Weekly Funding Roundup: Provilac Dairy Farms Leads India’s Top Startup Deals
Weekly Roundup: Provilac Dairy Farms, Dheya Engineering and Firi led India’s top startup funding deals this week.
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India’s startup funding landscape recorded USD 28.3 million across 12 equity rounds during September 11-17, compared to USD 213.4 million across 19 rounds in the previous week, a decline of 86.74%. Funding was down 91.19% compared to the week before that, which saw USD 321.4 million raised across 26 rounds.
The week’s funding activity was largely driven by early-stage funding, which accounted for USD 18.5 million, while seed-stage startups raised USD 9.8 million. No late-stage rounds were recorded during the week. The week also witnessed one tech IPO and one acquisition.
TOP FUNDING DEALS
1. Provilac Dairy Farms Provilac Dairy Farms provides a subscription-based service for farm-fresh milk products. Founded in 2013 and headquartered in Pune, the company raised USD 14 million in a Series A round from Pantheragp, making it the largest funding deal recorded during the week.
- Inception: 2013
- Headquartered: Pune
- Funding Amount: USD 14 million
- Investor: Pantheragp
2. Dheya Engineering Technologies Dheya Engineering Technologies provides indigenously designed turbomachinery products and engineering services. Founded in 2018 and headquartered in Bengaluru, the company raised USD 4.5 million in a Series A round led by Avaana Capital.
- Inception: 2018
- Headquartered: Bengaluru
- Funding Amount: USD 4.5 million
- Lead Investor: Avaana Capital
3. Firi Firi is an online retailer of curated skincare, haircare and bodycare products. Founded in 2024 and headquartered in Bengaluru, the company raised USD 3 million in a seed round led by 360 ONE, with participation from Better Capital and angel investor Kunal Shah.
- Inception: 2024
- Headquartered: Bengaluru
- Funding Amount: USD 3 million
- Lead Investor: 360 ONE
4. BonV Aero BonV Aero manufactures advanced unmanned aerial vehicles with heavy-payload capacity for logistics, defence and high-altitude operations. Founded in 2021 and headquartered in Bhubaneswar, the company raised USD 1.6 million in a seed round from angel investor Tim Draper.
- Inception: 2021
- Headquartered: Bhubaneswar
- Funding Amount: USD 1.6 million
- Investor: Tim Draper
5. Enlight Metals Enlight Metals operates a digital platform connecting industrial metal suppliers with verified business buyers. Founded in 2024 and headquartered in Pune, the company raised USD 1.5 million in a seed round.
- Inception: 2024
- Headquartered: Pune
- Funding Amount: USD 1.5 million
6. 1312 Interactive 1312 Interactive publishes PC and console games supporting creators. Founded in 2024 and headquartered in Hyderabad, the company raised USD 1 million in a seed round led by Chimera, with participation from T Accelerate, Ventana Ventures and angel investor Rahul Reddy.
- Inception: 2024
- Headquartered: Hyderabad
- Funding Amount: USD 1 million
- Lead Investor: Chimera
7. Factrika Factrika operates an on-demand industrial workforce platform. Founded in 2024 and headquartered in Delhi, the company raised USD 0.93 million in a seed round led by Info Edge Ventures.
- Inception: 2024
- Headquartered: Delhi
- Funding Amount: USD 0.93 million
- Lead Investor: Info Edge Ventures
8. AjnaLens AjnaLens manufactures mixed reality headsets. Founded in 2014 and headquartered in Mumbai, the company raised USD 0.84 million in a seed round from Lenskart.
- Inception: 2014
- Headquartered: Mumbai
- Funding Amount: USD 0.84 million
- Investor: Lenskart
9. Ecosys Cleaners Ecosys Cleaners manufactures water-soluble laundry pods for cleaning textile items. Founded in 2017 and headquartered in Mumbai, the company raised USD 0.52 million in a seed round led by GVFL, with participation from Proteus Partners.
- Inception: 2017
- Headquartered: Mumbai
- Funding Amount: USD 0.52 million
- Lead Investor: GVFL
10. Crowwd Crowwd distributes mutual funds and provides portfolio analysis and investment tools. Founded in 2022 and headquartered in Delhi, the company raised USD 0.26 million in an angel round with participation from Three Words Capital, Hexa and angel investors Ritesh Malik, Sachin Panwar, Deepak Raina, Gaurav Nagar and Somya Satsangi.
- Inception: 2022
- Headquartered: Delhi
- Funding Amount: USD 0.26 million
IPO Activity
The IPO market recorded one tech listing during the week.
- RentoMojo: Founded in 2014 and headquartered in Bengaluru, RentoMojo provides rental furniture, appliances and electronics for residential use. The company listed on September 17, 2026, with a market capitalization of approximately USD 438.3 million at IPO.
M&A Activity
One acquisition was recorded during the week.
- Perspect: Founded in 2017 and headquartered in Hyderabad, Perspect provides game-based, personality, language, skill and video assessment tools. The company was acquired by Unstop on September 17, 2026, for an undisclosed amount.
Most Active VCs
- Avaana Capital Advisors (1 round): Dheya Engineering Technologies
- Chimera (1 round): 1312 Interactive
- Info Edge Ventures (1 round): Factrika
Equity rounds and tech companies have been considered for the roundup.
Data source: Tracxn
India’s startup funding landscape recorded USD 28.3 million across 12 equity rounds during September 11-17, compared to USD 213.4 million across 19 rounds in the previous week, a decline of 86.74%. Funding was down 91.19% compared to the week before that, which saw USD 321.4 million raised across 26 rounds.
The week’s funding activity was largely driven by early-stage funding, which accounted for USD 18.5 million, while seed-stage startups raised USD 9.8 million. No late-stage rounds were recorded during the week. The week also witnessed one tech IPO and one acquisition.
TOP FUNDING DEALS
1. Provilac Dairy Farms Provilac Dairy Farms provides a subscription-based service for farm-fresh milk products. Founded in 2013 and headquartered in Pune, the company raised USD 14 million in a Series A round from Pantheragp, making it the largest funding deal recorded during the week.
Entrepreneur Staff • Editor
Entrepreneur Staff
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