Source: TechStory
Indian startups raised funds to diversify and achieve higher success. Below is this week’s funding roundup of top Indian startups for the period of April 28 to May 2, 2025.
Kult Secures $20M to Revolutionize AI-Powered Beauty Discovery
Funding: $20M
Investors: Dr. Payal Kanodia, Aishwarya Bansal (M3M Family Office), Venture Catalysts
Indian beauty tech startup Kult has raised about $20 million in Series A funding from M3M Family Office and Venture Catalysts, among others. Founded by Ruchika Pallavi and Karishma Singh, Kult uses artificial intelligence to provide skincare personalized to consumers and features products for different Indian skin tones. The funds will augment the developments in technology and category expansion, facilitate the onboarding of 700 brands worldwide, allow operations to handle over 10,000 orders each day, and hire 200+ additional employees for nationwide expansion.
HexaHealth just secured $12 million in funding to stretch healthtech services wider.
Sector: Healthtech
Funding: $12M (₹102 Cr)
Investors: Orios Venture Partners, 3one4
HexaHealth, a surgical care platform operating in India, has raised $12 million in Series A funding, which was led by Orios Venture Partners along with 3one4 Capital. Currently, it is used to enable more than 30,000 surgeries, out of which more than 15,000 are for FY 2025. Funding will now go into upgrading existing technology, broader partnerships, and simple discovery of hospitals and surgery bookings.
Metafin Raises $10M to Scale Solar Lending
Funding: $10M
Investors: Vertex Ventures Southeast Asia & India
Metafin, an NBFC focusing on solar initiatives, raised $10 million in Series A funding to scale its solar lending operations and enhance rural solar adoption. The round was led by Vertex Ventures Southeast Asia and India, in addition to existing investors and financial institutions. This investment will help the company expand its reach, enhance its technology infrastructure, and improve its risk management systems and thus further the financial access to solar solutions in the underserved rural areas.
QNu Labs Secures 60 Cr Funding for Quantum Cybersecurity Innovations
Funding: ₹60 Cr
Investors: National Quantum Mission (₹25 Cr), others undisclosed
The startup from India specializing in quantum technology for secure communications-qnu-lab– has raised Series A funding to the tune of Rs 60 crores, where the National Quantum Mission has contributed a part. The cumulative amount of funding now stands at Rs 169 crores (USD 20 million). The funds shall be used for expanding global operations and R&D concerning QKD, QRNG, and PQC technologies.
Anveshan Raises ₹48 Cr to Expand Farm-to-Table Food Brand
Funding: ₹48 Cr
Investors: Wipro Consumer CareVentures
Anveshan, a farm-driven food label, has secured first-time external funding under Series A with Rs 48 crore led by Wipro Consumer Care Ventures around members like DSG Consumer Partners, Titan Capital Fund, Force Ventures, and prominent angel investors including Aman Gupta and Sameer Mehta of BoAt Lifestyle. The brand, which launched in 2020, links the consumer directly with healthy and traceable food and will utilize the funds to scale operations, strengthen the supply chain and enhance product innovation. Growing at an annual rate of 80%, Anveshan is expected to be at least a Rs 100 crore revenue run rate in FY25.
Kaleidofin Secures $5.3M to Strengthen Financial Services for the Underserved
Funding: $5.3M (₹44.5 Cr)
Investors: IDH Farmfit Fund
With this fresh infusion from the IDH Farmfit Fund, Kaleidofin has garnered a total of US$19 million in the current financing round, bringing its investment from this particular fund to US$5.3 million. The proceeds would make it possible to enhance its lending portfolio and proposal towards the mission for credit scoring tools to enable customized financial solutions for informal sector workers. The venture would shape financial solutions for smallholder farmers, and the major initiative will be the “ki score agri” credit health tool. Kaleidofin has raised $42 million cumulatively since its establishment in 2017.
CollegeDekho Raises ₹40 Cr in Debt to Expand Higher Ed Services
Funding: ₹40 Cr
Investors: Recur Club
Higher education services startup CollegeDekho has raised ₹40 crores worth of debt funding from Recur Club, a debt marketplace designed for high-growth businesses. This such an infusion would facilitate the expansion projects of the company and strengthen the technology backbone while streamlining operations for the next college admission season. As part of its growth strategy, the platform has also been scaling its student counseling services and enhancing the tools to discover colleges.
