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India's startup ecosystem continues to defy gravity. In the first half of 2025 alone, Indian startups raised a staggering $5.7 billion across 470 deals, according to TICE’s latest edition of the Startup Funding Index. The standout trend? Growth-stage deals are driving the surge—and five new unicorns have already galloped into the elite club this year.
Here’s a breakdown of this week’s major funding activities and what they indicate about the direction India’s innovation economy is heading.
TICE Funding Index
Startup | Sector | Amount Raised | Stage | Key Investors | Notable Insights |
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AppsForBharat (Sri Mandir) | Temple-Tech | ₹175 Cr (~$21M) | Series C | Susquehanna Asia, Peak XV, Elevation | AI-led pilgrimage services, 4 Cr+ downloads |
Jumbotail | B2B Grocery | $120M | Series D | SC Ventures, Artal Asia | New unicorn; empowering kirana stores |
Infra.Market | Construction Tech | $50M (Debt) | Debt Funding | Mars Growth Capital | IPO-bound; scaling infra material capacity |
EKA Mobility | EV Infrastructure | $23.4M | Series A | Not Disclosed | Battery swapping & charging infra scale-up |
Eggoz | Branded Eggs | $20M | Series C | Gaja Capital, IvyCap Ventures | New protein formats, rural agri integration |
Aukera | Lab-Grown Diamonds | $15M | Not Disclosed | Peak XV, Fireside Ventures | Retail expansion for sustainable luxury |
Bambrew | Sustainable Packaging | ₹90 Cr (~$10.3M) | Strategic | Ashok Goel, Enrission Capital | Global expansion, biodegradable packaging |
Eeki | Agri-Tech (Vertical Farming) | $7M | Series A | Sixth Sense Ventures | Year-round produce, water-saving innovation |
Maieutic Semiconductor | Deep-Tech Semiconductors | $4.15M | Seed Round | Endiya, Micron Ventures | Boosting India’s chip design ecosystem |
Temple-Tech Goes Mainstream
AppsForBharat, the force behind the Sri Mandir app, secured ₹175 crore (~$21 million) in a Series C round led by Susquehanna Asia and backed by Peak XV, Elevation Capital, and Fundamentum. With over 4 crore downloads and 52 lakh digital pujas booked, the app is digitizing spiritual experiences like never before.
The funding will help scale AI-enabled services across pilgrimage destinations and streamline logistics for prasad delivery—bringing technology to the heart of tradition.
India’s 5th Unicorn of 2025: Jumbotail
In one of the biggest stories this week, Jumbotail, a B2B grocery platform, raised $120 million in Series D, becoming India’s fifth unicorn of the year.
Led by SC Ventures and Artal Asia, the funding will bolster Jumbotail’s supply chain infrastructure and expand its footprint nationally—further empowering India’s vast kirana network to go digital.
Infra.Market Raises $50M in Debt Ahead of IPO
Construction tech startup Infra.Market secured $50 million in debt financing from Mars Growth Capital.
With an IPO on the horizon, the company plans to scale its manufacturing capacities—especially concrete and AAC block production—to meet rising infrastructure demands. Infra.Market is quietly emerging as the core enabler of India’s real estate and infra surge.
EKA Mobility Accelerates EV Infrastructure
As India moves towards clean mobility, EKA Mobility raised $23.4 million in Series A to expand its EV charging and battery-swapping networks. The move aligns with India’s broader push to make EVs mainstream by 2030.
Eggoz Eyes Expansion with $20M Series C
Backed by Gaja Capital, IvyCap, and others, egg-focused brand Eggoz secured $20 million to grow its retail footprint and launch egg-based snacks.
The funding will support scaling operations in Tier 2 and Tier 3 cities and deliver safe, traceable, high-protein food directly to consumers.
Aukera Shines with $15M
Aukera, a Bengaluru-based lab-grown diamond brand, attracted $15 million in funding from Peak XV and Fireside Ventures.
Targeting environmentally conscious millennials and Gen Z, the brand aims to build a luxury-sustainability fusion through ethical diamond retail.
Bambrew Secures ₹90 Cr to Tackle Plastic Pollution
Bambrew, which manufactures biodegradable packaging, raised ₹90 crore (~$10.3 million) in strategic funding from Ashok Goel and Enrission Capital.
The funds will support manufacturing scale-up and international expansion into the Middle East and Africa, offering a strong Made-in-India alternative to plastic.
Eeki Gets $7M for Water-Saving Farming
Eeki, an agritech startup focused on aeroponic farming, raised $7 million in Series A funding led by Sixth Sense Ventures.
Their pesticide-free and low-water usage farming model offers solutions to India’s twin challenges: food security and water scarcity.
Maieutic Semiconductor Fuels India’s Chip Design Aspirations
In the deep-tech space, Maieutic Semiconductor raised $4.15 million in seed funding from Endiya Partners and Micron Ventures.
Specializing in analog and mixed-signal chip design, this Hyderabad-based startup is strengthening India’s aspirations to become a semiconductor powerhouse.
The Bigger Picture: Funding Diversity, Sectoral Depth
This week’s funding roundup isn’t just a list of startups and numbers—it reflects the evolving priorities of India’s startup ecosystem. From religion-tech to deep tech, kiranas to lab-grown luxury, the funding trends highlight:
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The rising investor interest in India’s cultural, infrastructural, and sustainability sectors.
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Growth-stage dominance suggesting maturity in the ecosystem.
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Unicorn creation outside of just fintech or SaaS—diversification is real.
As India’s startups continue raising capital, they’re also raising the bar—in ambition, innovation, and global competitiveness. The second half of 2025 promises even more momentum, with IPOs, global expansions, and sectoral breakthroughs on the horizon.
Stay tuned to TICE for your weekly dose of data-backed insights into India’s startup funding landscape.