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Time of India
11-05-2025
- Business
- Time of India
Indian startups secure $585.71 million in funding this week
New Delhi: In a significant surge, Indian startups collectively raised approximately USD 585.71 million this week, marking a substantial increase from the USD 102.93 million secured the previous week. This uptick reflects a growing investor confidence and interest in India's burgeoning startup ecosystem. The majority of this funding was directed towards growth-stage companies, with notable investments including Porter, an on-demand goods transport agency, which secured USD 200 million in its Series F funding round. This round was led by Kedaara Capital and Wellington Management, propelling Porter into the unicorn club. Other significant growth-stage investments encompassed automotive company Routemotic, which raised USD 40 million in its Series C round, and interior design startup Flipspaces, which secured USD 35 million led by Iron Pillar. Additionally, logistics firm Celcius Logistics, foodtech company The Good Bug, and e-commerce startup Blissclub also attracted substantial investments this week. On the early-stage front, 20 startups collectively raised USD 263.41 million. Healthcare company PB Healthcare led this segment with an impressive USD 218 million seed round, backed by General Catalyst. Other early-stage startups that garnered funding include robotics company Posha, edtech firm Footprints, spacetech startup InspeCity, commercial vehicle platform 91Trucks, and proptech company Alt DRX. Geographically, Delhi-NCR-based startups led the funding race with 11 deals, closely followed by Bengaluru with 10 deals. Startups from Mumbai and Chennai also secured investments, indicating a diverse and widespread entrepreneurial activity across the country. Sector-wise, healthtech startups emerged as the most attractive to investors, securing four deals. Logistics and foodtech sectors followed with three deals each, while artificial intelligence, automotive, decor, and robotics sectors also saw investor interest. Meanwhile, in the previous week, the Indian startups had raised approximately USD 102.93 million across 25 deals, with strong contributions from early-stage and growth-stage companies. Bengaluru and Delhi-NCR-based startups led the funding race last week, with seven deals each, followed by Mumbai and Chennai.
Entrepreneur
10-05-2025
- Business
- Entrepreneur
Investor Favorites This Week: Meet the Startups Making Headlines
The below startups secured the highest funding this week, leading the charts from May 03 to May 09. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's startup landscape buzzed with fresh activity this week as innovative ventures secured significant funding across logistics, mobility, wellness, femtech, and AI-driven consumer technology. The deals underscore a robust investor appetite for scalable, tech-forward solutions aimed at modern-day urban challenges and lifestyle transformation. Porter Funding Amount: USD 200 Million Investors: Kedaara Capital, Wellington Management, Vitruvian Partners Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary—all IIT alumni—Porter is a Bengaluru-based logistics platform that streamlines intra-city freight and delivery. The company offers a wide range of services, including on-demand mini-trucks, enterprise logistics, and household packers and movers. Porter serves both B2B and B2C segments, making city logistics faster, affordable, and tech-driven. Routematic Funding Amount: USD 40 Million Investors: Fullerton Carbon Action Fund, Shift4Good Bengaluru-based Routematic, founded in 2013, delivers AI-powered corporate mobility solutions. The platform integrates SaaS-based commute management with Transport-as-a-Service (TaaS), enabling real-time dispatch, automated routing, and effective demand-supply matching. Its solutions have proven to reduce operational costs and improve commuter safety for large organisations. The Good Bug Funding Amount: USD 12 Million Investors: Susquehanna Asia Venture Capital, Fireside Ventures Launched in 2022 by Keshav Biyani and Prabhu Karthikeyan, The Good Bug is a Mumbai-based gut health startup. Its offerings include synbiotics, probiotics, prebiotic fibers, and detox supplements, targeting common issues like bloating, constipation, and weight management. The brand taps into the growing demand for holistic wellness through science-backed nutrition. Posha Funding Amount: USD 8 Million Investors: Accel, Xeed Ventures, Waterbridge Ventures, Binny Bansal, Asha Jadeja Motwani, Samay Kohli, Akash Gupta Formerly known as Nymble, Bengaluru-based Posha was founded in 2016 by Raghav Gupta and Rohin Malhotra. The company offers an AI-enabled kitchen robot that automates home cooking. With camera and thermal sensors, it personalises recipes and prepares over 500 dishes across 10+ cuisines, giving busy families an effortless way to eat healthy and delicious meals. BlissClub Funding Amount: USD 5.3 Million Investors: Elevation Capital, Eight Roads Ventures, Alteria Capital Founded in 2020 by Minu Margeret, BlissClub is a Bengaluru-based D2C femtech brand. It focuses on "movewear" for women—an activewear-meets-lifestyle line that includes leggings, tops, outerwear, and travel wear. With performance and style at its core, the brand is building a loyal community of health-conscious women. As these startups gear up for their next phase of growth, this week's funding surge reflects the resilience and adaptability of India's innovation ecosystem, where bold ideas backed by capital continue to reshape the way we live, move, and consume.
Time of India
08-05-2025
- Business
- Time of India
Porter becomes India's second unicorn of 2025 with $200 million fundraise
BENGALURU: Porter , an on-demand logistics platform, has raised $200 million in a Series F round led by Kedaara Capital and Wellington Management, entering India's unicorn club with a valuation of $1.1-$1.2 billion, people familiar with the deal told TOI. The transaction includes a mix of primary and secondary components. This marks the second known unicorn of 2025 from India, following AI-powered fleet safety startup Netradyne, which joined the club earlier this year after a funding round led by SoftBank. India had produced only two unicorns in all of 2025, highlighting the current cautious funding environment amid a global venture slowdown. Founded in 2014, Porter operates in the intra-city and inter-city logistics space, offering services such as on-demand trucks, two-wheelers, enterprise logistics, and packers and movers. Operation Sindoor IC-814 hijacking mastermind Abdul Rauf Azhar killed in Op Sindoor Pahalgam attack: India flays Pak for opposing TRF mention in UN statement Did Pak shoot down Indian jets? What MEA said It currently has operations in 22 Indian cities and a presence in two overseas markets. The company serves over 30 lakh customers and engages with about 3 lakh gig workers monthly. With the fresh capital, Porter aims to expand into additional Indian cities, strengthen its tech stack, and develop infrastructure to support over 1 million gig workers, the company said. 'Porter has built a tech-first platform that delivers reliable logistics solutions at scale in an unorganised and underserved market,' Kedaara Capital's Anant Gupta and Ashutosh Sardesai said in a joint statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Médico revela: 'esse tipo de magnésio está mudando a vida de meus pacientes' AlwaysFit Saiba Mais Undo They cited Porter's asset-light model and operational discipline as key strengths. Wellington Management's Asia sector lead Prakhar Singh said Porter's platform plays a critical role in driving efficiency for MSMEs and gig workers. 'The company's execution-first mindset has helped reorganise a fragmented market from the inside out,' Singh noted. Porter co-founder and CEO Uttam Digga said the company's focus remains on building efficient and inclusive logistics systems. 'This funding gives us momentum to scale sustainable solutions and empower the communities we serve,' he said. Peak XV Partners, an early backer of the company, exited its stake in the round, sources told TOI. Partner Shailesh Lakhani said, 'In many cities, to 'Porter' something now means you're guaranteed reliable delivery. That's a mark of how deeply integrated the platform has become.' Porter's unicorn status comes amid expectations of more late-stage deals in India as investors selectively back companies showing strong unit economics and clear paths to profitability. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Indian Express
08-05-2025
- Business
- New Indian Express
Logistics startup Porter raises $200 million in Series F funding, valuation hits $1.2 billion
BENGALURU: Logistics startup Porter has raised $200 million in a Series F funding round led by Kedaara Capital and Wellington Management. The funding values the firm at about $1.2 billion. In its last fundraising round, the company entered the unicorn club. The latest round included a mix of primary investment in the company and secondary exits to a few existing shareholders. With this fresh capital, the company is set to expand operations across multiple cities, with the goal of reaching millions of MSMEs and enabling opportunities for over 1 million gig workers. Uttam Digga, Co-Founder & CEO, Porter, said, 'Since our inception, we have been committed to making urban logistics more efficient, intelligent, and inclusive — supporting MSMEs, empowering gig workers, and strengthening the communities we serve."
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Business Standard
08-05-2025
- Business
- Business Standard
Porter raises $200 mn in Series F round led by Kedaara and Wellington
Porter, India's leading intra-city logistics startup, has raised $200 million in a Series F funding round co-led by private equity firm Kedaara Capital and global asset manager Wellington Management, according to a company statement. Existing investor Vitruvian Partners also participated in the round. The funding, which values the Bengaluru-based firm at approximately $1.2 billion, marks a key milestone for Porter as it doubles down on its technology-led, asset-light logistics platform that serves small businesses and gig workers across urban India. Porter was previously valued at $1 billion in its last fundraising round. Founded in 2014, Porter has emerged as a dominant player in the fragmented intra-city transport space, offering a suite of services that includes on-demand trucking, packers and movers, and enterprise logistics solutions. The company plans to use the fresh capital to scale operations, enhance its tech capabilities, expand its workforce and accelerate efforts to build a sustainable logistics network aligned with India's decarbonisation goals. 'We're thrilled to bring Kedaara and Wellington on board as strategic partners,' said Uttam Digga, co-founder and chief executive officer of Porter. 'This investment will enable us to deepen our impact on MSMEs and gig workers while expanding our footprint and enhancing service quality across cities.' Anant Gupta, partner, and Ashutosh Sardesai, director at Kedaara Capital, called Porter the 'undisputed leader' in intra-city logistics and praised its scalable, tech-enabled approach. The latest funding round positions Porter among India's growing cohort of logistics unicorns, as demand for efficient last-mile freight services continues to surge.
