Daily Indian Funding Roundup & Key News – 23rd December 2025: Naxatra Labs Raises $3 Mn, Prosperr.io Bags $4 Mn, CoreEL Secures $30 Mn & More
India’s startup ecosystem wrapped up December 23, 2025, with steady funding momentum and important business developments across healthtech, fintech, defence technology, and microfinance. Early-stage and growth-stage startups attracted investor interest, reflecting confidence in technology-driven solutions addressing healthcare access, tax compliance, national security, and financial inclusion. Alongside funding action, major business updates from established players highlighted global expansion and sustained profitability trends. From Naxatra Labs’ pre-Series A round led by Rainmatter to Paytm’s overseas push and Rentomojo’s third consecutive profitable year, the day underscored both innovation and operational maturity in India’s evolving startup landscape.
Daily Indian Startup Funding Roundup - 23rd December 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Naxatra Labs | $3 Mn | Pre-Series A | Rainmatter | Medical technology / Digital health |
| Prosperr.io | $4 Mn | Seed | Jungle Ventures | Tax management infrastructure / Fintech |
| CoreEL Technologies | $30 Mn | Funding round (unspecified) | Not disclosed | Defence electronics / Technology |
| DJT Microfinance | INR 130 Cr | Funding round (unspecified) | Public Sector Banks and leading NBFCs | Microfinance / Financial inclusion |
Naxatra Labs raises $3 Mn pre-Series A led by Rainmatter
Healthcare startup Naxatra Labs has raised $3 million in a pre-Series A round led by Rainmatter. The funding will be utilized to enhance the company’s digital health solutions, expand product offerings, and accelerate growth across the Indian healthcare ecosystem.
Prosperr.io raises $4 Mn led by Jungle Ventures
Tax management infrastructure startup Prosperr.io has secured $4 million in funding led by Jungle Ventures. The capital will help scale its tax compliance solutions for businesses, strengthen technology infrastructure, and expand its footprint across India.
CoreEL Technologies raises $30 Mn
Defence electronics firm CoreEL Technologies has raised $30 million to strengthen its R&D capabilities, develop next-generation defence products, and expand its market presence. The funding underlines growing investor interest in defence technology innovation.
DJT Microfinance secures INR 130 Cr from PSBs and NBFCs
DJT Microfinance, a leading Indian microfinance institution, has secured INR 130 crore funding from Public Sector Banks and leading NBFCs. The funding will support expansion across new geographies, strengthen lending portfolios, and improve service delivery to underserved communities.
Key Business News for 23rd December 2025
Paytm expands overseas with new units in Indonesia and Luxembourg
Fintech giant Paytm, through its parent One97 Communications Ltd and subsidiary Paytm Cloud Technologies, is expanding its global footprint by setting up wholly owned units in Indonesia and Luxembourg. The company is also bringing in an investor for its UAE payments arm by selling a 49% stake in Paytm Arab Payments LLC. The overseas push is aimed at growing Paytm’s technology‑led merchant payments and financial services beyond India.
Rentomojo achieves third year of profitability; FY25 net profit rises 92% to INR 43 crore
Consumer tech rental platform Rentomojo reported its FY25 financial results, marking its third consecutive year of profitability. The company posted a net profit of INR 43.07 crore, up from INR 22.49 crore in the previous year, with net rental revenue of INR 265.96 crore and EBITDA rising to INR 118.41 crore. Rentomojo operates furniture and appliance rentals across 23 cities, expanding both online and offline presence.
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