TICE Funding Index: India’s Startup Funding Scene Stays Resilient

Even as global markets waver between optimism and caution, India’s startup ecosystem continues to showcase remarkable resilience and investor confidence. From AI breakthroughs and fintech innovation to sustainable insurance and modular furniture, this week’s funding chart reflects a diverse mix of growth stories.

Here are the top ten startup funding highlights that defined India’s innovation landscape this week.

TICE Funding Index

Giga raises $61 million in Series A led by Redpoint Ventures

Artificial intelligence continues to dominate investor interest, and Bengaluru-based Giga is the latest proof. The emotionally intelligent AI startup has raised $61 million in Series A funding led by Redpoint Ventures, with participation from Y Combinator and Nexus Venture Partners.

The capital will fuel the expansion of its technical team and help accelerate enterprise deployments across global markets.
Giga develops emotionally responsive AI agents capable of reasoning and acting in real time, with marquee clients like Postman, DoorDash, and Capital.com already onboard.

Co-founder and CEO Varun Vummadi said the company was built to “change the way the world interacts with devices.”

MoEngage secures $100 million from Goldman Sachs & A91 Partners

Customer engagement platform MoEngage has raised a massive $100 million in a new funding round co-led by Goldman Sachs Alternatives and A91 Partners.

With operations spanning over 75 countries and 1,350+ brand partners, MoEngage plans to use the funds to expand its MerlinAI suite, strengthen its presence in North America and EMEA, and scale its customer success teams.

Founded in Bengaluru and headquartered jointly in San Francisco, MoEngage continues to be one of India’s most successful SaaS exports.

Lighthouse Canton raises $40 million led by Peak XV Partners

Wealth and asset management firm Lighthouse Canton has secured $40 million in a growth round led by Peak XV Partners, with participation from Nextinfinity and Qatar Insurance Company.

Managing over $5 billion in assets across India, Singapore, UAE, and the UK, the firm will deploy the funds to strengthen its tech infrastructure, expand product capabilities, and enter new global markets.

Zynk raises $5 million to make cross-border payments instant

Delhi-based fintech startup Zynk raised $5 million in a seed round led by Hivemind Capital, with participation from Coinbase Ventures and others.

Zynk provides embedded, just-in-time liquidity and cross-border settlement rails, enabling instant payments across currencies like USD, EUR, AED, INR, MXN, and PHP.
The startup aims to expand corridor coverage, deepen compliance, and forge new banking partnerships.

Kshema Insurance secures $20 million from Green Climate Fund

In a rare sustainability-led investment, Kshema General Insurance Ltd. received $20 million from the Green Climate Fund (GCF) — marking GCF’s first-ever investment in a micro-insurance solution for India’s smallholder farmers.

Kshema plans to expand its reach, enhance its underwriting capacity, and upgrade its proprietary Kshema Cognitive Engine, which offers weather insights, crop health alerts, and sustainable practice recommendations to rural communities.

Spacewood raises ₹300 crore from A91 Partners

Nagpur-based Spacewood Furnishers, one of India’s leading modular furniture brands, raised ₹300 crore (≈ $34 million) from A91 Partners, valuing the company at around ₹1,200 crore.

The company will channel the funds into automation, product innovation, and talent acquisition. With 35+ stores across 20 cities, Spacewood plans to strengthen its footprint in Tier II markets as India’s organized furniture industry continues to boom.

Wyzard.ai raises $500,000 in angel round

Early-stage AI platform Wyzard.ai has raised $500,000 in its maiden funding round from prominent tech leaders such as Tim Davis, Ambarish Kenghe, Bhuvan Gupta, and Rajul Jain, among others.

The startup focuses on AI-powered go-to-market orchestration, automating outreach across chat, email, LinkedIn, and voice. The fresh capital will accelerate product development, global expansion, and strategic partnerships in US and EMEA regions.

Stackbox bags $4 million to automate warehouse operations

Logistics automation startup Stackbox raised $4 million in a new round led by Enrission India Capital. Founded in 2019, Stackbox builds AI-driven warehouse and transport management systems for enterprises including Coca-Cola, Godrej, Marico, Dabur, Flipkart, and Udaan.

The funding will boost its AI roadmap, enhance operational analytics, and support expansion into new industries and international markets.

BabyOrgano raises ₹20 crore to fuel Ayurvedic baby care innovation

D2C Ayurvedic baby-care brand BabyOrgano has secured ₹20 crore (≈ $2.4 million) in a Pre-Series A round led by RPSG Capital Ventures, with participation from Sauce.vc.

The startup will use the capital to expand its product portfolio, strengthen marketing, and upgrade its operations. BabyOrgano’s earlier rounds include a $715K seed and $150K pre-seed fundraise.

Groww raises ₹2,984.5 crore from anchor investors ahead of IPO

In one of the biggest pre-IPO fundraises of the year, fintech major Groww (via parent Billionbrains Garage Ventures) has secured ₹2,984.53 crore from anchor investors ahead of its ₹6,632 crore IPO.

The round drew participation from leading domestic mutual funds — HDFC, Kotak, SBI, Axis — along with sovereign wealth funds and global tech investors, signaling robust market confidence ahead of Groww’s public listing.

This week’s funding pulse reveals one clear trend — AI, fintech, and sustainable innovation continue to attract the lion’s share of investor dollars. Whether it’s a Nagpur-based furniture brand scaling up or a global SaaS player expanding westward, India’s founders are building across every sector — and the capital keeps flowing.