Indian startups raised over $357 million from Feb 10 to Feb 15, 2025; ToneTag tops the list

Between February 10 and February 15, 2025, as many as 21 startups from diverse sectors raised over $357.70 million in funding from investors.

These sectors include Fintech, AI, Edtech, Retail, Ride-hailing, EV, Healthcare, Healthtech, Sports, Manufacturing, Footwear, and Wellness.

Last week, Indian startups raised over $128 million, with Cashfree Payments raising $53 million alone.

High-value deals

A diverse range of sectors attracted investments during the week, with fintech leading the pack. Leading this sector was Voice payment proviuder ToneTag, which raised $78 million in a Series B2 funding round. AI-powered CLM platform SpotDraft raised $54 million in a Series B round. 

The list was followed by Banking tech Zeta, IoT and AI-driven commercial HVAC automation provider 75F, EV firm PMI Electro Mobility, and Ride-hailing firm Rapido, which collectively raised $152.68 million. 

Zeta raised $50 million, 75F raised $45 million, PMI Electro Mobility and Rapido raised $57.68 million.

Emerging startups

Talent mobility startup BorderPlus raised $7 million in funding, Fintech startup Rupeeflo raised $1 million in a Pre-Seed funding round, Footwear startup JQR raised $25 million in funding, Wellness startup Bold Care raised $5 million in a Series A funding round, Croft Beverages raised $125,000 in funding, Pickleball chain GoRally raised $750,000 in a Pre-Seed funding round, Lucidity raised $21 million in a Series A funding round, Fintech startup ArthAlpha raised $2 million in a Seed funding round, CAPGRID raised $5 million in a Series A funding round. Healthcare startup Nivaan Care raised $4.25 million in a Seed funding round, AI-powered channel loyalty and rewards platform Almonds Ai raised $1.9 million in a Seed funding round.

Meanwhile, Healthtech startup LifeSigns, MontyCloud, Fintech startup Rubyworks, and Edtech startup Bambinos.Live kept the fuding figures under wraps.

Mergers and acquisitions

The period also witnessed strategic mergers and acquisitions. KiranaPro acquired Joper.app and MSys Technologies acquired Gophers Lab.The period also witnessed strategic mergers and acquisitions. KiranaPro acquired Joper.app and MSys Technologies acquired Gophers Lab.