TICE Funding Index: Major Capital Raises That Shaped the Startup Ecosystem This Week

The flow of capital into startups remained strong this week, with funding activity spanning experiential technology, AI and data infrastructure, consumer brands, spacetech, manufacturing, and enterprise SaaS. From late-stage mega rounds to early bets on deeptech and D2C brands, investors showed continued confidence in scalable business models and long-term growth stories.

Here’s a detailed roundup of the biggest funding developments you need to know.

TICE Funding Index

Tagbin Raises $10M, Sets Sights on IPO by 2027

Experiential technology startup Tagbin raised $10 million from private investors including SageOne Flagship Growth OE Fund, Ramesh Damani, Abhinandan Lodha, and the Kurl-on Group. Founded in 2013 by IIT graduates, the Gurgaon-based company works across immersive digital experiences and AI-driven public sector platforms. The fresh capital will be deployed toward global expansion, technology upgrades, and IPO readiness, with Tagbin targeting a public listing by March 2027.

Databricks Raises $4B, Valuation Touches $134B

Global data and AI major Databricks raised over $4 billion in a Series L round led by Insight Partners, Fidelity, and J.P. Morgan Asset Management. The round values the company at $134 billion and comes as Databricks crosses a $4.8 billion annual revenue run rate. More than $2 billion of this revenue is driven by its data warehousing and AI offerings. The company plans to double down on AI research, acquisitions, and platform development, while continuing its $250 million investment push in India.

MoEngage Adds $180M to Series F, Total Funding Reaches $280M

Customer engagement platform MoEngage raised an additional $180 million, taking its Series F round to $280 million. The round was led by ChrysCapital and Dragon Funds, with participation from Schroders Capital and existing investors. The company plans to use the capital to scale its Merlin AI platform, strengthen go-to-market teams across North America and EMEA, and pursue strategic acquisitions. MoEngage currently serves more than 1,350 brands across 75 countries.

Digantara Secures $50M to Scale Space Surveillance Capabilities

Bengaluru-based spacetech startup Digantara closed a $50 million Series B round led by 360 ONE Asset, SBI Investments of Japan, and Ronnie Screwvala. Founded in 2020, Digantara focuses on space situational awareness and plans to deploy 15 space surveillance satellites and two missile-warning satellites by 2026–27, bolstering India’s sovereign space intelligence and defence infrastructure.

Underneat Raises $6M Within 8 Months of Launch

Shapewear brand Underneat, founded by Kusha Kapila and Vimarsh Razdan, raised $6 million in a pre-Series A round led by Fireside Ventures. Launched earlier this year, the company claims to have crossed ₹150 crore in ARR while remaining EBITDA positive. The funds will be used to scale operations and expand D2C and marketplace distribution across Indian cities.

BHIVE Workspace Plans ₹400 Cr Pre-IPO Fundraise

Coworking operator BHIVE Workspace is in advanced talks to raise nearly ₹400 crore in a pre-IPO round ahead of a planned 2027 listing. The round is expected to include a significant debt component along with around ₹100 crore in equity, with interest from HNIs and family offices. BHIVE aims to expand its footprint into Pune, Hyderabad, and Chennai, building on its strong presence in Bengaluru and Mumbai.

Moxie Raises $15M to Expand R&D and Omnichannel Presence

D2C haircare brand Moxie raised $15 million in a funding round led by Bessemer Venture Partners, with participation from Fireside Ventures and angel investors. Founded in 2023, Moxie has crossed ₹100 crore in ARR. The capital will be used to deepen R&D, expand teams, and strengthen distribution across salons, modern trade, and quick commerce platforms.

Sisir Radar Raises $7M for Private L-Band SAR Satellite

Space and defence tech startup Sisir Radar raised $7 million in a Series A round led by 360 ONE Asset. Founded by former ISRO scientist Dr Tapan Misra, the company is developing India’s first privately built L-band SAR satellite, targeted for launch by 2026. The satellite will enable high-resolution, all-weather imaging for defence, infrastructure monitoring, and disaster response.

Magma Closes $8M Series A to Scale Manufacturing

B2B manufacturing startup Magma closed its $8 million Series A round led by Capria Ventures, with participation from Avinya Ventures and GVFL. The company plans to use the capital to scale precision manufacturing services, expand its TerraMag industrial materials brand, and grow its sustainable manufacturing arm, Magma Green.

WickedGud Raises ₹20 Cr to Strengthen Omnichannel Strategy

Food and beverage brand WickedGud raised ₹20 crore from existing investors Orios Venture Partners and Asiana Fund, along with new individual backers. Known for its instant noodles and pasta products, the brand plans to expand across retail, digital platforms, and new product formats as it deepens its omnichannel presence.

This week’s funding activity highlights a clear trend: capital continues to back startups with strong revenue traction, differentiated technology, and long-term scalability. From AI and spacetech to consumer brands and flexible workspaces, investors are placing calculated bets on businesses building for the next decade.

That’s your Weekly Funding Index—tracking where the money is flowing and which startups are scaling with confidence.