From Fintech to Wellness: Top Startup Funding Stories of the Week (Feb 01–07) Indian startups continue to attract significant funding, with innovative solutions across sectors. Here's a look at the top funding deals of the week:
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Cashfree Payments
Founded in 2015 by Akash Sinha and Reeju Datta, Cashfree Payments is a Bengaluru-based payments and API banking solutions company. The platform supports over 100 payment methods, enabling businesses to handle collections, payouts, and cross-border transactions. Features like one-click checkout and abandoned cart recovery boost user experience and conversions.
Funding Amount: USD 53 Million
Investors: KRAFTON, Apis Growth Fund II
TrueFoundry
TrueFoundry, founded in 2021 by Nikunj Bajaj and Abhishek Choudhary, simplifies machine learning (ML) for enterprises. The Bengaluru and San Francisco-based startup offers a cloud-native platform to deploy and manage ML applications on the cloud or on-premise infrastructure. By enabling faster scalability and improved governance controls, TrueFoundry helps businesses achieve 90% faster deployment of ML/LLM applications. Its innovative approach enhances operational efficiency in AI projects.
Funding Amount: USD 19 Million
Investors: Intel Capital, Eniac Ventures, Peak XV's Surge, Jump Capital, Gokul Rajaram, Mohit Aron, Cyan Banister
VilCart
Bengaluru-based VilCart, founded in 2018 by Prasanna Kumar and Amith S Mali, bridges the gap between rural kirana stores and manufacturers. The rural commerce tech platform simplifies supply chain management and ensures access to essential goods like groceries, electronics, and FMCG products for rural families. VilCart also fosters local businesses, creating employment opportunities and empowering rural communities through better logistics and inventory solutions.
Funding Amount: USD 10 Million
Investors: AI-X BV, Spark Capital, Nabventures
HairOriginals
Established in 2019 by Jitendra Sharma and Piyush Wadhwani, Gurugram-based HairOriginals specialises in premium human hair extensions. Their products offer non-surgical solutions for enhancing hair volume, length, and color. Known for ethical sourcing and a chemical-free approach, HairOriginals caters to global consumers seeking DIY hair transformation solutions.
Funding Amount: USD 5 Million
Investors: Anicut Growth Fund, 12 Flags Consumer Holdings, Peyush Bansal
Nua
Founded in 2017 by Ravi Ramachandran, Mumbai-based Nua is transforming women's wellness with personalised and toxic-free products. Starting with sanitary pads, the brand has expanded its offerings to include period panties, intimate hygiene products, cramp-relief solutions, and postpartum care items. Nua also addresses skincare issues like cyclical acne, delivering holistic solutions tailored to women's health needs.
Funding Amount: USD 4.22 Million
Investors: Mirabilis Investment Trust, Samir Singh, and Shuchi Kothari
This week's funding highlights the diverse innovation landscape in India, from fintech and AI to rural commerce and women's wellness.
