From Ultraviolette To Furlenco — Indian Startups raised $133 Mn This Week

SUMMARY

Between December 1 and 5, 18 startups raised $132.7 Mn, marking a 32% decline from $195.2 Mn raised by 24 startups in the preceding week

Cleantech managed to be one of the most prominent sectors with 2 startups raising a total of $51 Mn this week

Sparrow Capital turned out to be the most active investor this week, backing  Mannjal and ReplyAll

Amid heightened startup IPO activity, private funding in the Indian startup ecosystem took a downturn this week. Between December 1 and 5, 18 startups raised $132.7 Mn, marking a 32% decline from $195.2 Mn raised by 24 startups in the preceding week.

Funding Galore: Indian Startup Funding Of The Week [ Dec 1 – 5 ]

Date
Name
Sector
Subsector
Business Model
Funding Round Size
Funding Round Type
Investors
Lead Investor

4 Dec 2025
Ultraviolette
Cleantech
Electric Vehicles
B2C
$45 Mn*
Series E
Zoho, Lingotto
–

2 Dec 2025
StockGro
Fintech
Investment Tech
B2C
$16.7 Mn
Series B
Mukul Agrawal (Param Capital)
Mukul Agrawal (Param Capital)

1 Dec 2025
Finfactor
Fintech
Fintech SaaS
B2B
$15 Mn
Series A
WestBridge Capital, Varanium Capital, DMI Sparkle Fund, IIFL
WestBridge Capital

3 Dec 2025
Furlenco
Ecommerce
D2C
B2C
$13.9 Mn
–
Sheela Foam, WhiteOak Capital, Madhu Kela (MK Ventures)
Sheela Foam

4 Dec 2025
Planys Technologies
Advanced Hardware & Technology
Maritime Tech
B2B, B2G
$11.1 Mn
–
Ashish Kacholia (Lucky Investment Manager), Lashit Sanghvi (Alchemy Capital), Pratithi Investment, Samarthya Investment Advisors, 3i Partners, Letsventure
Ashish Kacholia (Lucky Investment Manager), Lashit Sanghvi (Alchemy Capital)

2 Dec 2025
Modulus Housing
Real Estate Tech
Construction
–
$7.7 Mn
Seed
Kalaari Capital, Hero Group, Samarthya Investments, SVAS Strategic Management, Sigma Ventures, Srinath Ramakkrushnan (Zetwerk)
Kalaari Capital, Hero Group, Samarthya Investments

4 Dec 2025
Ayekart
Agritech
Market Linkage
B2B
$6.5 Mn
Debt
Symbiotics Investments
Symbiotics Investments

3 Dec 2025
Moonrider
Cleantech
Electric Vehicles
B2C
$6 Mn
Series A
pi Ventures, Singularity AMC, Micelio Fund
pi Ventures

4 Dec 2025
CoreOps.AI
AI
Application Layer
B2B
$3.5 Mn
Pre-Series A
Siana Capital Management, Kettleborough VC, Aroa Venture Partners
Siana Capital Management

3 Dec 2025
Mirror Security
Enterprise Tech
Horizontal SaaS
B2B
$2.5 Mn
Pre-Seed
Sure Valley Ventures, Atlantic Bridge
Sure Valley Ventures, Atlantic Bridge

3 Dec 2025
Mannjal
Fintech
Lending Tech
B2B
$2 Mn
Seed
Arali Ventures, B Capital, Sparrow Capital, Gemba Capital
Arali Ventures, B Capital

2 Dec 2025
GetReplies
AI
Application Layer
B2B
$1 Mn
Seed
Patni Family Office
Patni Family Office

3 Dec 2025
ReplyAll
Ecommerce
D2C
B2C
$756K
Seed
Sparrow Capital, Antler India, Bharat Founders Fund, DeVC, Shantanu Deshpande (Bombay Shaving Company), Revant Bhate (Mosaic Wellness), Ashish Goel (OctoLife), Sangeet Agarwal (Mokobara), Navin Parwal (Mokobara), Nikhil Bhandarkar (Panthera Peak Capital), Arjun Vaidya (V3 Ventures)
Sparrow Capital, Antler India

5 Dec 2025
Redapto
AI
Application Layer
B2B
$500K
Pre-Seed
Y Combinator
Y Combinator

4 Dec 2025
TIDA Sports
Consumer Services
Hyperlocal Services
B2C
$333K
Seed
Inflection Point Ventures
Inflection Point Ventures

29 Nov 2025**
Iztri
Consumer Services
Hyperlocal Services
B2C
$180K
Seed
ajvc
ajvc

2 Dec 2025
Superhealth
Healthtech
In-Clinic Healthcare
B2C
–
–
MS Dhoni Famli Office, Panthera Peak Capital
–

4 Dec 2025
InMobi
Enterprise Tech
Horizontal SaaS
B2B
$250 Mn
Secondary Round
Naveen Tewari, Mohit Saxena, Abhay Singhal, Piyush Shah
Naveen Tewari, Mohit Saxena, Abhay Singhal, Piyush Shah

Source: Inc42
*Part of a larger round
**Included this week as it was skipped last week
Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

Deal count wise, AI and fintech sector continued to be investors’ favorite segment. Both the segments witnessed 3 deals, across which startups cumulatively raised $5 Mn and $33 Mn respectively.
Cleantech managed to be one of the most prominent sectors with 2 startups raising a total of $51 Mn this week.
Sparrow Capital turned out to be the most active investor this week, backing  Mannjal and ReplyAll.
Eight startups at the seed stage raised about $16 Mn this week.

Fund Updates Of The Week

Startup IPO Updates Of The Week

Other Developments Of The Week

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