Over $296 million raised by Indian startups from Sept 29–Oct 04, 2025, led by HFC

Over $296 Mn raised by Indian startups from Sept 29–Oct 04 2025, led by HFC

Three points you will get to know in this article:

1. Indian startups raised over $296 million between Sept 29–Oct 04, 2025.

2. Hiranandani Financial Services (HFS) led with $90 million, spearheading the NBFC sector.

3. Key raises included Kapiva ($60M) and a combined $92.24 million from Recur Club, GrowXCD, and Art of Time.

Overall Funding Landscape: $296 Mn Raised

Up to 18 Indian businesses from a variety of industries collected more than $296 million in funding from investors between September 29 and October 4, 2025.

Wellness, Lending, NBFC, Luxury, Fintech, Deeptech, Mobility, and Marketing are some of these industries.

Over $160 million was raised by Indian businesses last week, with Chakr Innovation, a Cleantech startup, raising $23 million on its own.

Sector Deep Dive: NBFC Leads the Way

Throughout the week, investments were drawn to a wide variety of sectors, with the NBFC sector leading the way.  With $90 million raised, Hiranandani Financial Services (HFS) was the industry leader in this area.  Kapiva, an Ayurvedic wellness company, raised $60 million.

Following the list were the luxury watch shop Art of Time, the lending company GrowXCD, and the AI-native debt marketplace Recur Club, which raised a total of $92.24 million.

GrowXCD raised $22.53 million, Art of Time raised $19.71 million, and Recur Club raised $50 million.

Investments Across Diverse Sectors

Mobility startup iGoWise Mobility (iGo) raised $990,000 in a pre-Seed round; deeptech startup Assessli raised $5 million; CliMartech startup Climaty AI raised $2 million; enterprise messaging startup Fyno raised $4 million in a Seed round; Fintech startup Ignosis raised $4 million in a pre-Series A round; Faithtech startup Vama raised $2.5 million in a pre-Series A round; Defensetech startup Unmannd raised $2 million in a pre-Series A round; Fintech startup RUGR Fintech raised $5 million in a pre-Series A round; and Deeptech startup Vaani AI Research raised $400,000 in a pre-Seed round.

In the meantime, SuperFam, a family management platform, and Wit & Chai Group did not disclose the financial amounts.

Strategic Acquisitions and Mergers

Strategic mergers and acquisitions also occurred during this time.  The US-based Classic Vacations was fully acquired by TBO Tek, while Tycod Autotech was purchased by NRL Recycling Limited.

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