not just the rising demand for credit access but also the expanding influence of AI-powered fintech infrastructure in India’s lending landscape.

Decentro, a fintech startup, secured Rs 30 crore in funding led by InfoEdge Ventures. The company intends to move its base from Singapore to India. This move aligns with other Indian startups returning home. Decentro aims to enhance its products and expand its enterprise adoption. They offer APIs for KYC, payments, and debt collection.

The Bengaluru-based company, which provides standardised athletic assessments for children, will use the funds to develop its proprietary AI models, expand in domestic markets, and enhance support systems for athletes.

Ahmedabad-based startup Orbitt Space has raised US$1 million in a pre-seed funding round led by pi Ventures, with participation from IIMA Ventures.

360 ONE Asset’s Rs 500 crore VC fund will invest in seed and Series A startups across sectors including AI, fintech, spacetech, defence, and precision manufacturing

AI infrastructure startup Flam has raised $14 million in its Series A round, led by RTP Global, with participation from Dovetail and other strategic investors. With this capital, Flam aims to accelerate its mission of transforming how consumers engage with ads, retail environments, live broadcasts, and fan moments – all by making content and interfaces more immersive, interactive, and RoI-driven for brands.