According to people familiar with the matter, Vedantu is exploring the possibility of raising an additional USD 20 to 25 million over the next five to six months.
The Series C round's first close was led by Accel, followed by a second close led by Peak XV Partners, with significant participation from WestBridge Capital and Info Edge Ventures.
With the new funds, Arivihan plans to deepen its focus on Class 12 students preparing for state boards, CBSE, and NEET examinations, particularly from tier II and tier III cities.
Fintech and enterprise applications led sectoral funding, attracting the highest capital. Among investors, Accel topped with the most deals, followed by active participation from Angel List, LetsVenture, and Premji Invest.
The funding will accelerate product enhancements, including advanced automation as SEBI opens algorithmic trading for retail users, market expansion, and team growth to support Sahi's growing trader base.
The funds will primarily be used to scale up the company's manufacturing capacity, while also expanding its leadership team and strengthening its client-facing engineering and R&D divisions.
This latest capital injection pushes the round's total size to around USD 161 million, with Accel Leaders Fund having previously led the round with a USD 131 million investment.
Ecommerce major Flipkart, through its subsidiary Quick Routes International, exited its entire 9.01% stake in BlackBuck, fetching INR 672 crore via two bulk deals. Flipkart had already sold 3.9 million shares during BlackBuck's public listing late last year.
The Bengaluru-based company will deploy the fresh funds to expand its agent-based AI architecture, deepen platform integrations, and unlock new verticals where professionals rely on time-bound services.
The company plans to deepen its dataset, expand collaborations in oncology, autoimmune, and cardiovascular research, and improve its predictive models for early disease detection and treatment response.
Xeed Ventures, Waterbridge Ventures, and angel investors such as Binny Bansal (co-founder of Flipkart), Asha Jadeja Motwani, and GreyOrange founders Samay Kohli and Akash Gupta also participated in the round.
Accel, Blume Ventures, and Sequoia Capital led overall. 100X.VC, Venture Catalysts, and Antler dominated seed-stage, while Accel, Alteria Capital, and Peak XV led early-stage. Think Investments, M&G, and Mars Growth Capital topped late-stage deals.
The round saw participation from prominent investors including Accel India, Evolvence, Chiratae Ventures, Hero Enterprises, Bertelsmann, and Aavishkaar India.
This latest fundraise follows Innovist's INR 58 crore Series A round in November 2023, bringing its total capital raised to over USD 26 million to date.
The fresh capital will accelerate RapidClaims' go-to-market initiatives and enhance its AI-powered claim denial prevention technology, helping healthcare providers reduce costs by up to 70% and streamline reimbursements.
The fresh capital will fuel the development and testing of Nabhdrishti's next-generation engine prototypes, accelerating its mission to indigenise propulsion systems and make clean energy solutions more affordable.
Scimplify will use the funding to expand beyond 16 countries and strengthen its presence in life sciences, crop sciences, and industrial chemicals, tackling sourcing, regulatory, and large-scale manufacturing challenges.
This week saw several startups secure crucial funding to scale their operations and expand market reach. From AI-driven research solutions to commercial EV financing, here are the standout funding deals of the week.
The company plans to use the fresh capital to enhance its AI agents, expanding their analytical capabilities across multiple industries while strengthening partnerships to improve access to domain-specific intelligence.