In a week marked by strategic capital deployment and sector-specific thrusts, the Indian startup ecosystem demonstrated its resilience and growth appetite. Between April 7 and April 12, 2025, a series of notable Startup funding rounds reaffirmed investor confidence in domains such as fintech, cloud infrastructure, personal care, and logistics.
Here’s a breakdown of the week’s biggest movements in India’s startup capital landscape:
Tessell Raises $60M to Revolutionize Cloud Data Management
Tessell, a DBaaS (Database-as-a-Service) platform with roots in California and Bengaluru, made headlines by securing $60 million in a Series B round. Backed by marquee investors including WestBridge Capital, Lightspeed Venture Partners, B37 Ventures, and Rocketship.vc, the company aims to simplify enterprise-level data infrastructure. Having already closed deals with several leading enterprises in just six quarters, Tessell plans to use the funds to accelerate its go-to-market efforts and further innovation.
Easebuzz Secures $30M to Expand Payments Ecosystem
Pune-based fintech company Easebuzz raised $30 million in its Series B round, led by Bessemer Venture Partners, with participation from 8i Ventures and Varanium Capital. The funding will support the firm’s push into offline payments through POS and UPI-powered Soundbox solutions. With FY25 revenues reaching ₹650 crore, Easebuzz continues to build a vertically integrated operating system tailored for India’s digital economy.
Noise Secures ₹172 Cr to Strengthen Wearables Leadership
Homegrown wearables brand Noise, based in Gurugram, received an additional ₹172 crore (approximately $20 million) from Bose Corporation. This investment is an extension of the $10 million infusion from December 2023. Structured through 4,915 compulsory convertible debentures with an interest rate of just 0.001%, the capital will help Noise deepen its operational capabilities and fuel strategic growth initiatives.
Innovist Raises ₹136 Cr to Drive Beauty Innovation
Delhi-based Innovist, the parent company of personal care brands such as Bare Anatomy, Chemist at Play, and Sunscoop, raised ₹136 crore (~$16 million). The round was led by ICICI Venture, with additional backing from Play Ventures, Kalaari Capital, MIXI Investments, Gameskraft Technologies, and others. The funds will be used to boost product innovation and market expansion, while also facilitating the exit of early investor Accel. Innovist aims to cross ₹300 crore in revenue by the end of FY25.
Xindus Secures $10M to Scale Cross-Border Logistics
Xindus, a startup focused on streamlining cross-border logistics, completed a $10 million Series A funding round. The investment was led by Orios Venture Partners, with co-investment from Shastra VC and Caret Capital. Xindus plans to grow its customer base from 1,000 to 10,000 and achieve a Gross Merchandise Value (GMV) of $200 million over the next 18 months.
PARÉ Innovations Raises $8.5M to Expand Premium Panel Business
Mumbai-based PARÉ Innovations, a manufacturer of premium waterproof wall, ceiling, and façade panels with a wood finish, secured ₹72.9 crore (~$8.5 million) from Advenza Global Limited. With a post-money valuation of ₹540 crore, the firm, founded by Bipin and Parth Parmar in 2020, is now focused on scaling operations both domestically and globally, targeting a turnover of ₹1,000 crore within the next four years.
Key Trends Observed This Week
- Vertical Integration in Fintech and SaaS: Easebuzz’s strategy to fuse SaaS with payment infrastructure underlines a larger trend of vertical integration in India’s fintech space.
- Consumer Brands Gaining Traction: Innovist and Noise’s fundraising reflect continued investor interest in consumer-driven growth, especially in wearables and D2C beauty.
- Cross-Border Logistics on the Rise: Xindus’s funding signals the growing importance of logistics innovation as India continues to deepen its integration into global supply chains.
- Infrastructure Startups Attracting Capital: Tessell and PARÉ Innovations demonstrate how data and material infrastructure solutions are commanding investor trust in both software and physical domains.
With investors prioritising operational performance and scalable business models over early-stage hype, India’s startup ecosystem is maturing as long as global macroeconomic conditions remain unstable. This maturing maturity was demonstrated during the week when funding was both substantial and strategically in line with sectoral trends.
Also Read: Indian Tech Startups Rebound in 2024 with 23% Funding Surge
