During the week of April 14–19, 2025, 25 Indian startups raised approximately $62.67 million across growth and early-stage rounds — a sharp 65% decline from the $181.21 million raised the previous week. Major growth-stage highlights include OfBusiness and Garuda Aerospace, each securing $11.7 million, while Optimized Electrotech raised $6 million. On the early-stage front, SaaS startup Magma led with a $5 million Series A round, followed by investments in Peppermint Robotics, Risa Labs, Jewelbox, and IPEC. Pune topped the list of funded cities with five deals, while e-commerce, healthtech, and foodtech dominated sector-wise investments.
In addition to funding, the week saw key leadership changes — with Cashfree Payments, Moglix, and Lendingkart appointing new CFOs and CEOs. Findi Ltd acquired BANKIT Services for $18.7 million, while CleverTap bought rehook.ai. On the other hand, Zopper and Gupshup announced layoffs affecting nearly 300 employees combined. Among new developments, Tyger Capital partnered with Credgenics, and upGrad announced a collaboration with Seed Group to expand AI-driven learning in MENA. Meanwhile, fintech giants PhonePe and Razorpay converted into public entities ahead of their anticipated IPOs.
