Neobanking platform Jupiter has expanded its employee stock option plan (ESOP) pool by Rs 40 crore (approximately $5 million). The issuance of 21,665 ESOP options priced at Rs 18,826.29 each increases Jupiter’s total ESOP pool to 7.89% of its share capital. This move aligns with Jupiter’s product portfolio expansion and recent strategic funding efforts.
Country Delight, a dairy and grocery startup, raised Rs 70 crore ($8.45 million) in debt from Alteria Capital. This follows a Rs 76 crore ($9 million) debt and equity round in May and a $20 million Series E round in January. The company engages directly with farmers and operates in major Indian cities.
Agrizy, a B2B agri-processing platform, raised $9.8 million in a Series A round co-led by Accion and Omnivore, with new investors Capria Ventures and Thai Wah Ventures. The funds will expand services, develop advisory and financial offerings, and grow into new geographies. Founded in 2020, Agrizy facilitates agrifood procurement and provides end-to-end fulfillment services.
Cooking paste brand CURRYiT secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures. The funds will be used to scale operations, enhance marketing, and strengthen distribution channels. Founded in 2020, CURRYiT aims for significant growth in the ready-to-cook market.
Sauce VC, a consumer-focused early-stage venture capital firm, closed its third fund at Rs 365 crore ($43.6 million). The oversubscribed fund attracted investments from prominent names like Infosys co-founder Kris Gopalakrishnan’s Pratithi Investments and Marico’s Harsh Mariwala. Sauce VC invests in new-age consumer brands and has funded 21 companies since 2019.
Mohalla Tech, parent of ShareChat and Moj, expanded its debt round to $65 million with an additional $16 million from Singapore-based EDBI. Earlier, it raised $49 million from existing investors. The funds will enhance their tech stack and consumer transactions. ShareChat laid off 5% of its workforce recently and faced a significant valuation drop to under $2 billion. The company spent Rs 4,000 crore to earn Rs 533 crore in FY23, recording a Rs 3,241 crore loss.
Wealth and asset management company Neo raised Rs 220 crore ($26.5 million) in a Series B round led by Crystal Investment. The round included contributions from Mufg Bank and investor Deepak Agarwal. Neo, valued at $231 million post-allotment, has raised $104 million to date, offering investment solutions to high-net-worth individuals.
In one week, 32 Indian startups secured approximately $341 million in funding, with 6 growth-stage deals totaling $216.8 million and 22 early-stage deals raising $124.24 million. Rapido led with a $120 million unicorn round, while BluPine and Simple Energy topped early-stage funding. Four startups did not disclose their amounts.
Knoxville-based fusion power provider, Type One Energy, closed an $82.4M seed round with backers like Centaurus Capital and Breakthrough Energy Ventures. Led by CEO Christofer Mowry, the company aims to commercialize fusion energy by 2030 through its FusionDirect program, developing an optimized stellarator fusion system.
Logistics company Delhivery reported notable profits in Q1 FY25, with operating revenue rising 4.6% to Rs 2,172 crore from Rs 2,076 crore in Q4 FY24. The company’s total income reached Rs 2,282 crore, while cost management and scale growth helped it achieve a Rs 52 crore profit, reversing a Rs 68 crore loss in Q4 FY24.
