Top Funding Wrap of the Week – 19 May – 23 May 2025

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 19 May  – 23 May 2025.

The Top Indian Startups Funding Roundup of This Week

Euler Motors

Euler Motors, a commercial electric vehicle manufacturer has raised Rs 638 crore (approximately $75 million) in its Series D funding round led by Hero MotoCorp.

OpenFX

OpenFX, a pioneering FX infrastructure startup, has raised $23 million in seed funding round led by Accel.

CureBay

Tech-first hybrid healthcare platform CureBay has raised $21 million in its Series B funding round led by Bertelsmann India Investments. 

Vivriti Asset Management

Private credit fund manager Vivriti Asset Management, a subsidiary of mid-market lender Vivriti Capital, has raised an additional $20 million in senior debt commitments for its Vivriti India Retail Assets Fund (VIRAF) from the Development Bank of Austria (OeEB).

Cloudsek

Cybersecurity startup Cloudsek has raised $19 million in a fresh funding round led by Tenacity Ventures and Commvault. 

Mythik

Mythik, a media technology company, has raised $15 million in a seed funding round led by Sakal Media Group.

Alt Carbon

Deeptech startup ALT CARBON has raised $12 Mn (around Rs 102.8 Cr) in its seed funding round led by Lachy Groom, with participation from existing investors.

Biostate AI

Biotech startup Biostate AI has raised $12 million in a Series A funding round led by Accel.

Data Sutram

Data Sutram, a fintech startup that enables financial institutions to curb fraud and ensure regulatory compliance, has raised $9 million in Series A funding round co-led by global venture firms B Capital and Lightspeed.

Miraggio

Miraggio, a fashion handbag and accessories brand has raised $6.5 million in its first institutional round led by early-stage consumer venture capital fund RPSG Capital Ventures. 

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