BlackSoil NBFC raised Rs 208 crore in debt from HNIs, UHNIs, Family Offices, banks, and NBFCs. With 60% from new investors, total debt reached over Rs 1,570 crore. Founded by Mohinder Pal Bansal and Ankur Bansal, BlackSoil offers customized credit solutions and maintains a diversified portfolio across multiple sectors.
Commercial drone solutions startup Aereo raised $15 million in a Series B round led by 360 ONE Asset, with participation from existing investors. The funds will expand aerial intelligence solutions for capital asset management. Co-founded by Vipul Singh and Suhas Banshiwala, Aereo serves high-tech, aerospace, maritime, and defense sectors.
Consumer lending and payments startup Slice raised Rs 65 crore ($8 million) in debt from Neo Markets, its second debt investment this year. The Bengaluru-based company, founded by Rajan Bajaj, has raised $340 million to date, offering cards focused on millennials and expanding financial accessibility.
Fintech firm Paytm’s revenue from operations dropped 33.8% to Rs 1,501.6 crore in Q1 FY25 compared to Q4 FY24. The company’s overall revenue reached Rs 1,639.1 crore, including interest and gains from financial assets. Paytm’s expenses fell 8%, but losses increased 52.6% to Rs 840 crore.
Tech-enabled lending platform Moneyview is close to finalizing a Series F round of $50-60 million, potentially making it a unicorn. The round, led by Apis Partners and joined by Accel Partners and Evolvence India, will push its valuation past $1 billion. Moneyview, founded by Puneet Agarwal and Sanjay Aggarwal, has raised nearly $190 million to date.
WazirX confirmed a cyber attack on its multisig wallet, resulting in losses exceeding $230 million. The attackers exploited discrepancies in Liminal’s digital asset custody interface. WazirX is working to recover the funds. Preliminary investigations indicate that North Korean hackers may be responsible. Liminal Custody claims its platform was not breached.
Lifetime Health, a digital platform for at-home care, raised $1.5 million in a seed round led by The Garage Syndicate. Co-founded in 2023, the funds will enhance development. The platform offers phlebotomy, diagnostics, medical devices, nursing care, physiotherapy, and postoperative care, aiming to expand across major Indian cities.
Electric vehicle ride-hailing startup MyPickup secured Rs 1.5 crore in seed funding led by Inflection Point Ventures. Launched in 2022 by Abhijeet Dattatraya Jagtap, the funds will develop scheduling algorithms, brand building, and optimize operations. MyPickup aims to offer zero cancellations and zero surge pricing with a fleet of electric auto-rickshaws.
AI-powered beauty and personal care platform Honestly raised Rs 3.2 crore in a pre-seed round led by Better Capital, with participation from QED Innovations and leaders from Flipkart, Polygon, and Cred. Founded by Karishma Rathaur, the funds will support the initial product launch and aim for early product-market fit.
Gen-Z focused fast fashion brand Newme raised $18 million in its Series A round led by Accel, with participation from Fireside Ventures and AUM Ventures. The funds will expand Newme’s omnichannel presence and enhance supply-chain technology. Founded by Shivam Tripathi, Sumit Jasoria, and Vinod Naik, Newme aims to open 40-50 stores in the next 12-18 months.
