Daily Indian Funding Roundup & Key News – 1 July 2025: Shadowfax Files IPO, Bambrew Bags ₹90 Crore & More

Here’s a quick look at the top startup funding deals and key business updates from across India and the global tech world. From fresh investments to IPO filings and major policy shifts, we bring you everything important that happened today.

Daily Indian Startup Funding Digest - 1 July 2025

Astrophel Aerospace raised INR 6.84 crore in pre-seed funding

The Pune-based space-tech startup, Astrophel Aerospace, secured INR 6.84 crore in a pre-seed round from angel investors. Astrophel is developing a reusable semi-cryogenic launch vehicle and aims to bring down the cost of satellite launches. The startup has already fired a semi-cryogenic engine and is working with ISRO under an MoU.

Garaaz raised INR 4.55 crore in a seed round led by GVFL

Jaipur-based Garaaz, an auto-tech platform enabling the discovery and delivery of genuine spare parts, raised INR 4.55 crore in a seed round led by GVFL. The funds will be used to scale technology, expand logistics, and strengthen its marketplace serving workshops and distributors.

Bambrew secured INR 90 crore in strategic funding

Sustainable packaging startup Bambrew, based in Bengaluru, raised INR 90 crore from Ashok Goel and Enrission India Capital. The company manufactures biodegradable packaging using bamboo, bagasse, and seaweed, and plans to expand into international markets and build new manufacturing capacity.

AppsForBharat (Sri Mandir) raised INR 175 crore in the Series C round

The parent company of devotional-tech platform Sri Mandir raised INR 175 crore in a Series C round led by Susquehanna Asia Venture Capital, with participation from Peak XV, Elevation Capital, and Fundamentum. The app offers virtual pujas, prasad delivery, and has seen over 4 crore installs.

Loopworm raised $3.25 million in pre-Series A funding

Biomanufacturing startup Loopworm, which uses insects like silkworms to produce functional proteins for diagnostics and animal nutrition, raised $3.25 million in a pre-Series A round co-led by WaterBridge Ventures and Enrission India Capital.

Lamark Biotech raised INR 6.5 crore in a pre-Series A round

Ahmedabad-based Lamark Biotech develops thermostable biologics that do not require cold-chain transport. The INR 6.5 crore round was led by IAN Group, BioAngels, and several prominent angel investors and will help advance the firm’s proprietary formulations for insulin and antibodies.

Zango AI raised $4.8 million in a seed round

Zango AI, an AI-native reg-tech startup with operations in Bengaluru and San Francisco, raised $4.8 million in a seed round led by Nexus Venture Partners. The company is building LLM-powered tools to help financial institutions manage compliance, risk, and governance more effectively.

Eeki raised $7 million in Series A funding

Agritech company Eeki, which builds hydroponic farms for pesticide-free vegetables, raised $7 million from Sixth Sense Ventures. It operates a franchise-led model and supplies produce to retailers, aiming to scale sustainable farming across India.

FincFriends raised $11.5 million in debt funding

FincFriends NBFI Ltd., the lending arm of fintech platform RupeeRedee, secured $11.5 million in debt from undisclosed institutional lenders. The Gurugram-based company plans to use the funds to expand its short-term digital loan offerings targeting underserved borrowers.

Key News Highlights for 1 July 2025

Flipkart-backed Shadowfax files confidential DRHP

Flipkart‑backed hyperlocal logistics provider, Shadowfax Technologies, has submitted a confidential Draft Red Herring Prospectus (DRHP) to SEBI, seeking to raise INR 2,000–2,500 crore through a mix of fresh issuance and an offer-for-sale by existing investors such as Flipkart, Eight Roads Ventures, TPG and NGP Capital.

GIC secures CCI approval to buy stake in IPO-bound Groww

Singapore’s sovereign wealth fund GIC, through its Viggo Investment subsidiary, has received Competition Commission of India (CCI) consent to acquire a 2.14% stake in Bengaluru‑based fintech firm Groww, ahead of its anticipated IPO.

Rapido pilots 'Ownly' food delivery app in Bengaluru

Rapido is launching a pilot of its Ownly food delivery app in Bengaluru’s Koramangala, HSR Layout and Sarjapur within the next 8-10 days, targeting a 10-city rollout by July 2026. Ownly will offer zero or lower commissions (8–15%), with a flat, three-tier delivery fee structure, intended to be more restaurant-friendly and competitive versus Swiggy and Zomato.

Amazon deploys one millionth robot and launches DeepFleet AI

Amazon Robotics has deployed its one millionth warehouse robot, now nearing parity with its human workforce. Concurrently, it launched DeepFleet, a generative‑AI foundation model (built on AWS/SageMaker) that coordinates its robotic fleet, improving travel-time efficiency by 10%, expediting delivery, cutting costs, and reducing congestion. The company has also upskilled over 700,000 employees since 2019 to work alongside automation.

Meta mandates SEBI verification for investment ads from 31 July

Meta has announced that from 31 July 2025, all securities and investment‑related advertisements on Facebook and Instagram targeting Indian users must display verified SEBI registration details. This measure aims to curb fraudulent "finfluencers". Ads from unverified entities will undergo a two‑day review process.

Daily Indian Funding Roundup & Key News – 30 June 2025

Indian startups raised major funding on 30 June 2025. Highlights include Jumbotail’s unicorn milestone, Infra.Market’s $150M debt round, and Torrent Pharma’s ₹25,689 Cr deal to acquire JB Pharma.

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