Daily Indian Funding Roundup & Key News – 22nd December 2025: PowerUp Money Raises $12 Mn, PlasmaGen Secures INR 150 Cr, Axiado Bags $100 Mn+ & More
India’s startup ecosystem closed the day on a strong note with notable funding activity across wealthtech, biopharma, fintech, and deep tech sectors. PowerUp Money raised fresh capital to deepen its advisory offerings, while PlasmaGen Biosciences secured significant funding to expand its plasma-derived therapy portfolio. MSME lender Dugar Finance strengthened its lending capacity through a debt round led by global impact investors, and Axiado Corporation attracted major capital to advance AI data-center security solutions. Alongside funding updates, regulatory developments also made headlines, with Urban Company receiving a substantial GST notice, highlighting ongoing compliance challenges in the platform economy.
Daily Indian Startup Funding Roundup - 22nd December 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| PowerUp Money | $12 Mn | Series A | Peak XV; Accel; Blume Ventures; Kae Capital; 8i Ventures; DevC | Wealthtech / Mutual fund advisory |
| PlasmaGen Biosciences | INR 150 Cr | Equity funding | ViNS Bioproducts; HNIs; family offices; pharma entrepreneurs; existing investors | Biopharma / Plasma-derived therapies |
| Dugar Finance | $18 Mn (Debt) | Debt round | Symbiotics; Union Bank of India; Karur Vysya Bank; Indian Overseas Bank; Tamilnad Mercantile Bank; STCI Finance | Fintech / MSME secured lending |
| Axiado Corporation | $100 Mn+ | Series C+ | Maverick Silicon; Prosperity7 Ventures; Orbit Venture Partners; Crosslink Capital; Nosterra Ventures; others | Tech / AI data-center security & system management |
PowerUp Money raises $12 Mn in Series A led by Peak XV
Wealthtech startup PowerUp Money has raised $12 million in a Series A funding round led by Peak XV, with participation from existing investors including Accel, Blume Ventures, Kae Capital, and others. The funds will be used to strengthen its advisory and research capabilities, expand premium offerings, and invest in financial literacy initiatives.
PlasmaGen Biosciences raises INR 150 Cr led by ViNS Bioproducts
PlasmaGen Biosciences has secured INR 150 crore in a funding round led by ViNS Bioproducts, along with participation from HNIs, family offices, and pharma entrepreneurs. The company plans to use the capital to expand its plasma-derived therapy portfolio, scale manufacturing, and grow its global footprint.
Dugar Finance secures $18 Mn debt round led by Symbiotics
Impact-focused MSME lender Dugar Finance has raised $18 million in a debt round led by Symbiotics, with participation from multiple Indian banks. The funding will support the company’s secured lending operations and expansion into underserved Tier-2 to Tier-6 markets.
Axiado Corporation raises $100 Mn+ in Series C+ funding
Axiado Corporation has raised over $100 million in a Series C+ funding round to advance its platform security and system management solutions for AI-driven data centers. The funding will be used to accelerate product innovation, global expansion, and adoption of secure hardware solutions for next-generation data center infrastructure.
Key Business News for 22nd December 2025
Urban Company receives INR 56 Cr GST notice
Urban Company has been served a GST demand-cum-penalty notice of INR 56.4 crore by Maharashtra authorities for FY21–FY25 over tax classification issues. The company plans to appeal the notice and said it will not impact its operations.
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