The Indian startups ecosystem witnessed a remarkable surge in funding between May 26 and May 31, 2025. During this period, 23 startups from various sectors collectively secured over $203 million from investors, highlighting the growing strength and diversity of India’s entrepreneurial landscape.
Citykart Leads the Funding Wave
The retail sector took the spotlight, with value fashion retail chain Citykart raising a staggering $63 million in its latest funding round. This deal marked the largest investment of the week and reinforced Citykart’s position as a leader in affordable fashion.
Major Deals Across Sectors
Several other high-value deals stood out:
- Saarathi Finance, a non-banking financial company, raised $55.1 million, boosting the fintech and lending space.
- Snabbit, an on-demand home services platform, secured $19 million.
- Mufin Green Finance, another NBFC, attracted $18 million through debt funding.
- Fleetx, a logistics SaaS platform, raised $13.2 million, reflecting the growing demand for tech-driven logistics solutions.
Together, Snabbit, Mufin Green Finance, and Fleetx brought in $50.2 million in fresh capital.
Emerging Startups Attract Attention
Early-stage startups also made headlines:
- Slikk, a 60-minute fashion delivery platform, raised $10 million in Series A funding.
- EUME, a premium travel luggage brand, secured $2.92 million.
- GROWiT, an agritech startup focused on protective farming, bagged $3 million.
- Orbit Space, a spacetech venture, received $1 million in pre-seed funding.
- Cleevo, a home hygiene brand, and KhalidPro, a sports tech platform, each raised $1 million.
- Unbound, an AI startup, raised $4 million, while Frinks AI secured $5.4 million.
- Samunnati, an agricultural value chain enabler, added $5 million in Series E funding.
Some startups, like Ziniosa (preloved luxury fashion), GydeXP (traveltech), Estailo (fashion accessories), TOVA (beverages), Drools (pet food), and The World Bowling League, chose not to disclose their funding amounts.
Mergers and Acquisitions Shape the Ecosystem
The week also saw notable mergers and acquisitions:
- Imarticus Learning acquired the edtech platform MyCaptain.
- Jumbotail took over the B2B e-commerce platform Solv.
- DiFACTO Robotics and Automation acquired RoboFinish, strengthening its automation capabilities.
Funding Trends and City Leaders
Bengaluru led the city-wise funding tally with eight deals, followed by Delhi-NCR. Fintech and e-commerce startups topped the sector charts, each securing four deals. The week’s funding saw a significant increase compared to the previous week, reflecting renewed investor confidence.