Daily Indian Funding Roundup & Key News - 12 October 2026: Nat Habit Raises ₹142 Crore, Zetwerk Sets IPO Price Band
Nat Habit raised INR 142 crore in a Series C round, as Zetwerk and Tonbo Imaging set their IPO price bands and chip services firm Tessolve raised $75 million.
One funding round was announced on 12 October 2026. Ayurvedic personal care brand Nat Habit raised INR 142 crore in a Series C round led by Trident Growth Partners. Zetwerk and Tonbo Imaging set the price bands for their IPOs, while chip services firm Tessolve raised $75 million.
Daily Indian Startup Funding Roundup - 12 October 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Nat Habit | Personal Care | ₹142 Cr | Series C | Trident Growth Partners |
Nat Habit Raises INR 142 Crore in Series C Round Led by Trident Growth Partners
Nat Habit raised INR 142 crore in a Series C round led by Trident Growth Partners. Existing investors Bertelsmann India Investments, Mirabilis Investment Trust and Sharrp Ventures joined, along with new investors Physis Capital and Hero Family Office. The brand will use the money to add products, strengthen manufacturing and grow in quick commerce and retail stores.
Founded in 2019 by Swagatika Das and Gaurav Agarwal, Nat Habit makes Ayurvedic hair, skin, body and baby care products. It develops and manufactures its formulations in-house. The company says its annualised gross revenue has reached INR 330 crore, and it targets 60% to 70% revenue growth this financial year.
Muskaan Kapoor
Key Business News for 12 October 2026
Zetwerk Sets IPO Price Band at INR 143 to INR 151 for INR 5,012 Crore Issue
Zetwerk has set a price band of INR 143 to INR 151 per share for its INR 5,012 crore IPO. The issue includes a fresh issue of INR 2,830 crore and an offer for sale of 14.45 crore shares. It values the company at INR 25,583 crore at the top of the band.
The IPO will open for subscription from 15 to 19 October, with listing expected on 23 October. Zetwerk runs a manufacturing platform that connects businesses with factories and suppliers in sectors such as electronics, energy and defence. Its revenue from continuing operations rose to INR 15,913 crore in FY26 from INR 11,332 crore in FY25.
Tonbo Imaging Sets IPO Price Band at INR 665 to INR 700
Defence electronics maker Tonbo Imaging has set a price band of INR 665 to INR 700 per share for its INR 852.1 crore IPO. The issue is entirely an offer for sale by existing shareholders, so the company will not receive any of the money.
The IPO will open for subscription from 15 to 19 October and values Tonbo at about INR 4,009.8 crore at the top of the band. The company makes thermal imaging systems, weapon sights and missile seekers. Its revenue fell 22.7% to INR 362.6 crore in FY26, while its net profit fell 43% to INR 50.8 crore.
Tessolve Raises $75 Million From Vector Line Capital
Hero Electronix-owned chip services company Tessolve has raised $75 million from Vector Line Capital. Existing backers TPG and Novo Tellus Capital Partners also took part. It will use the money for acquisitions, new services and international growth.
Founded in 2004, Tessolve offers chip design, validation, testing and embedded systems services, and works with 18 of the world's top 20 semiconductor companies. It has now raised $265 million in total. The company bought Germany's Dream Chip Technologies in November 2024.
McCain Foods Acquires Falcon Agrifriz's Potato Business in Gujarat
McCain Foods has agreed to acquire the frozen potato processing business of Falcon Agrifriz Foods in Gujarat. The deal value was not disclosed, and it is subject to standard closing conditions.
Falcon Agrifriz runs a fully automated potato processing plant in Gujarat that employs more than 450 people and works with over 1,000 farmers. McCain already has factories in Mehsana, Gujarat, and has operated in India for nearly 30 years.
Muskaan Kapoor
