From record startup funding to global trade deals, India’s business landscape this week showcases resilience, innovation, and global ambition.
1. Indian Startups Secure Over $40 Million in Funding
Indian startups raised over $40 million across sectors like defence, fintech, robotics, and manufacturing this week. Major deals included OfBusiness ($11.7M), Garuda Aerospace ($11.6M), Optimised Electrotech ($6M), Magma ($5M), and Peppermint Robotics ($4M). This surge underscores investor confidence in India’s tech-driven, self-sufficient sectors.
2. OfBusiness Prepares for IPO After Major Investment
Gurugram-based OfBusiness, a B2B commerce and fintech platform, secured $11.7 million from Cornerstone Ventures, bringing its total fund to $200 million. The company’s lending arm, Oxyzo, supports SMEs in manufacturing and infrastructure, with an IPO planned for late 2025.
3. Garuda Aerospace Boosts India’s Drone Industry
Chennai’s Garuda Aerospace raised $11.6 million in Series B funding, valuing the company at $250 million. With over 50 drone models and strong government ties, Garuda plans to expand production and develop a dedicated R&D facility, strengthening India’s defence and agricultural sectors.
4. Optimised Electrotech Advances Defence-Tech
Ahmedabad-based Optimised Electrotech, specializing in AI-driven surveillance systems, raised $6 million to enhance India’s indigenous defence capabilities. Their technology can detect threats across land, sea, and air, supporting the nation’s self-reliance goals.
5. Magma Drives Sustainability in Industrial Supply Chains
Magma, an Ahmedabad startup, secured $5 million to revolutionize supply chains with green energy, recycling, and AI-powered procurement. The company aims for a ₹1,000 crore revenue run rate within two years, advancing India’s climate goals.
6. Peppermint Robotics Expands Globally
Pune’s Peppermint Robotics, known for its autonomous cleaning robots, raised $4 million to expand into Europe and Asia-Pacific. The company’s robots are already deployed in warehouses, airports, and hospitals across six countries, with plans to launch a restroom-cleaning robot by 2026.
7. Jewelbox Champions Lab-Grown Diamonds
Kolkata-based Jewelbox raised $3.2 million to expand its omnichannel lab-grown diamond jewelry business. The brand, present in six cities, aims to open 30 stores by year-end, catering to modern consumers seeking sustainable luxury.
8. Tessell Raises $60 Million for AI-Driven Cloud Data Management
Tessell, a Bengaluru and California-based DBaaS startup, completed a $60 million Series B round. The funding will accelerate its mission to simplify data infrastructure for enterprises, already serving dozens of top clients in just six quarters.
9. Easebuzz Secures $30 Million to Power Digital Payments
Pune’s Easebuzz, a payments aggregator, raised $30 million to expand its online and offline payment solutions. With revenue reaching ₹650 crore in FY25, the company is set to enhance its SaaS offerings and enter the POS and UPI QR-powered soundbox market.
10. Xindus Grows Cross-Border Logistics with $10 Million Funding
Xindus, a cross-border logistics startup, raised $10 million to scale operations and increase its customer base from 1,000 to 10,000. The company targets $200 million in gross merchandise value in the next 18 months.
11. PARÉ Innovations Attracts $8.5 Million for Premium Panels
Mumbai-based PARÉ Innovations, a maker of high-end waterproof panels, secured $8.5 million to expand domestically and internationally. The company aims for a turnover of ₹1,000 crore over the next four years.
12. Union Budget 2025 Spurs Growth with Tax and Regulatory Reforms
India’s 2025–2026 Union Budget introduced major tax relief for low- and middle-income earners, doubled credit guarantees for small businesses, and prioritized R&D, digitalization, and infrastructure. Analysts predict GDP growth between 6.3–6.8% this year, with optimism from global leaders like Bill Gates.
13. Startup Mission Fund Extended with Fresh ₹10,000 Crore
The government extended the Startup Mission’s flagship ₹10,000 crore fund, providing a significant boost for Indian startups. Tax exemption benefits under Section 80-IAC were also extended for five more years, supporting startups incorporated before April 1, 2030.
14. New Tax Structure to Boost Consumer Spending
The revised tax slabs exempt all taxes for individuals earning under ₹12.75 lakh per annum and reduce rates for higher brackets. This change is expected to increase household consumption, benefiting B2C startups, e-commerce, and consumer services.
15. Telangana Secures ₹12,000 Crore in Japanese Investments
Telangana Chief Minister Revanth Reddy’s Japan tour resulted in over ₹12,000 crore in deals with Marubeni, NTT Data, and Toshiba. These investments will bolster the state’s manufacturing, technology, and infrastructure sectors.
16. Indian Banks Lead Market Rally with Strong Earnings
HDFC Bank and ICICI Bank led a market rally after posting over 10% growth in quarterly net interest income. Positive investor sentiment was also driven by robust results from IT major Infosys.
17. Groww and Angel One Add 5 Million New Demat Accounts
Brokerages Groww and Angel One together added nearly 5 million new demat accounts to the NSE in FY2025, fueling India’s retail investment boom and democratizing stock market access.
18. India–US Trade Pact Targets $500 Billion by 2030
A new trade pact between India and the US aims to boost bilateral trade to $500 billion by 2030. Indian officials will visit Washington to finalize terms, reflecting deepening economic ties between the two nations.
19. JSW to Build 4 MTPA Green Steel Plant in Maharashtra
JSW announced plans to set up a 4 million tonne per annum green steel plant in Salav, Maharashtra. This project aligns with India’s push for sustainable industrial growth and renewable energy adoption.
20. Gujarat and Maharashtra Dominate Rooftop Solar Capacity
Gujarat and Maharashtra account for 41% and 23%, respectively, of India’s total installed rooftop solar capacity. This leadership highlights the states’ commitment to renewable energy and supports India’s broader climate targets.
India’s business landscape this week reveals a nation on the move innovating, attracting global investment, and driving sustainable growth across sectors. Stay tuned as India continues to shape the future of business and technology.
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