Daily Indian Startup Funding Roundup & Key News - 25 March 2026: Fullife Raises ₹300 Cr, Rocketlane Bags $60 Mn, Cashify Eyes ₹1,800 Cr IPO
From health and wellness to enterprise SaaS and sustainable materials, Indian startups attracted fresh capital across diverse sectors today. The day was led by Fullife Healthcare’s ₹300 crore Series D round and Rocketlane’s $60 million raise, while key developments like OpenAI’s APAC leadership hire and Cashify’s IPO plans also made headlines.
Here’s a quick roundup of the key startup fundings and business news in India on 25 March 2026.
Daily Indian Startup Funding Digest - 25 March 2026
| STARTUP | SECTOR | FUNDING | ROUND | LEAD INVESTORS |
|---|---|---|---|---|
| Fullife Healthcare | Health & Nutrition | ₹300 Cr (~$32 Mn) | Series D | Elev8 Venture Partners |
| Rocketlane | SaaS / Enterprise Automation | $60 Mn (~₹500 Cr) | Series C | Insight Partners |
| Burma Burma | Food & Beverage / QSR | ₹38 Cr | Growth | Negen Capital, Endurance Capital |
| Canvaloop | Deeptech / Biomaterials | $1.5 Mn (~₹12 Cr) | Seed | GVFL, Rockstud Capital |
| Novelty Wealth | Fintech / Wealth Management | $1.4 Mn (~₹11.5 Cr) | Seed | IndiaQuotient |
| Thread Factory | Fashion / Supply Chain | ₹3 Cr | Pre-Seed | AJVC |
| Proxgy | Industrial IoT / Automation | ₹2 Cr | — | Riyan Parag |
Fullife Healthcare Raises ₹300 Cr Series D Led by Elev8 Venture Partners
Fullife Healthcare, a consumer health and wellness company and parent of brands like Fast&Up and Chicnutrix, raised ₹300 crore (~$32 million) in a Series D round led by Elev8 Venture Partners, with participation from its limited partners.
The company operates in the nutrition and wellness segment, offering products across fitness, lifestyle, and personal care categories. The fresh capital will be used to expand its product portfolio, strengthen brand presence, and scale distribution across markets.
Rocketlane Raises $60 Mn Series C Led by Insight Partners
Chennai-based Rocketlane, a professional services automation platform, raised $60 million (~₹500 crore) in a Series C round led by Insight Partners, taking its total funding to around $105 million.
The company provides a SaaS platform that helps businesses manage customer onboarding, project delivery, and professional services workflows more efficiently.
The fresh capital will be used to strengthen its AI-led capabilities, expand product offerings, and scale global operations.
Burma Burma Raises ₹38 Cr at ₹500 Cr Valuation
Burma Burma, a premium Burmese cuisine restaurant chain, raised ₹38 crore at a valuation of around ₹500 crore, with participation from existing investor Negen Capital and new investors Endurance Capital and Coheron Wealth.
The brand has built a strong presence in India’s urban dining space with its niche cuisine positioning. The funds will be used to expand its outlet network and strengthen operations.
Canvaloop Raises $1.5 Mn Seed Round from GVFL and Rockstud Capital
Canvaloop, a biomaterials startup transforming agricultural waste into textile-grade fibres, raised $1.5 million (~₹12 crore) in a seed round from Gujarat Venture Finance Limited (GVFL) and Rockstud Capital.
The startup focuses on sustainable material innovation, particularly in textiles, by converting agri-waste into usable fibres. It has also gained visibility through its appearance on Shark Tank India.
The funds will be used to scale production, improve technology, and expand commercial applications. This deal highlights growing investor interest in sustainability and circular economy solutions.
Novelty Wealth Raises $1.4 Mn Seed Round Led by IndiaQuotient
SEBI-RIA licensed wealth management platform, Novelty Wealth, raised $1.4 million (~₹11.5 crore) in a seed round led by IndiaQuotient.
The startup is building an AI-powered wealth advisory platform that offers users a unified and unbiased view of their financial lives, simplifying investment decisions without complexity or noise.
The funds will be used to scale its platform, enhance product capabilities, and expand its user base across India.
Thread Factory Raises ₹3 Cr Pre-Seed Round Led by AJVC
Thread Factory, a fashion supply chain startup, raised ₹3 crore in a pre-seed round led by AJVC.
The company is building a platform to streamline sourcing, manufacturing, and supply chain operations for fashion brands. The funds will be used to develop its platform, onboard suppliers, and expand its network.
Proxgy Raises ₹2 Cr Backed by Cricketer Riyan Parag
Proxgy, an industrial technology startup focused on frontline and remote operations, raised ₹2 crore from Indian cricketer and Rajasthan Royals captain Riyan Parag.
The company builds solutions for industrial monitoring and workforce enablement, helping businesses improve operational efficiency.
The funds will be used to scale its technology and expand enterprise adoption. This deal highlights growing interest in Industry 4.0 solutions, along with increasing participation from new-age and non-traditional investors.
Key Business News for 25 March 2026
Kiran Mani Exits JioStar, Joins OpenAI to Lead APAC Expansion
Kiran Mani, former CEO (Digital) at JioStar, has joined OpenAI as Managing Director for the Asia-Pacific region.
He will lead OpenAI’s expansion across APAC, with a strong focus on markets like India. This move reflects the growing importance of the region in the global AI race and signals increasing competition among tech giants to build leadership in emerging markets.
Cashify Picks Bankers for ₹1,800 Cr IPO, Eyes 2027 Listing
Recommerce platform Cashify has appointed investment bankers, including ICICI Securities, JM Financial, and Nomura, for its proposed ₹1,800 crore IPO, targeting a listing by early 2027.
The move indicates rising momentum in India’s IPO market, especially among profitable or scale-stage startups preparing for public listings.
Reliance Seeks Stake Dilution from Meta, Google Ahead of Jio IPO
Reliance Jio is reportedly in talks with global investors like Meta and Google to offload around 8% of their individual stakes ahead of its upcoming IPO.
The IPO is expected to be structured as an offer-for-sale, potentially worth up to $4 billion, allowing early investors to partially exit.
This development highlights the scale of the upcoming Jio listing, which could become one of India’s largest IPOs and reshape the country’s public market landscape.
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