August 26, 2025: Indian startups raised over ₹725 crore (~$87 million) in funding across six key deals between August 25 and 26, as investors continued to back innovation in fintech, quick commerce, supply chain, and consumer brands.
The largest funding came from fintech players, with Bengaluru-based Kiwi securing $24 million to strengthen its UPI-based credit platform. Similarly, digital lending startup CredRight raised $10 million, aiming to expand financial access in Tier II–IV markets.
Palmonas, a demi-fine jewellery brand, raised ₹55 crore in a Series A funding round led by Vertex Ventures Southeast Asia and India. The Pune-based startup, co-founded by actor Shraddha Kapoor, plans to use the funds to scale operations within India and explore international markets. The brand aims to popularise demi-fine jewellery as a category distinct from traditional and fast fashion accessories.
Kiwi, Palmonas, Enmovil Lead ₹725 Cr Funding
CredRight, a fintech firm catering to micro and small enterprises, secured $10 million in Series B funding, with participation from Abler Nordic and the Michael & Susan Dell Foundation. The company said it will use the capital to increase its loan book, expand outreach to underserved Tier II to Tier IV markets, and invest in technological infrastructure.
Another Bengaluru-based fintech startup, Kiwi, announced a $24 million Series B round, with investments from Vertex Ventures, Nexus Venture Partners, Stellaris Venture Partners, and the Omidyar Network. Kiwi, which facilitates credit access through UPI, said it would allocate the funds to strengthen product development and streamline its business model.
In the quick-commerce space, Peeko, a startup focused on baby-care essentials, raised $3.2 million in a seed round led by Stellaris Venture Partners. The company is positioning itself as a go-to platform for young parents seeking timely delivery of trusted baby products. Peeko plans to invest in warehousing, logistics, and customer acquisition.
Hyderabad-based Enmovil, a startup using AI to optimise supply chain operations, closed a $6 million Series A round led by Sorin Investments, with participation from Capria Ventures and Twynam. The company said it will expand its sales team, enhance its AI-driven platform, and explore enterprise partnerships in overseas markets.
These announcements come amid a steady flow of venture capital into Indian startups, particularly those offering sector-specific digital solutions and scalable logistics. Despite macroeconomic headwinds, investor confidence remains focused on strong unit economics and clear market demand.
