Wednesday, 1 July
Weighted for Investor / Analyst · 3 follows.
The Bangalore-based startup closed a Series B round led by a returning investor, its second raise in fourteen months. The pace is unusual for the category and worth watching.
Ola's AI arm crossed a billion dollar valuation in a round led by existing backers. The company is positioning its foundation model as the default for Indian-language enterprise workloads.
The ecommerce platform has filed confidentially with SEBI, targeting a listing in the next two quarters. Order volumes from tier-three cities now contribute more than half of GMV.
The two-wheeler ride aggregator raised at a $1.1 Bn valuation, becoming the year's first mobility unicorn. The round funds an expansion into auto and cab segments.
Blume Ventures wrapped its fifth fund this week. The firm signalled it would write smaller cheques into more companies, continuing a trend that started with Fund IV.
Indian startups raised $3.8 Bn across 287 rounds in Q2, the highest quarterly tally since late 2024. Late-stage participation is up sharply after a flat eighteen months.
The fintech has received in-principle approval to operate as a payment aggregator, opening a direct path into merchant payments. Expect product expansion beyond bill payments within two quarters.