Daily Indian Funding Roundup & Key News – 2nd December 2025: Modulus Housing Raises INR 70 Cr, StockGro Secures INR 150 Cr, Swiggy Plans INR 10,000 Cr QIP & Wipro Completes $375 Mn Buyout

Sanvi Barjatya

02 Dec 2025 — 2 min read

Daily Indian Funding Roundup & Key News – 2nd December 2025

The Indian startup ecosystem remained dynamic on 2nd December 2025, with a mix of fresh venture funding, major expansion plans, and notable corporate acquisitions. Early-stage and growth-stage companies continued to attract strong investor attention, underscoring confidence across proptech, fintech, logistics, and digital transformation sectors. Modulus Housing and StockGro led the day’s funding activity, while Swiggy’s upcoming INR 10,000 crore QIP highlighted rising expectations in the quick-commerce space. Additionally, Wipro’s completion of its $375 million buyout of HARMAN’s DTS business marked a significant milestone in India’s enterprise technology landscape. Here’s the complete breakdown of key developments.

Daily Indian Startup Funding Roundup - 2nd December 2025

Company	Amount	Round	Lead investor(s)	Sector
Modulus Housing	INR 70 Cr	Series A	Kalaari Capital; Hero; Samarthya Investments	Proptech / Modular construction
StockGro	INR 150 Cr	Series B (convertible)	Mukul Agrawal (and affiliate entities)	Fintech / AI-driven investment platform

Modulus Housing raises INR 70 Cr in Series A

Logistics tech startup Modulus Housing has raised INR 70 crore in its Series A round led by Kalaari Capital, Hero, and Samarthya Investments. The company builds modular, factory-made low-rise buildings and plans to use the new funding to expand operations across India and global markets. The capital will also support R&D for next-gen modular systems, enhance manufacturing infrastructure, and strengthen their sustainable, green-concrete technology.

StockGro secures INR 150 Cr to expand AI-driven investment platform

StockGro has raised INR 150 crore in a Series B convertible round from Mukul Agrawal and affiliated groups. The company will use the funds to scale its AI-powered investment advisory platform, expand geographically, and introduce new products across diverse asset classes. The platform focuses on democratising investing, offering tools, research, and expert guidance to users.

Key Business News for 2nd December 2025

Swiggy set to launch INR 10,000 Cr QIP next week

Swiggy plans to raise up to INR 10,000 crore via a Qualified Institutional Placement (QIP), with the fundraising expected to launch as early as next week. The company has shortlisted the Indian arms of Citigroup, JPMorgan Chase & Co., and Kotak Mahindra Capital as bankers for managing the share sale. The fresh capital is aimed at fueling Swiggy’s growth in the quick-commerce segment and strengthening its financial position amid intensifying competition in India’s instant-commerce market.

Wipro wraps up $375 million buyout of HARMAN’s DTS business

Wipro has completed the acquisition of HARMAN’s Digital Transformation Solutions (DTS) business unit for USD 375 million (about INR 3,270 crore). The deal brings more than 5,600 DTS employees — including senior leadership across multiple geographies — into Wipro. With this purchase, Wipro aims to significantly bolster its engineering, AI-powered digital engineering, device-engineering, and R&D capabilities. The acquisition strengthens Wipro’s global footprint in engineering services and digital transformation.