Funding and acquisitions in Indian startup this week [Dec 29- Jan 03, 2026]

This week only 3 Indian startups raised a total of $110.22 million, comprising a growth-stage and 2 early-stage deals. In contrast, 12 startups had collectively secured about $95.54 million in the previous week.

[Growth-stage deals]

Only one growth-stage deal took place in the past week, with agritech startup Arya.ag raising Rs 725 crore (around $80.3 million) in its Series D round from GEF Capital Partners.

[Early-stage deals]

Early-stage startup deals also saw minimal activity this week, with Mumbai-based banking infrastructure startup Knight Fintech raising $23.6 million in a funding round led by Accel, along with participation from IIFL and Rocket Capital. Meanwhile, proptech startup Truva raised over $6.32 million from existing investors Stellaris Venture Partners and Orios Venture Partners.

For a detailed funding breakdown, visitTheKredible.

[City and segment-wise deals]

By city-wise deal count, Mumbai recorded two deals, while Delhi-NCR secured one deal.

Segment-wise, agritech, fintech and proptech recorded a deal each.

[Series-wise deals]

This week Series A rounds led the funding with 2 deals, followed by Series D.

Visit TheKredible to see series-wise deals along with amount breakup, and more insights.

[Week-on-week funding trend]

On a weekly basis, startup funding increased over 15% to $110.22 million as compared to around $95.54  million raised during the previous week.

The average funding in the last eight weeks stands at around $218.43 million with 22 deals per week.

[Key Hirings/ Departures]

Mirae Asset Venture Investments (India) Private Limited, the private investing arm of Mirae Asset Global Investments Korea, has appointed Puneet Kumar as the Chief Executive Officer of its venture capital and private investing business.

Meanwhile, three key leadership departures were reported this week. Vipin Kapooria, CFO of Blinkit, the quick commerce arm of Eternal, has stepped down from his role nearly a year after taking charge. StudyIQ cofounder and managing director Gaurav Garg has resigned from his position at the Adda247-owned edtech platform. Ola Electric Mobility also informed stock exchanges that Vishal Chaturvedi, Business Head for Cell and part of the senior management team of Ola Electric also has resigned.

[Mergers and Acquisitions]

D2C meat delivery and processed foods company Zappfresh has approved the acquisition of a 51% stake in Avyom Foodtech Pvt Ltd through a Rs 7.5 crore private placement

[Financial result this week]

▪️ FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable

▪️ Kapiva spends Rs 188 Cr on advertising in FY25; posts Rs 342 Cr revenue

▪️ Traya returns to losses in FY25 as marketing and employee costs surge

▪️ Nat Habit posts Rs 106 Cr revenue in FY25; losses surge 61%

▪️ Scaler revenue declines to Rs 363 Cr in FY25; cuts losses by 98%

▪️ OneCard posts Rs 1,878 Cr revenue in FY25, cuts losses by 26%

▪️ The Souled Store nears Rs 500 Cr revenue in FY25; profits decline 38%

[News flash this week]

▪️ ED freezes Rs 192 Cr linked to WinZO subsidiary in money laundering probe

▪️ UPI records highest ever monthly transactions at 21.63 Bn in December

▪️ TVS leads December E2W sales, Ather falls 20%, Ola Electric improves

▪️ OYO's parent PRISM files confidential papers with SEBI, eyes $7–8 Bn valuation

▪️ Startup leadership shake-up in 2025: 50 new CEOs, 12 co-founders elevated, 17 step down : Entrackr Report

▪️Captain Fresh withdraws DRHP, to refile after acquisition closure

[Summary]

On a weekly basis, startup funding increased over 15% to $110.22 million as compared to around $95.54  million raised during the previous week.

The Enforcement Directorate has frozen assets worth around Rs 192 crore belonging to Zo Games Pvt Ltd, a wholly owned subsidiary of WinZO, under the Prevention of Money Laundering Act.

UPI processed a record 21.63 billion transactions in December 2025, up 29% year on year, with transaction value reaching Rs 27.97 lakh crore, according to NPCI. The platform handled an average of 698 million transactions per day, with daily transaction value at Rs 90,217 crore.

TVS Motor ended 2025 as the leader in India’s electric two-wheeler market with a 26.14% share in December, even as the overall E2W market declined 19% month-on-month. Vahan data shows E2W sales fell to 93,000 units, while TVS Motor’s registrations dropped over 20% to 24,317 units, helping it marginally increase its market share.

PRISM, the parent of OYO, has filed confidential draft IPO papers with SEBI, following shareholder approval to raise up to Rs 6,650 crore through a fresh equity issue. The proposed public offering is expected to value the company at $7–8 billion.

Leadership churn in India’s startup ecosystem picked up in 2025, with over 70 companies witnessing key changes. As per Entrackrreport, Indian startups appointed 50 new CEOs, including 21 internal promotions and 12 executives elevated to co-founder roles, while 35 leaders exited their positions.