Weekly Wrap: Navi Leads Funding Surge with USD 100 Mn Raise; Two Tech IPOs Recorded

India’s startup funding landscape recorded USD 192.5 million across 13 equity rounds during August 14–20, compared to USD 113.4 million across 11 rounds in the previous week, according to the latest Tracxn data.

The week’s funding activity was largely driven by late-stage funding, which accounted for USD 142.9 million, while early-stage companies raised USD 44.6 million and seed-stage startups raised USD 5.1 million. The week also witnessed two tech IPOs and no acquisitions.

TOP FUNDING DEALS

1. Navi
Navi is a provider of financial products including UPI, loans, insurance and mutual funds. Founded in 2012 and headquartered in Bengaluru, the company raised USD 100 million in a Series C round from Prosus, making it the largest funding deal recorded during the week.

• Inception: 2012
• Headquartered: Bengaluru
• Funding Amount: USD 100 million
• Investor: Prosus

2. Big Mishra
Big Mishra is an internet-first brand of snacks and convenience food. Founded in 2021 and headquartered in Dharwad, the company raised USD 31.3 million in a Series C round from Bharat Value Fund.

• Inception: 2021
• Headquartered: Dharwad
• Funding Amount: USD 31.3 million
• Investor: Bharat Value Fund

3. NeoGeo
NeoGeo is a provider of technology-oriented geospatial services. Founded in 2019 and headquartered in Gurugram, the company raised USD 20 million in a Series A round led by Aavishkaar Capital and Neev Fund.

• Inception: 2019
• Headquartered: Gurugram
• Funding Amount: USD 20 million
• Lead Investor: Aavishkaar Capital, Neev Fund

4. Rezolv
Rezolv develops a platform for managing debt collection and recovery. Founded in 2024 and headquartered in Mumbai, the company raised USD 12.5 million in a Series A round led by Norwest, with participation from Vertex Ventures and 3one4 Capital.

• Inception: 2024
• Headquartered: Mumbai
• Funding Amount: USD 12.5 million
• Lead Investor: Norwest

5. BGauss
BGauss manufactures electric scooters designed for urban and developing environments. Founded in 2020 and headquartered in Mumbai, the company raised USD 11.6 million in a Series D round, with Bharat Value Fund, Adesh Realtor and Maithan Alloys among the investors.

• Inception: 2020
• Headquartered: Mumbai
• Funding Amount: USD 11.6 million
• Investors: Bharat Value Fund, Adesh Realtor and Maithan Alloys

6. Peeko
Peeko operates an online platform offering a quick commerce solution for baby and kids-care products. Founded in 2025 and headquartered in Bengaluru, the company raised USD 7 million in a Series A round led by Chiratae Ventures, with participation from Stellaris.

• Inception: 2025
• Headquartered: Bengaluru
• Funding Amount: USD 7 million
• Lead Investor: Chiratae Ventures

7. Lissun
Lissun operates a mobile app for mental health management. Founded in 2021 and headquartered in Gurugram, the company raised USD 5 million in a Series A round led by Colossa Ventures, with participation from Physis Capital, RPSG Capital Ventures, IvyCap Ventures, Rainmatter, Multiply Ventures, SucSEED, New Age India Fund and Beyond Capital Ventures.

• Inception: 2021
• Headquartered: Gurugram
• Funding Amount: USD 5 million
• Lead Investor: Colossa Ventures

8. AlgoFET
AlgoFET manufactures autonomous charging systems for drones. Founded in 2023 and headquartered in Bengaluru, the company raised USD 1.57 million in a seed round from Piper Serica.

• Inception: 2023
• Headquartered: Bengaluru
• Funding Amount: USD 1.6 million
• Investor: Piper Serica

9. Yantra Packs
Yantra Packs offers a technology-driven reusable packaging and pooling solutions platform. Founded in 2020 and headquartered in Gurugram, the company raised USD 1.25 million in a seed round led by Caret Capital.

• Inception: 2020
• Headquartered: Gurugram
• Funding Amount: USD 1.3 million
• Lead Investor: Caret Capital

10. Ekatra
Ekatra is an online retailer of rings, earrings, pendants, necklaces and bracelets. Founded in 2026 and headquartered in Mumbai, the company raised USD 1.04 million in an angel round from angel investor Vasuki Punj.

• Inception: 2026
• Headquartered: Mumbai
• Funding Amount: USD 1 million
• Investor: Vasuki Punj

IPO Activity

The IPO market recorded two tech listings during the week, with Shiprocket and Molbio Diagnostics becoming the companies that went public during the period.

1. Shiprocket: Founded in 2012 and headquartered in Delhi, Shiprocket provides e-commerce shipping, fulfillment, marketing and financial services, including courier integrations, warehousing and packaging, checkout optimisation and credit assessment tools. The company listed on August 19, 2026, with a market capitalization of approximately USD 734.9 million at IPO.
2. Molbio Diagnostics: Founded in 2000 and headquartered in Salcete, Molbio Diagnostics develops point-of-care molecular diagnostic platforms for infectious disease detection, including its Truelab real-time micro-PCR analyzer and Trueprep sample preparation device. The company listed on August 17, 2026, with a market capitalization of approximately USD 972.6 million at IPO.

Merger & Acquisitions activity remained subdued during the week, with no acquisitions recorded between August 14 and August 20.

Equity rounds and tech companies have been considered for the roundup.
Data source: Tracxn