Source: Pocketful.in
India’s startup ecosystem reflected good investor demand this week, with companies raising fresh rounds for expansion. Healthy food, AI companies, hygiene products, biryani chains – startups from different sectors raised funding this week. Here is a glimpse at the top startup funding rounds, between May 10th – May 16th.
Farmley – Healthy Snacking Made Easy
Funds Raised: $40 million
Investors: L Catterton, DSG Consumer Partners
Farmley is a health food company in Noida, which was founded in 2017 by Akash Sharma and Abhishek Agarwal. It sells roasted nuts, trail mixes, and makhana, which it procures directly from farmers. The company is aimed at offering healthy as well as clean snacking solutions.
Nobel Hygiene – Personal Care Products Leader
Funds Raised: $20 million
Investor: Neo Asset Management
Nobel Hygiene, founded in 2000 by Kamal Kumar Johari, has its headquarters in Mumbai. They make hygiene products like adult diapers (Friends), baby diapers (Teddyy), and sanitary pads (RIO Pads) and have two Nasik and Baroda factories, along with a good reputation in the personal care segment.
Complement 1 – Empowering Cancer Patients with Technology
Funding Raised: $16 million
Investors: Owl Ventures, Blume Ventures
Established in 2024 by Karan Bajaj, Complement 1 offers personalized lifestyle advice to cancer survivors and high-risk individuals. Using its app and “CoActive Coaches,” users get support for nutrition and fitness and stress relief. The startup combines empathy with evidence-based care, marking a new era in preventive and supportive healthcare.
Celebal Technologies
Funding Raised: $15 million
Investors: InCred Growth Partners Fund I, Norwest Capital
Established in 2016 in Jaipur by Anirudh Kala and Anupam Gupta, Celebal Technologies develops AI, cloud, and data solutions for bigger companies. The Jaipur-based company is recognized for implementing high-impact solutions like Customer 360, logistics analytics, and supply chain optimization.
India Family Mart – Fashion for Small Cities
Amount Raised: $12 million
Investors: Gulf Islamic Investments, Foundation Private Equity, Carpediem Capital Partners, Capri Global Holdings, JP Shukla
Founded in 2012 by Ravinder Singh and Jay Prakash Shukla, under Nysaa Retail, the retail chain is focused on value fashion clothing and lifestyle products in tier III and IV cities. The brand works to enhance quality fashion in unpenetrated markets. By running mid-sized stores, the brand has successfully addressed a vital need in underserved markets.
Hocco – High-End Ice Cream Brand
Funding Raised: $10 million
Investors: Chona Family Office, Sauce VC
Hocco is an ice cream company founded in 2023 by the Chona family in Ahmedabad. It is spearheaded by Ankit Chona and deals in high-end frozen desserts and intends to develop into a bigger food and beverage company. Supported by a rich heritage and brand nostalgia, Hocco is establishing itself as a premium player in India’s rapidly expanding dessert market.
Biryani Blues – Growing Food Chain
Funds Raised: $5 million
Investor: Yugadi Capital
Established in 2013 by Aparna and Raymond Andrews in Hyderabad, Biryani Blues offers Hyderabadi biryani and other Indian cuisine. The brand is expanding rapidly with a robust delivery network and coverage in big and small cities.
Conclusion: This week’s startup funding news reflects firm backing of startups that bring innovative and customer-centric solutions. From healthy eating, technology-enabled services, to affordable fashion, investors are funding concepts that solve genuine problems and can scale.
