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This week was a busy one for India’s startup ecosystem with multiple new-age companies landing substantial funding from leading investors. The vast variety of start-ups, working on everything from fashion and finance to farming and home services and even solving real-life problems. Here’s a wrap up of the largest funding stories from May 24 to 30:
Citykart Raises $63 Million to Expand Fashion in Smaller Cities
Citykart, founded in Gurugram by Sudhanshu Agarwal in 2015, has raised $63 million (₹538 crore) in a Series B funding round to achieve its growth vision and expansion. The company has reasonably-priced trendy clothing for men, women and children, along with footwear, accessories, and home products mainly for tier-II and tier-III cities.
Series B Round Details:
Amount Raised: ₹538 crores (~$63 million)
Key Investors: TPG NewQuest (Co-lead),A91 Partners (Co-lead)
Saarathi Finance Gets $57 Million for Small Business Loans
Saarathi Finance, a startup based in Mumbai that was founded in 2024, helps small businesses in semi-urban and rural areas obtain loans quicker and easier. The company provides secured as well as unsecured loans, and operates across multiple states in India. Recently, Saarathi raised $57 million (₹475 crore) from its first material funding round, which values the company at over ₹900 crore.
Saarathi Finance’s founders, Vivek Bansal and Sunil Daga, claim that they use technology and flexible lending models to reach the small businesses that often have challenges accessing credit to get going. Their aim is to encourage that group of entrepreneurs and thus improve financial inclusion in India’s neglected regions.
Amount raised: $57 million (₹475 crore)
Investors : TVS Capital Funds, Lok Capital, Evolvence Equity Partners, Paragon Partners and Angel investors.
Snabbit Secures $19 Million to Simplify Home Services
Snabbit is a Mumbai-based app that was launched in 2024 by Aayush Agarwal and offers quick home services such as dishwashing, cleaning, laundry, and other kitchen help. The company claims to send workers trained as first responders to your home in 10-15 minutes. This year, in order to expand to offer a wider range of services, Snabbit raised $19 million in funding.
Amount raised: $19 million
Investors: Lightspeed, Elevation Capital, Nexus Venture Partners
Fleetx Raises $13.2 Million to Improve Logistics
Founded in Gurugram in 2017 by Vineet Sharma and his team, Fleetx is a fleet management and logistics startup that aims to optimize how logistics companies use their vehicles, use fuel and deliver goods using the latest thinking in AI. The new funding will enable Fleetx to expand its product offering and grow its presence in the Indian market.
Amount raised: $13.2 million (Rs 113 crore)
Investors: IndiaMART Intermesh, BEENEXT’s Accelerate Fund
Samunnati Gets $5 Million to Support Farmers and Agri Businesses
Samunnati, which is also a Chennai-based agri enterprise was launched in 2014 by Anil Kumar SG, is a company helping farmers and small agri-businesses to access loans as well as better markets. Samunnati works with farmer groups and rural businesses to improve productivity and incomes. The company is active in over 25 states and works with over 6,000 farmer groups.
Recent funding highlights:
Latest round: ₹42.5 crore (approximately $5 million)
Investor: Agri-Biz Capital Delaware LLC
Total Series E funding to date: ₹381 crore
Prior funding (FY 2024-25): $135 million from: USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, Anicut Capital
EUME Secures $3 Million to Further Expand Operations
EUME, founded in 2018 by husband-wife duo Naina and Pranay Parekh, is a Mumbai-based company that designs contemporary and sustainable travel bags such as backpacks and vegan handbags. The brand has cultivated a reputation for its fashionable and eco-conscious collections.
According to the company, it is going to use this latest fundraising round to open more stores, streamline the infrastructure and other operations, and increase marketing efforts. EUME intends to launch flagship stores in Bengaluru, Mumbai and Hyderabad, as they expand into larger urban markets.
Amount Raised: ₹25 crore (or about $3 million)
Investors: Ashish Kacholia, Pradeep Rathod (Cello Group), Prithviraj Kothari (Arvog Financial)
These rounds of funding certainly highlight investors backing solutions to everyday challenges, from improved fashion for small town customers, to easier access to loans for small businesses, to more thoughtful logistics and home service efficiencies. India’s startups are growing quickly, and this week illustrates how quick that momentum can occur.
