Daily Indian Funding Roundup & Key News – 28th November 2025: Candi Solar Raises $58.5 Mn, Ripplr Secures $45 Mn, SFL Bags INR 21.57 Cr, Meesho IPO Gains Spotlight & More
India’s startup ecosystem remained active on 28th November 2025, recording significant funding activity across clean energy, logistics-tech, and sports-tech segments. The day also saw major business developments, including Meesho’s much-anticipated IPO drawing strong market attention. Here’s a quick breakdown of all the major funding announcements and key business highlights from the day.
Daily Indian Startup Funding Roundup - 28th November 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Candi Solar | $58.5 Mn | Debt funding | International Finance Corporation (IFC) | Clean energy / Distributed solar solutions |
| Ripplr | $45 Mn | Series C | State Bank of India (SBI); existing investors | Distribution & supply-chain / Logistics-tech |
| SFL (Sports for Life) | INR 21.57 Cr | Series A | Fireside Ventures; Genesia Ventures; others | Youth multisport development / Sports-tech & training |
Candi Solar raises $58.5 Mn led by IFC
Clean-energy startup Candi Solar, which builds and manages distributed solar solutions for commercial and industrial clients, has secured $58.5 million in a debt funding round led by the International Finance Corporation (IFC). The funding will help expand its portfolio across India and South Africa, including performance-linked solar and storage solutions.
Ripplr raises $45 Mn in Series C funding
Ripplr, a full-stack distribution and supply-chain platform, has closed a $45 million Series C round led by the State Bank of India (SBI) along with participation from existing investors. The company aims to scale operations, deepen its retailer network, and move toward profitability and future expansion.
SFL raises INR 21.57 Cr in Series A round
Sports for Life (SFL), a youth multisport development platform offering academies, leagues, and performance-tracking tech infrastructure, has secured INR 21.57 crore in a Series A round led by Fireside Ventures and Genesia Ventures. The funds will support expansion into new cities, strengthen training infrastructure, and scale enrollment.
Key Business News for 28th November 2025
Meesho IPO — High valuation and massive gains for founders and early investors
E-commerce platform Meesho is heading for one of India’s most anticipated IPOs with a price band of INR 105–111 per share. This puts the company’s valuation in the range of approximately INR 50,000 crore to INR 52,500 crore. The IPO consists of a fresh issue of INR 4,250 crore along with an Offer for Sale (OFS), which was reduced to 10.55 crore shares from the previously planned 17.57 crore shares.
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