On 17 July 2025, India’s startup ecosystem saw fresh funding across sectors like health food, robotics, packaging, and AI. At the same time, major companies like Airtel, Flipkart, and Jupiter announced key product and business updates. Here’s a roundup of all the top funding deals and key business news from the day.
Daily Indian Startup Funding Digest: 17 July 2025
| Startup | Amount (₹ / US$) | Stage | Lead Investor(s) | Sector |
|---|---|---|---|---|
| LO! Foods | ₹29.75 cr (~$3.5 m) | Series B | Rainmatter Health & Capital Code | Functional Food / Health‑Tech |
| Burger Singh | ₹47.15 cr (~$5.5 m) | Growth | Negen Value Fund, Nine Rivers Capital + 19 others | QSR / Food & Beverage |
| DCG Tech | ₹15 cr | Pre‑Series A | GVFL Ltd (₹10 cr), Auxano Capital, promoters | B2B Packaging & Procurement |
| ParkoBot | ₹2.09 cr | Seed | Inflection Point Ventures (IPV) + angel investors | IoT/Robotics – Smart Parking |
| Onetab.ai | Undisclosed | Bridge / Follow‑on | Hyperscope Limited Fund, Elrise (Singapore) | AI Agent – SDLC Productivity |
| Zetwerk | ₹75 cr debt (~$8.8 m) | Debt Financing | JM Financial | B2B Manufacturing Marketplace |
LO! Foods – $3.5 Million in Series B
Bengaluru-based LO! Foods has raised $3.5 million (approx ₹29.75 cr) in a Series B round, led by Rainmatter Health (Zerodha’s health initiative) and Singapore‑based Capital Code, with participation from Mount Judy Ventures, ICE.vc, KPB Ventures, among others. The funds will support warehousing expansion, backend tech upgrades, pilot offline stores in Bengaluru, and brand‑building efforts.
Burger Singh – INR 47.15 Crore in Growth Round
Homegrown QSR chain Burger Singh has raised INR 47.15 crore ($5.5 million) in a growth funding round, co‑led by Negen Value Fund and Nine Rivers Capital, with additional investment from Rhodium Trust and 19 other investors. The round aims to fuel operations, capex, expansion, logistics, and general corporate uses.
DCG Tech – INR 15 Crore in Pre‑Series A
DCG Tech, a B2B packaging, warehousing and procurement platform, has secured INR 15 crore in a pre‑Series A raise. GVFL Ltd invested INR 10 crore, with participation from Auxano Capital and the company’s promoters. The funds will accelerate growth, enhance platform capabilities, and support international expansion.
ParkoBot – INR 2.09 Crore Seed Round
IoT‑based smart parking startup ParkoBot has raised INR 2.09 crore in a seed funding round, led by Inflection Point Ventures (IPV), with further backing from high‑net‑worth individuals. The capital will be used to strengthen infrastructure, expand to new cities, bolster backend systems, and diversify offerings.
Onetab.ai – Undisclosed Bridge Round
Onetab.ai, India’s first SDLC‑focused AI agent, has raised an undisclosed bridge/follow‑on round from Hyperscope Limited Fund and Singapore’s Elrise, following its initial $3.3 million seed round. The funds will help further R&D for its Onetab AI Agent, which automates workflow in software development.
Zetwerk – Debt Financing
Manufacturing unicorn Zetwerk has raised INR 75 crore ( $8.8 million) via non‑convertible debentures issued to JM Financial, as per filings with the Registrar of Companies. The debt is intended to support working capital and supply‑chain scaling as the company moves toward its upcoming IPO.
Key News Highlights for 17 July 2025
Smartworks Lists at 7% Premium Over IPO Price
Managed office space provider Smartworks made its stock market debut with a 7% premium over its IPO issue price. The strong listing reflects investor confidence in the flexible workspace sector. With this move, Smartworks becomes one of the few office solutions providers to go public in India, tapping into the growing demand from enterprise clients and startups.
Jupiter Money Receives IRDAI Nod to Enter Insurance Distribution
Neobank Jupiter Money has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to act as a corporate agent for insurance distribution. This licence enables Jupiter to offer insurance products directly through its platform via partnerships with registered insurers. The move expands Jupiter’s financial services suite and aligns with its goal of becoming a comprehensive personal finance platform.
Flipkart Launches 'Advertise Now, Pay Later' for MSME Sellers
E-commerce platform Flipkart has rolled out a new initiative called ‘Advertise Now, Pay Later’, aimed at improving access to advertising for small and medium-sized sellers. The feature allows sellers to launch ad campaigns on Flipkart without upfront payments and pay later, based on their sales cycle. This initiative is expected to boost visibility and growth for thousands of MSME sellers on the platform.
Ullu Ventures into Web3 with Launch of UlluCoin
OTT content platform Ullu has forayed into the Web3 space by launching its own blockchain-based token, UlluCoin. The new token will be used to reward both content creators and viewers, aiming to decentralise the content monetisation process. Through UlluCoin, the company plans to build a participative digital ecosystem where users can earn and engage directly with content on-chain.
Airtel Offers Free INR 17,000 Perplexity Pro Subscription Across 360 Million Users
Bharti Airtel has partnered with Perplexity AI to provide a free 12-month Perplexity Pro subscription, valued at INR 17,000, to its entire customer base (approximately 360 million users across mobile, fixed broadband, and DTH). The premium plan includes features such as unlimited Pro searches, access to AI models like GPT‑4.1 and Claude, image generation, file uploads, Perplexity Labs, and more. The offer can be redeemed via the Airtel Thanks app.
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