The round was led by IAN Alpha Fund and also saw participation from AVNM Ventures, Faad Capital and Bajaj Capital, along with other investors.

The funding has been structured in two parts—Series B1 worth USD 4 million and Series B2 worth USD 5 million aimed at supporting the company’s expansion and technology development.

Founded in 2019 by Ankit Kumar, the company provides a hyperlocal drone delivery platform designed to improve last-mile logistics through autonomous aerial systems.

Skye Air said it has completed over 3.6 million autonomous deliveries within just two years of commercial operations and eliminated more than 1,000 tonnes of carbon dioxide emissions through drone-based logistics. Its drones can carry payloads of up to 10 kilograms and are deployed across sectors including e-commerce, quick commerce, healthcare and industrial supply chains.

The company operates a proprietary hub-pod-walker architecture that integrates aerial drones with ground logistics systems to optimise last-mile delivery efficiency in urban environments.

Its enterprise client portfolio includes companies such as Blue Dart Express, Shiprocket, Flipkart, Tata 1mg and Zepto.

The funding comes as India’s drone ecosystem experiences rapid growth. The country’s drone market is estimated to grow from about USD 940 million in 2024 to nearly USD 3.23 billion by 2030, driven by increasing demand for automated logistics and aerial infrastructure.

With the new capital, Skye Air plans to expand operations beyond Delhi-NCR to cities including Bengaluru, Mumbai, Pune, Hyderabad and Kolkata over the next 18 months.

The company also plans to invest in strengthening its technology stack, including its AI-powered airspace management platform Skye UTM, and build infrastructure that integrates autonomous drones with intelligent ground logistics systems.

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The funding round was led by ICONIQ Capital with participation from investors including Basis Set Ventures, Wellington Management, WndrCo, Marcy Venture Partners, Baillie Gifford, Notable Capital and DST Global.

Quince operates a manufacturer-to-consumer (M2C) platform, connecting factories directly with customers to eliminate traditional retail markups and reduce inventory risks. 

The company sells a range of products including fashion apparel, accessories, home goods and lifestyle products, positioning itself as an affordable alternative to premium brands by cutting intermediary costs in the supply chain. 

The latest capital will be used to expand Quince’s global footprint, strengthen its supply chain infrastructure and scale its technology platform that integrates demand forecasting, production planning and direct factory relationships. 

Quince has seen rapid growth in recent years, with annual revenues crossing USD 1 billion and expanding operations beyond the United States into international markets including Canada. 

The funding underscores strong investor interest in direct-to-consumer commerce platforms that leverage technology to streamline production, pricing and distribution in the global retail market.

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The round was led by Endiya Partners with participation from angel investors across the United States and India.

Founded by Prudhvi Rao Shedimbi and Sankalp Singayapally, the startup is developing an agentic AI platform designed to unify financial operations including accounts payable, accounts receivable and treasury management.

The platform connects banking systems, enterprise resource planning (ERP) tools and payment infrastructure into a single execution layer where AI agents coordinate financial workflows while maintaining approvals, compliance controls and audit trails.

Finance teams at mid-market companies often operate across disconnected systems such as ERPs, bank portals, spreadsheets and point solutions. As these companies expand globally, teams must manage multiple entities, currencies, bank accounts and vendor networks, increasing operational complexity and financial risk.

OpenCFO aims to address this challenge through a unified platform where AI agents coordinate the full financial cycle. Data from receivables can automatically feed into treasury forecasts, while payables information updates liquidity management and cash positioning across entities and accounts.

The platform is already being tested in early deployments, where the company claims it can automate invoice processing workflows that traditionally take several days. The startup is also targeting cross-border treasury optimisation, an area where globally distributed companies often face high foreign exchange costs and slow settlement times.

By integrating multi-currency accounts and global payment rails, OpenCFO said early pilots indicate the platform can reduce cross-border transaction costs by more than 50 per cent while enabling near-instant settlement and reconciliation.

With the fresh capital, the company plans to expand its engineering teams in the United States and India, accelerate development of automation agents for payables and receivables, and scale customer acquisition across key cross-border corridors including the United States, India, the United Kingdom, the European Union and Canada. OpenCFO expects to launch its full agentic financial operations platform by mid-2026.

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The fresh capital will be used to scale the company’s international technology operations, expand domestic market share, and deepen its presence across the aquaculture value chain, the company said.

Founded in 2020 by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod and Kiran Bandi, the Vijayawada-based startup develops digital infrastructure for aquaculture farming. Its platform combines IoT automation, AI-driven analytics, real-time farm monitoring, embedded finance and market linkages to help shrimp farmers manage operations and improve productivity.

The company claims its technology currently supports automation across more than 25 per cent of India’s shrimp farming acreage and monitors over 80,000 acres of aquaculture farms globally.

Beyond India, AquaExchange has expanded its presence in international markets including Ecuador, Saudi Arabia and Madagascar, and is planning further global expansion as demand for aquaculture infrastructure grows. 

The startup expects revenue of around Rs 275 crore in FY26 and aims to achieve Ebitda profitability within the current financial year as adoption of its technology platform increases. 

According to company estimates, farms using its IoT-based monitoring systems and AI tools have reported crop success rates of around 85 per cent, compared with the industry average of about 55–60 per cent. 

With the latest funding round, AquaExchange plans to further strengthen its technology stack and expand its platform into additional agriculture asset classes beyond shrimp farming

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The startup operates a digital platform that offers instant household services such as cleaning, cooking and other domestic assistance, tapping into what industry estimates describe as a largely offline home-services market valued at nearly USD 60 billion in India.

Founded by Aayush Agarwal, the company focuses on providing quick-response household help through a tech-enabled model designed for urban households seeking reliable domestic workers.

Investor interest in the segment has been increasing as rising urban incomes, changing lifestyles and the growth of dual-income households drive demand for organised home services.

The funding talks come amid rapid expansion in the instant house-help category, where platforms such as Urban Company and other startups are competing to capture market share. 

Industry data shows that the sector is witnessing strong traction. Platforms including Urban Company, Snabbit and others together recorded more than two million monthly orders in February as the category expands across cities and micro-markets.

Snabbit itself completed about 830,000 orders in February, reflecting growing demand for quick domestic services in cities such as Delhi-NCR, Mumbai, Bengaluru and Pune.

The startup has raised multiple rounds of funding since its launch, including a USD 30 million Series C round in 2025 led by Bertelsmann India Investments, with participation from investors such as Lightspeed Venture Partners, Elevation Capital and Nexus Venture Partners.

The new fundraising discussions highlight growing venture capital interest in organising India’s traditionally unstructured domestic help sector through technology-driven platforms.

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Launched in 2024, Yes Sir has quickly emerged as a specialised platform offering on-demand grooming and massage services exclusively for men, building a strong presence across 13 cities including Delhi, Kolkata, Mumbai, Bengaluru, Hyderabad, Pune, Ahmedabad, Lucknow, Chandigarh, Noida, Gurgaon, Ghaziabad and Faridabad.

The company is currently valued at ₹118 crore and has served over 1 lakh customers, with a repeat usage rate of 74 per cent, reflecting strong customer retention in the growing male wellness segment.

Yes Sir has 250+ trained wellness professionals in 13 cities, earning ₹75,000 per month on average, creating a premium gig economy segment. Given the company’s focus on privacy & LGBTQ friendly model, gay and bisexual men also feel non-judged at Yes Sir.

Lead Investor and MD of Kolkata Ventures, Avelo Roy, said, “Urban men across India are waking up to the reality that they are not just ATMs serving their family. At Yes Sir, men are pampered by men. Be selfish, gratify your senses and return to your responsibilities with a fresh body & mind.

Bengal Angel Network, which participated in the investment, comprises several prominent Bengali entrepreneurs and business leaders including CAB President and former Indian cricket captain Sourav Ganguly, Chandrasekhar Ghosh, Chairman of Bandhan group, Samit Ghosh, Founder of Ujjivan Bank and Suvankar Sen, Managing Director and CEO of Senco Gold, among others.

Kolkata Ventures is regarded as East India’s largest startup incubator, having supported more than 550 revenue-generating startups over the past decade. The organisation operates as an Indo-US collaboration with investors from India and the United States, aimed at fostering entrepreneurship and driving economic growth in eastern India.

The fresh capital will be used to expand into new cities, strengthen technology infrastructure and scale operations, as Yes Sir aims to consolidate its position in India’s fast-growing men’s grooming and wellness market.

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“India lifted the prestigious trophy after defeating New Zealand in the final at the Narendra Modi Stadium in Ahmedabad, successfully defending the title and becoming the first team in the history of the tournament to retain the ICC Men’s T20 World Cup,” the board said in a statement.  

India also won the title in the T20 World Cup in 2024 under Rohit Sharma’s captaincy. Then, the BCCI had announced a reward of ₹125 crore.

The 2026 title also took India’s tally to three T20 World Cup trophies, the highest by any team in the competition.

Apart from the BCCI’s reward, the team also received $3 million from the International Cricket Council (ICC). Moreover, it also received performance-based bonuses of about $31,154 for each win in the group stage and the Super 8 phase of the tournament, NDTV reported. 

The Suryakumar Yadav-led team defeated New Zealand by 96 runs in the final on Sunday, March 8, becoming the first team to defend the title. Sanju Samson led the innings with 89 off 46 balls, while Abhishek Sharma (52) and Ishan Kishan (54) chipped in with half-centuries. India finished on 255 for five, the highest total in a T20 World Cup final.

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The fresh capital will be used to expand TruDoc’s virtual-first healthcare model and accelerate the rollout of its at-home critical care services across the Gulf Cooperation Council (GCC) region.

TruDoc operates a digital healthcare platform that integrates multiple services including telemedicine consultations, chronic disease management, pharmacy delivery, diagnostics, and in-home healthcare support. The company aims to deliver continuous patient care through a technology-driven ecosystem, reducing the need for traditional hospital visits.

A key component of the platform is its “hospital-at-home” program, which enables patients to receive critical care services in their homes, supported by remote monitoring, medical professionals, and coordinated clinical management.

The company currently partners with insurance providers, employers, and government institutions across major GCC markets such as United Arab Emirates and Saudi Arabia.

By integrating virtual primary care, diagnostics, medication delivery, and in-home nursing services into a unified system, TruDoc seeks to transform healthcare delivery from episodic hospital-based treatment to a continuous, patient-centric care model.

The funding will support the company’s plans to scale technology infrastructure, expand clinical services, and strengthen partnerships across the GCC healthcare ecosystem, as demand grows for accessible, digital-first healthcare solutions in the region.

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The company’s board has passed a special resolution to issue 20 equity shares and 38.05 crore Series B preference shares at a face value of Rs 10 each to raise Rs 380.5 crore, according to its regulatory filings sourced from the Registrar of Companies (RoC).

British International Investment (BII) will lead the round with Rs 220 crore, while Finnfund Digital Access Impact Fund will invest Rs 70.5 crore. Existing investor FMO and promoter Green Growth Equity Fund (Eversource Capital) will contribute Rs 65 crore and Rs 25 crore, respectively.

Following the round, GGEF (Eversource Capital) and FMO will hold 49.59% and 16.23% stakes in Ecofy, while new investors BII and Finnfund will own 20.36% and 6.53%, respectively. As per Entrackr’s estimates, the company is valued at around Rs 800 crore or $89 million post-allotment.

According to the filings, the company aims to support sustainable private sector growth in developing and emerging markets by investing in businesses, projects, and financial institutions. The fresh proceeds will be used to meet its working capital requirements.

Ecofy provides financing for economically sustainable climate initiatives, including electric vehicles (EVs), rooftop solar systems, energy-efficient equipment, energy storage, e-mobility, waste recycling, and water management, among others.

The company had earlier raised Rs 90 crore in equity funding in January 2024 from FMO, and later secured around Rs 110 crore through a long-term loan facility (debt) from Denmark’s Investment Fund for Developing Countries (IFU) in March 2025.

On the financial front, Ecofy’s revenue from operations surged 4.8X to Rs 93.3 crore in FY25 compared to Rs 19.19 crore in FY24. At the same time, its losses grew by 15.6% to Rs 42.28 crore.

As an early mover into the financing space for solar and EVs,  Ecofy has done well to build a portfolio that clearly meets with its backers approval for quality. A big intangible  is the learnings the firm has  in terms of the  issues that can impact credit quality in the segment.  A real benefit is of course the distribution muscle as well. With a long, clear pathway for both solar growth and electrification of transport in India, competition has moved in of course, but Ecofy remains well placed to build on its learnings as an early mover.

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With this latest round, Zoff Foods has raised around $7 million in total funding to date, with JM Financial continuing as its lead investor.

The company said the new capital will primarily be used to strengthen its ecommerce operations and scale offline retail distribution across India. The investment will also support Zoff’s efforts to capture a larger share of the branded packaged spices segment, which is witnessing increasing demand as consumers shift from loose spices to quality-assured packaged products.

Founded in 2018 by Akash Agrawal and Ashish Agrawal, Zoff Foods focuses on delivering premium-quality spices and food essentials. The brand’s portfolio includes a range of ground spices, whole spices, dry fruits, and other whole food products, targeting both online consumers and modern retail channels.

According to startup data platform TheKredible, the company reported revenue of ₹103 crore in FY25, reflecting an 11% increase from ₹93 crore in FY24. However, the company also saw its losses widen to ₹17 crore in FY25, compared to a ₹20 lakh loss in FY24, as it continued to invest heavily in growth and distribution.

The funding comes at a time when India’s spices market is expanding rapidly. Industry estimates suggest the Indian spices market could grow from roughly ₹2.2 lakh crore in 2025 to about ₹5.2 lakh crore by 2034, driven by rising demand for trusted branded products, quality packaging, and wider retail availability.

In the competitive landscape, Zoff Foods positions itself against established players such as Everest Spices and MDH Spices, while aiming to differentiate through digital-first distribution, product innovation, and premium positioning.

As consumer preferences continue to evolve toward hygienic, packaged, and traceable food products, Zoff Foods is betting that a stronger omnichannel presence will help it capture a meaningful share of India’s fast-growing spices category.

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