Daily Indian Funding Roundup & Key News - 14 October 2026: GreenCell Mobility Raises ₹330 Crore, Groww Q2 Profit Jumps 54%

Eleven funding rounds were announced on 14 October 2026, in sectors ranging from electric buses to specialty chemicals and spacetech. Impact Fund Denmark, Hitachi Ventures and Elevation Capital were among the day's lead investors. Groww also reported a 54% jump in its Q2 profit.

Daily Indian Startup Funding Roundup - 14 October 2026

GreenCell Mobility Raises INR 330 Crore From Impact Fund Denmark

GreenCell Mobility raised INR 330 crore in equity from Impact Fund Denmark. The money will support the rollout of about 4,500 electric buses, as the company aims to run more than 5,000 buses across 105 Indian cities.

GreenCell Mobility is an electric bus operator backed by Eversource Capital, with earlier investment from IFC and BII. It runs more than 1,200 electric buses, including intercity buses under its NueGo brand. The company is led by CEO Devendra Chawla.

Scimplify Raises $25 Million Led by Hitachi Ventures

Scimplify raised $25 million in a round led by Hitachi Ventures, with customers Henkel and Teknor Apex joining as new investors. Existing investors Accel, Bertelsmann India Investments, Omnivore and 3one4 Capital also took part. About $7.5 million will go towards expanding in the US.

Bengaluru-based Scimplify makes specialty chemicals and critical materials through a network of partner factories, mostly in India. It uses AI to speed up chemical development and improve manufacturing. Its customers include TDK and BASF, and it has raised $80 million in equity so far.

Spill Games Raises $10.5 Million in Series A Round Led by Elevation Capital

Spill Games raised $10.5 million in a Series A round led by Elevation Capital, with existing investors Centre Court Capital and PeerCapital also taking part. The studio will use the money to scale its hit games, launch new ones, acquire users and strengthen its AI tools.

Founded in 2024 by former PlaySimple Games team members Om Misra, Tapan Ranjan and Harsh Garg, Bengaluru-based Spill Games is an AI-led mobile gaming studio. Its in-house engine, Compass, helps it build and test games about four times faster. The studio now has six games with profitable, scalable numbers.

Parallel Loop Raises $6.6 Million in Seed Round Led by 3one4 Capital

Parallel Loop raised $6.6 million in a seed round led by 3one4 Capital. The startup helps mid-sized and large companies adopt AI.

Founded in June 2026 by Prateek Jogani and Yujun Chean, Parallel Loop helps companies build AI into their existing systems and work. Its engineers work inside client teams and use AI agents to update old systems and build new apps. It has more than 10 clients, including Licious and Havells.

Bower School of Entrepreneurship Raises INR 26.8 Crore in Pre-Series A Round

Bower School of Entrepreneurship raised INR 26.8 crore in a pre-Series A round from returning and new investors, including Sunera Group CEO Ravi Reddy. The school will use the money to build a campus in Hyderabad, launch a platform for learners and founders and partner with more universities.

Founded by Pavan Allena, Hyderabad-based Bower runs entrepreneurship programmes for school students, undergraduates, working professionals and founders. It has more than 8,000 school learners in its programmes. Allena earlier founded Metamorphosis Edu, which BrightCHAMPS acquired in 2023.

Circle Raises INR 25 Crore in Seed Round Led by Nexus Venture Partners

Circle raised INR 25 crore in a seed round led by Nexus Venture Partners, with existing investor Titan Capital also taking part. The startup will use the money to expand beyond Bengaluru and improve its AI pricing and product checks.

Founded in 2025 by Chirag Kataruka and Ankit Misra, Bengaluru-based Circle runs a managed marketplace where people buy and sell used goods. It checks products, picks them up and handles payments, without holding any stock. The company says it sold about INR 25 crore of used goods in its first year.

The Stack Raises INR 21.5 Crore in Seed Round

The Stack raised INR 21.5 crore in a seed round co-led by Sauce, OTP Ventures and Huddle Ventures. The brand will use the money to grow its team, invest in research and add more products.

Founded in 2024 by Shreya Jain and Kshitij Rihal, Goa-based The Stack makes supplements for sleep, gut health and general health. It currently sells five products. The company says about one in three customers reorders within six months.

OXG Space Raises INR 17 Crore Led by Aum Ventures

OXG Space raised INR 17 crore in a round led by Aum Ventures, with Skyroot Aerospace co-founders Pawan Kumar Chandana and Bharath Daka also investing. The startup will use the money to test its core technologies in orbit over 12 months.

Founded by former ISRO engineers Akash Shetty and Sanjay Gorur, Bengaluru-based OXG Space is building a satellite network that processes data in space. This lets satellite images reach users in near real time rather than hours later. It targets defence, intelligence and commercial satellite operators.

Former Dyson India MD Ankit Jain's Foundry Raises INR 12 Crore

Foundry raised INR 12 crore from BEENEXT and Kettleborough VC, with Plix co-founder Rishubh Satiya and Yogabar co-founder Anindita Sampath also investing. The startup will use the money for technology and product development.

Foundry was founded by Ankit Jain, who led Dyson in India and later its Middle East and Africa business. The company is building premium home appliances, starting with kitchen appliances. Its first range is due to launch in the second half of 2027.

RocketPay Raises INR 10 Crore Led by Sandeep Jain and Group

RocketPay raised INR 10 crore in a round led by Sandeep Jain and Group, with Inflection Point Ventures, LetsVenture and others also investing. The startup will use the money to help lenders recover loans and phones bought on EMI.

Founded in 2022 by Rishav Dokania, Arpit Bajpai, Ishan Sharma and Kishor Chabbadiya, RocketPay automates loan collections for lenders. It can also lock and unlock Android phones bought on loan when payments are missed. The company says its revenue grew 10 times between FY24 and FY26.

RevRag AI Raises $2.5 Million in Seed Round

RevRag AI raised $2.5 million in a seed round led by Accion Ventures and Cedar Hill Capital, with Wyser and Venture Catalysts also investing. The startup will use the money to build its product, win more large clients and enter the US.

Founded in 2022 by Ashutosh Prakash Singh, Neeraj Gupta and Pankaj Gupta, Bengaluru-based RevRag AI builds AI relationship managers for banking and insurance apps. They help customers sign up, buy products and get support in several languages. The startup works with more than 45 financial firms, including PhonePe and Bajaj Finance.

Daily Indian Funding Roundup & Key News - 13 October 2026: Boldfit Raises ₹400 Crore, NPCI Defers UPI MDR Till After Diwali

Boldfit raised INR 400 crore in a Series B round and six more startups closed rounds, as NPCI put off the UPI merchant fee until after Diwali and Zoho froze salary hikes.

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Key Business News for 14 October 2026

Groww Q2 FY27 Profit Jumps 54% to INR 725 Crore

Groww reported a net profit of INR 724.7 crore for Q2 FY27, up 54% from INR 471.3 crore a year earlier. Its operating revenue rose 47.4% to INR 1,501.5 crore.

Both profit and revenue were roughly flat compared with the previous quarter. Revenue from equity derivatives fell 14.3% quarter on quarter, which Groww linked to a change in exchange trading rules. Its mutual fund arm, Groww AMC, more than doubled its assets to INR 7,179 crore.

RDI Fund Picks First 19 Fund Managers to Deploy INR 7,131 Crore

The government's Research, Development and Innovation Fund has picked its first group of 19 fund managers, who will deploy INR 7,131 crore into research-heavy companies. The group includes venture funds such as Blume Ventures, Speciale Invest and Chiratae Ventures, along with research bodies such as IIT-Madras Research Park.

The RDI Fund, launched in November 2025, has a total corpus of INR 1 lakh crore. It aims to back companies building high-risk, high-impact technologies. Selected fund managers must raise an equal amount of private money alongside the government's contribution.

Google.org Commits $15 Million to The/Nudge to Help Small Businesses Use AI

Google.org has committed $15 million to The/Nudge Institute to build AI tools for India's small businesses. The tools will help small firms get loans, stay compliant and reach buyers.

The programme will be run by the^delta, The/Nudge's social enterprise arm. It will include an open call for ideas and a voice-based platform in several languages that trains people in smaller towns. The/Nudge is a Bengaluru nonprofit founded in 2015 by Atul Satija.