Daily Indian Funding Roundup & Key News - 27 June 2025: ZILO, Agilitas Raise Funds; Wakefit IPO Progress in Focus
Here’s a quick look at the latest startup fundings and key news highlights from across India on 27 June 2025.
Daily Indian Startup Funding Digest - 27 June 2025
| Company | Investment | Investors | Use of Funds |
|---|---|---|---|
| ZILO | $4.5 million | Info Edge Ventures (lead), Chiratae Ventures | Enhance supply‑chain, scale beyond Mumbai, expand inventory to ~100,000 styles |
| Agilitas | ₹40 crore ($4.8 million) – tranche 1 | Virat Kohli (personal investment) | Build sports manufacturing & retail vertical, include Kohli’s One8 brand, deepen Kohli’s involvement |
ZILO Raises $4.5 Million to Scale 60-Minute Fashion Delivery
Quick fashion delivery startup ZILO has raised $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures. Founded by Padmakumar Pal and Bhavik Jhaveri, the Mumbai-based company aims to expand beyond the city, enhance its hybrid supply chain, and scale its catalogue to nearly 100,000 styles. The platform promises 60-minute delivery and partners with over 250 fashion brands.
Virat Kohli Invests INR 40 Crore in Agilitas, Joins as Strategic Partner
Cricketer Virat Kohli has invested INR 40 crore in Bengaluru-based Agilitas, founded by ex-Puma MD Abhishek Ganguly. The investment marks the first tranche of Kohli’s involvement, with plans to integrate his brand One8 and take on a strategic role. Agilitas aims to build a fully integrated sports retail and manufacturing platform and has previously acquired Mochiko Shoes and Lotto India rights.
Nitin Konde
Key News Highlights - 27 June 2025
Flipkart Launches New Seller Success Programme
Flipkart has rolled out its New Seller Success Programme, offering first-time sellers 60 days of complimentary onboarding support, covering cataloguing, order fulfilment and pricing tools. The initiative, launched earlier this year, already shows promising results in empowering small and regional merchants to better navigate and grow on its platform.
Wakefit Files DRHP, Narrows FY24 Losses Dramatically
D2C furniture and mattress brand Wakefit has filed its Draft Red Herring Prospectus (DRHP) for an IPO aimed at INR 468.2 crore, combining a fresh issue and offer-for-sale. In FY24, the company narrowed its loss sharply to INR 15 crore, down from ₹145.7 crore, while revenues grew 21.9% to ₹986.4 crore.
Pine Labs Chief Earns ₹9.5 Crore & Gets 2.3 Crore ESOPs Ahead of IPO
Fintech firm Pine Labs CEO Amrish Rau received ₹9.5 crore in total compensation for FY25, including salary, bonuses and ESOP gains, along with 2.3 crore ESOPs, as outlined in its DRHP. The company, which aims to raise around INR 2,600 crore in its upcoming IPO, will use proceeds for international expansion, tech development and debt reduction.
Jio BlackRock Broking Secures SEBI Nod; JFS Shares Jump ~4%
Jio BlackRock Broking, the JV between Jio Financial Services and BlackRock, has received SEBI approval to begin operations as a stockbroker and clearing member in India. The licence complements its existing asset management and advisory units, and the news prompted a 4–5% rise in Jio Financial’s stock.
JSW Paints to Acquire 74.76% Stake in Akzo Nobel India for INR 8,986 Crore
JSW Paints has signed definitive agreements to acquire a 74.76% stake in Akzo Nobel India (maker of Dulux) for up to INR 8,986 crore, valuing the business at INR 12,000 crore. The deal, awaiting CCI approval and followed by an open offer, elevates JSW to the fourth-largest player in India’s ₹80–90 thousand crore paints market.
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