Daily Indian Funding Roundup & Key News – 16th December 2025: Digantara Raises $50 Mn, Moxie Beauty Secures $15 Mn, upGrad Begins IPO Preparations & More
India’s startup ecosystem continued to witness strong momentum on 16th December 2025, with funding activity spanning spacetech, D2C beauty, climate tech, deep tech, and consumer appliances. Spacetech startup Digantara led the day with a $50 million Series B round, while haircare brand Moxie Beauty and shapewear startup Underneat secured significant growth capital. Early-stage ventures like Quintrans and EDT also attracted fresh investor interest, highlighting sustained confidence in innovation-led businesses. Meanwhile, edtech major upGrad made headlines by initiating IPO preparations, signaling a growing pipeline of public market-ready startups amid improving market sentiment.
Daily Indian Startup Funding Roundup - 16th December 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Digantara | $50 Mn | Series B | 360 ONE Asset; SBI Investments Co Japan; Ronnie Screwvala; Peak XV Partners; Kalaari Capital | Space surveillance & intelligence / Spacetech |
| Moxie Beauty | $15 Mn | Series A | Bessemer Venture Partners; Fireside Ventures; Navin Parwal; Sangeet Agarwal; Arjun Parikh | Haircare / D2C beauty |
| Underneat | $6 Mn | Pre-Series A | Fireside Ventures; Ghazal Alagh | Shapewear & innerwear |
| Quintrans | $750K | Pre-seed | Capital-A; Sumeet Kabra; SanchiConnect; IIMA Ventures; others | Deep tech engineering / Automation |
| Aurassure | INR 25 Cr | Pre-Series A | Rainmatter; Unicorn India Ventures; Maithan Alloys Limited | Climate tech / Environmental analytics |
| EDT | $1.4 Mn | Pre-seed | Sauce VC; Consumer Collective; Peak XV Spark Grant; founders, operators & family offices | Consumer appliances |
Spacetech startup Digantara raises $50 Mn in Series B round
Spacetech company Digantara has raised $50 million in a Series B funding round led by 360 ONE Asset and SBI Investments Co Japan, with participation from Ronnie Screwvala and existing investors Peak XV Partners and Kalaari Capital. The fresh capital will be used to scale global operations, strengthen R&D, build manufacturing capabilities and deploy additional space surveillance and missile-warning satellites.
Haircare startup Moxie Beauty raises $15 Mn in Series A led by Bessemer
Haircare brand Moxie Beauty has secured $15 million in a Series A round led by Bessemer Venture Partners, with support from Fireside Ventures and prominent angel investors. The funding will help the D2C brand expand its product portfolio, strengthen distribution channels and deepen its focus on solutions tailored for Indian hair textures.
Shapewear brand Underneat raises $6 Mn in pre-Series A led by Fireside Ventures
Shapewear and innerwear brand Underneat has raised $6 million in a pre-Series A funding round led by Fireside Ventures, along with participation from existing investor Ghazal Alagh. The company plans to use the funds to scale operations, expand its presence across Indian cities and strengthen its mass-premium bodywear offerings.
Quintrans raises $750K in pre-seed round led by Capital-A
Deep-tech startup Quintrans has raised $750,000 in a pre-seed funding round led by Capital-A, with backing from Sumeet Kabra, SanchiConnect, IIMA Ventures and other investors. The startup will deploy the capital towards R&D, advanced manufacturing facilities and development of direct-drive linear motion systems for automation and robotics use cases.
Climate tech startup Aurassure raises INR 25 Cr in pre-Series A
Climate-tech startup Aurassure has secured INR 25 crore in a pre-Series A funding round led by Rainmatter and Unicorn India Ventures, with participation from Maithan Alloys. The funds will support product development, international expansion and scaling of its real-time environmental risk monitoring and analytics platform.
Consumer appliances startup EDT raises $1.4 Mn in pre-seed round led by Sauce VC
Consumer appliances startup EDT has raised $1.4 million in a pre-seed funding round led by Sauce VC, with participation from Consumer Collective, Peak XV’s Spark Grant and several founders and family offices. The company plans to use the capital for product development, manufacturing partnerships, talent hiring and early market expansion.
Key Business News for 16th December 2025
upGrad begins IPO preparations
Edtech major upGrad has initiated preparations for its initial public offering (IPO) as it charts the next phase of its growth journey. The company is reportedly streamlining operations, strengthening governance frameworks, and engaging with financial advisors as part of its readiness process. The move comes amid improving market sentiment and reflects upGrad’s intent to tap public markets to support long-term expansion, enhance brand credibility, and provide liquidity to existing investors.
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