From Milky Mist filing for an INR 2,035 crore IPO to Paytm turning profitable this quarter, the day was filled with major updates across sectors. On the funding front, Escape Plan secured fresh capital to scale its offline and quick-commerce model. Here's your quick roundup of the top funding deals and key business news in India for 22nd July 2025.
Daily Indian Startup Funding Digest – 22 July 2025
| Company | Funding | Round | Lead Investors | Location |
|---|---|---|---|---|
| Escape Plan | US $5 million | Seed | Jungle Ventures (First Cheque@Jungle), Fireside Ventures | Bengaluru |
| ApClub | INR 2 crore | Pre‑seed | Curefit Healthcare | Bengaluru |
Escape Plan Raises $5 Million in Seed Round
Bengaluru-based travel accessories startup, Escape Plan, has secured $5 million in a seed funding round. The round was led by Jungle Ventures (through its First Cheque@Jungle initiative) and Fireside Ventures. Founded by Abhinav Pathak and Abhinav Zutshi, Escape Plan offers products like luggage, backpacks, and travel essentials. The startup aims to expand to over 100 stores in the next 18 to 24 months and also plans to launch a quick-commerce model offering 1–2 hour delivery in select metros. The funding will be used to scale operations, build inventory, and invest in omnichannel infrastructure.
ApClub Raises INR 2 Crore in Pre-Seed Funding
Bengaluru-based fitness startup ApClub has raised INR 2 crore in a pre-seed funding round led by Curefit Healthcare. PedalStart and a group of angel investors also participated. Founded in October 2023 by Shalabh Malhotra, ApClub offers doorstep fitness services including yoga, Pilates, weight training, and sports coaching. The startup currently operates in over 40 apartment communities in Bengaluru and plans to use the fresh funds to expand its team, launch new wellness formats, and develop a mobile app. The goal is to make professional fitness services easily accessible at home.
Key News Highlights for 22 July 2025
Milky Mist Files DRHP for INR 2,035 Crore IPO
Milky Mist Dairy Food Ltd has submitted its Draft Red Herring Prospectus (DRHP) with SEBI, aiming to raise up to INR 2,035 crore via an IPO—comprising INR 1,785 crore in fresh equity and INR 250 crore through offer-for-sale by promoters Sathishkumar T and Anitha S. The funds will be used largely to repay debt (INR 750 crore), expand and upgrade its Perundurai manufacturing facility (INR 414 crore), invest in cold‑storage equipment (INR 129 crore), and for general corporate purposes.
Paytm Turns Profitable in Q1 FY26
One 97 Communications, the parent of Paytm, posted a net profit of INR 123 crore in Q1 FY26 (ended 30 June), reversing a loss of INR 840 crore in Q1 FY25. Revenue from operations rose to INR 1,918 crore—an increase of 27‑28% year‑on‑year—and overall expenses declined by about 19%, driven by AI‑led efficiency gains. The profit surge was propelled by strengthened payments and lending businesses.
Costco to Open First Tech Hub in India
U.S. retail giant Costco Wholesale Corp is establishing its inaugural Global Capability Centre (GCC) in Hyderabad, set to employ 1,000 staff initially, with scope to grow further. The hub will support technology, research, finance, and operations, marking a strategic shift for Costco and further entrenching India’s role as a major global GCC destination.
Foxconn’s Telangana Plant Hit by Rare‑Earth Shortage
Production of Apple AirPods at Foxconn Interconnect Technology’s facility near Hyderabad has been impacted by a shortage of dysprosium due to China’s tightened export restrictions on rare-earth metals. Foxconn has raised the issue with the Telangana government and sought assistance from the DPIIT, though company statements say production remains uninterrupted for now.
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