₹1,357 Cr raised across 18 deals
Indian startups continued to attract investor interest in the second week of May 2025, securing a total of ₹1,357 crore across 18 disclosed deals. From MSME platforms to hygiene product manufacturers and AI tech service providers, funding this week reflected a diverse and maturing ecosystem.
Here’s a breakdown of key highlights:
Top 5 Deals This Week
1. JSW One Platforms | ₹340 Cr
Mumbai-based JSW One secured ₹340 crore in funding from Principal Asset Management, OneUp, and parent entity JSW Steel. Founded in 2018, the B2B platform connects MSMEs with raw materials and finance, and this round is expected to deepen its logistics and credit infrastructure.
2. Farmley (Connedit Business Solutions) | ₹339.76 Cr
Direct-to-consumer dry fruits and snacks brand Farmley raised a ₹339.76 crore Series C round led by L Catterton Asia, DSG Consumer Partners, and the BC Jindal Group’s family office. Founded in 2017, the New Delhi-based company is expected to scale exports and deepen cold-chain sourcing.
3. Nobel Hygiene | ₹170 Cr
Established in 2001, Nobel Hygiene – makers of adult diapers and baby hygiene products – raised ₹170 crore from Neo Asset Management. The Mumbai company is likely to channel the funds into product innovation and retail expansion.
4. Celebal Technologies | ₹127.41 Cr
Jaipur-based Celebal Technologies, an AI and cloud services firm, raised ₹127.41 crore in its Series B round from InCred Alternatives and Norwest Venture Partners. With rising enterprise AI adoption, Celebal is well-positioned to scale overseas operations.
5. 1-India Family Mart (Nysaa Retail) | ₹102.72 Cr
Value retail chain 1-India Family Mart brought in ₹102.72 crore in Series D funding. Investors include Gulf Islamic Investments, Foundation PE, and Carpediem Capital. The capital is expected to drive rural and Tier 3 city penetration.
Summary Takeaways
- Consumer brands and B2B platforms continue to dominate large-ticket deals.
- AI services and retail sectors are attracting institutional growth capital.
- Funding activity remains healthy despite lack of MCA disclosures – highlighting momentum driven by strategic interest and demand-side signals.