Top Funding Wrap of the Week – 22 December to 26 December 2025

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 22 December to 26 December 2025.

The Top Indian Startups Funding Roundup of This Week

CoreEL Technologies

Bengaluru-based CoreEL Technologies, a provider of advanced electronic system- and sub-system-level products and solutions for the aerospace and defence sector, has raised $30 million in a Series B funding round led by ValueQuest Scale Fund.

The round also saw participation from existing investor 360 ONE Asset.

The company said the funds will be used to expand manufacturing capacity, strengthen R&D, improve product engineering, and support participation in large and complex aerospace and defence programmes in India and abroad.

PlasmaGen Biosciences

PlasmaGen Biosciences, a biopharmaceutical company focused on blood plasma-derived therapeutics, Rs 150 crore in a minority equity financing round led by ViNS Bioproducts.

The round also saw participation from high-net-worth individuals (HNIs), family offices, pharma entrepreneurs, and existing investors. 

The Bengaluru-based startup, backed by Eight Road Ventures, raised funds at a valuation of over ₹1,500 crore.

The new funds will be used to grow international operations, expand the product range, and strengthen the company’s team and systems.

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Dugar Finance

Dugar Finance & Investments Ltd. has raised $18 million in a debt funding round led by Swiss-based impact investor Symbiotics, as the non-bank lender looks to expand its secured lending offerings for small businesses in India’s smaller towns.

The round also saw participation from Indian lenders including Union Bank of India, Karur Vysya Bank, Indian Overseas Bank, Tamilnad Mercantile Bank and STCI Finance, the company said in a statement on Friday.

PowerUp Money

PowerUp Money, a wealthtech platform focused on mutual fund advisory, has raised $12 million in a Series A round led by Peak XV, with participation from existing investors Accel, Blume Ventures, and Kae Capital. The round also saw continued support from 8i Ventures and DevC and comes just six months after the company secured $7.2 million in seed funding.

CollegeDekho 

cardekho Group has invested $10 million in ed-tech platform CollegeDekho, strengthening its focus on building large online marketplaces beyond cars.

The new investment shows CarDekho’s continued support for CollegeDekho, which operates as part of the group’s wider classified business ecosystem.

With the new funding, CollegeDekho aims to expand into more Tier 2 and Tier 3 cities and grow its ‘CollegeDekho Assured’ programme which helps students find industry-focused degree courses from partner universities. The platform currently partners with over 2000 colleges and universities across India.

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Prosperr.io

Prosperr.io, an AI-led tax management infrastructure startup, has raised $4 million in a seed funding round led by Jungle Ventures. 

The round also saw participation from Yatra Angel Network, Sadev Ventures, and other investors. 

The funds will be used to speed up product development, enhance AI capabilities, and grow B2B sales operations. The company is also considering expanding into related areas like wealth management.

Naxatra Labs

Naxatra Labs, which designs and manufactures electric motors for electric vehicles (EVs) and industrial uses, has raised $3 million in a Pre-Series A funding round led by Rainmatter.

The round also saw participation from a group of founders, operators, and angel investors including Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (ixigo), Anupam Jalote (iCEM), Narayan (ather energy), and others.

After the funding round, Naxatra Labs plans to strengthen its R&D, move into new motor application segments, scale up manufacturing, and grow its exports.

Blinq Mobility

Blinq Mobility, an early-stage electric vehicle startup, has raised Rs 4.3 crore in a pre-seed funding round led by early-stage venture capital firm 8i Ventures.

The round also saw participation from IIMA Ventures, AIC Banasthali Vidyapith, and a group of angel investors.

The startup plans to use the funds to develop battery-swapping electric cars specifically designed for urban mobility applications.