Westbridge Capital

The Pre-Series B round was led by WestBridge Capital with Elevation, Goodwater, and angels Shyamal Anadkat and Ronnie Screwvala participating.

The company plans to deploy the fresh funds to enhance product innovation, expand into global markets, and strengthen its artificial intelligence driven credit intelligence capabilities.

PhysicsWallah (PW) has also expanded its offerings beyond school entrance preparation to postgraduate exams, civil services coaching, and skill development programmes.

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.

Tracking the top deals that shaped the startup funding landscape this week.

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.

The capital will be used to accelerate Tessell's global go-to-market strategy and enhance R&D efforts focused on building AI-powered capabilities that simplify, optimise, and scale enterprise data management across cloud ecosystems.

The Indian startup ecosystem saw a flurry of funding activity this week, with major investments pouring into fintech, legal tech, cloud computing, and mobility startups. Here's a look at the biggest funding rounds of the week:

This latest investment comes just seven months after the company secured USD 120 million in a round led by WestBridge.

With the fresh funds, Lucidity plans to expand the go-to-market team and continue innovating the platform to solve key storage management problems for enterprises around the world.

Founded in 2022 by a team of IIT Kharagpur alumni—Raj Singh, Abhinav Shashank, Jyotika Gupta, and Sudarshan Ravi Jha—z21 Ventures is dedicated to investing in the pre-seed and seed stages, focusing on key segments such as artificial intelligence, enterprise software, and healthcare.

With this fresh round of funding, Physics Wallah plans to aggressively scale its operations. It also aims for inorganic expansion, entry into the K-12 segment, enhanced content offerings, and potential mergers with community-driven education platforms.

With the fresh proceeds, Way2News will focus on scaling operations, enhancing technology, and expanding its presence in the South Indian market.

The newly raised capital will be utilised to fuel Rapido's expansion across India and further enhance its technological platform, which is aimed at improving service delivery and user experience.

Here is a list of the startups that have raised the most money this week, from July 27 to Aug 2.

Rapido is the third company to join the unicorn club this year, following fintech Perfios and AI startup Krutrim.

The firm will use the proceeds to scale up its tech platform and expand its product portfolio and presence in North America, the Middle East, and Asia.

The Bengaluru-based platform aims to deploy the raised money to expand its offerings and market reach.

The company plans to utilize the funds to accelerate growth in the untapped domestic market and expand its coverage across the country