From Zolve To Scimplify — Indian Startups Raised $429 Mn This Week
SUMMARY
Between March 10 and March 15, Indian startups cumulatively raised $428.8 Mn across 4 deals, an 11% increase from the $385.5 Mn raised last week across 29 deals
On the back of Zolve’s $251 Mn fundraise and InCred Finance’s $30 Mn debt raise, fintech emerged as investors’ favourite sector this week
3one4Capital was the most active investor this week, backing Scimplify and Felicity Games
The funding momentum which the Indian startup ecosystem gained in the first week of March continued this week as well. On the back of a mega funding round raised by fintech startup Zolve, the cumulative startup funding between March 10 and March 14 raced to $428.8 Mn across 14 deals, the second-highest weekly funding in 2025.
Funding Galore: Indian Startup Funding Of The Week ( Mar 10- Mar 15 )
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 11 Mar 2025 | Zolve | Fintech | Banking | B2C | $251 Mn | Series B | Creaegis, HSBC, SBI, GMO, DG Daiwa | Creaegis |
| 13 Mar 2025 | Purple Style Labs | Ecommerce | Roll Ups | B2C | $40 Mn | Series E | SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Minerva Ventures Fund, Bajaj Holdings, S Four Capital, Sopariwala Exports, Kemfin Family Office, Cordelia Family Trust, Weikfield Family Office, Salil Taneja Family Office, PKM Capital | SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Minerva Ventures Fund, Bajaj Holdings |
| 12 Mar 2025 | Scimplify | Enterprisetech | Enterprise Services | B2B | $40 Mn | Series B | Accel, Bertelsmann Investments, UMI, Omnivore, 3one4 Capital | Accel, Bertelsmann Investments |
| 11 Mar 2025 | Infinite Uptime | Enterprisetech | Horizontal Saas | B2B | $35 Mn | Series C | Avataar Ventures, StepStone Group, LGVP, Tiger Global, GSR Ventures | Avataar ventures |
| 13 Mar 2025 | InCred Finance | Fintech | Lendingtech | B2B-B2C | $30 Mn | Debt | Neo Group, MAS Financial Services, CredAvenue Securities | Neo Group |
| 10 Mar 2025 | Give | Ecommerce | D2C | B2C | $11.7 Mn | – | Alteria Capital, Northern Arc | – |
| 12 Mar 2025 | AmpereHour Energy | Cleantech | – | B2B | $5 Mn | Series A | Avaana Capital, UC Impower | Avaana Capital |
| 12 Mar 2025 | Weskill | Edtech | Skill Development | B2C | $4.5 Mn | pre-Seed | – | – |
| 11 Mar 2025 | goSTOPS | Travel Tech | Travel Planning & Activities | B2C | $4.2 Mn | Series A | Blume Ventures, 1Crowd, Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, Yuj Ventures | Blume Ventures |
| 11 Mar 2025 | Felicity Games | Media & Entertainment | Gaming | B2C | $3 Mn | Seed | 3one4 Capital, T-Accelerate Capital, MIXI Global Investments, DeVC, Visceral Capital | 3one4 Capital |
| 11 Mar 2025 | Ambition | Edtech | Online Discovery | B2C | $2 Mn | Seed | Blinc Invest, Ritu Bapna | Invest blink |
| 12 Mar 2025 | Allo Health | Healthtech | Telemedicine | B2C | $1.8 Mn | pre-Series A | Rainmatter | Rainmatter |
| 13 Mar 2025 | Neural Defend | Enterprisetech | Horizontal Saas | B2B | $600K | pre-Seed | Inflection Point Ventures, MIT SBXI, Techstars San Francisco, Soonicorn Ventures | Inflection Point Ventures |
| 11 Mar 2025 | Dreamtime Learning | Edtech | K-12 | B2C | – | pre-Series A | Nikhil Kamath, Abhijeet Pai | Nikhil Kamath, Abhijeet Pai |
| Source: Inc42 *Part of a larger round **Included this week as it was skipped last week Note: Only disclosed funding rounds have been included |
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Key Startup Funding Highlights Of The Week
- On the back of Zolve’s $251 Mn fundraise and InCred Finance’s $30 Mn debt raise, fintech emerged as investors’ favourite sector this week.
- Enterprise tech saw the highest number of deals (3) materialise this week, with Scimplify, Infinite Uptime and Neural Defend cumulatively netting $75.6 Mn.
- Four startups at seed stage netted $10.1 Mn, down about 47% from $19.1 Mn raised by startups at this stage last week.
- 3one4Capital was the most active investor this week, backing Scimplify and Felicity games.
Mergers & Acquisitions This Week
Other Developments Of The Week
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