Daily Indian Funding Roundup & Key News - 29 July 2026: Fixxly Raises $5.5 Mn, Revspot Bags $4.8 Mn, Zepto Mulls IPO Delay
Quick commerce and AI led India's startup funding on Tuesday, with three disclosed rounds totalling about $11.6 million. Bengaluru's Fixxly raised the largest cheque, a $5.5 million seed for building-materials quick commerce, followed by AI startup Revspot's $4.8 million Series A. In news, Zepto is weighing an IPO delay after investors pushed for a valuation of half its private worth, while OfBusiness posted a 21% rise in FY26 profit. Anicut Capital also launched a new ₹175 crore early-stage fund.
Daily Indian Startup Funding Digest - 29 July 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Fixxly | Building Materials / Quick Commerce | ~₹47 Cr ($5.5 Mn) | Seed | Accel, Fireside Ventures, Lightspeed India Partners |
| Revspot | AI / SaaS | ~₹41 Cr ($4.8 Mn) | Series A | Inflexor Ventures, Info Edge Ventures |
| Hegdinvst | Alternative Investments | ₹11.5 Cr ($1.3 Mn) | Series A | Domestic & international HNIs |
Fixxly Raises $5.5 Million Seed Round
Bengaluru-based Fixxly is building an AI-powered quick commerce platform for building materials. It lets contractors, electricians, plumbers, carpenters, painters, interior designers and homeowners order plywood, paint, electricals, lighting, hardware and plumbing supplies, with deliveries in as little as 30 minutes.
The startup raised $5.5 million (~₹47 crore) in a seed round from Accel, Fireside Ventures and Lightspeed India Partners. Fixxly was founded in 2026 by Shezan Bhojani and Sachith Varma.
The capital will strengthen its technology platform and scale operations ahead of a commercial launch on 1 September, starting in Bengaluru before expanding to other cities. It fulfils orders through a network of local dark stores that match real-time inventory, proximity and demand. Bhojani earlier co-founded DesignCafe, while Varma led supply chain design at Zepto and last-mile operations at Flipkart.
Revspot Raises $4.8 Million Series A
Bengaluru-based Revspot runs an AI-native platform that automates lead generation and qualification for businesses. It combines consumer intelligence, campaign analytics, lead enrichment, Voice AI, WhatsApp engagement and sales handoff.
The startup raised $4.8 million (~₹41 crore) in a Series A round co-led by Inflexor Ventures and Info Edge Ventures. Pentathlon Ventures, Silicon Road Ventures and existing investor Titan Capital also participated. Revspot had raised $1.4 million in a 2024 seed round.
The fresh capital will strengthen its product and engineering teams, expand the buyer intelligence platform, enter new high-ticket B2C sectors and grow in select international markets. Founded in 2024 by Darshan Subash, Chirag Wadhera and Varun Garg, Revspot serves more than 50 customers across real estate, education, automotive and wealth management.
Hegdinvst Raises $1.3 Million Series A
Chennai-based Hegdinvst is an alternative investment manager serving family offices, UHNIs and HNIs across private and public markets. Its existing Category II AIF, Hegd Growth Equity Fund I, invests across private equity, PIPE transactions and listed micro- and small-cap opportunities.
Hegdinvst raised $1.3 million (₹11.5 crore) in an oversubscribed Series A round, exceeding its $1.1 million (₹10 crore) target. It was backed by a select group of domestic and international HNIs.
Of the total, ₹10 crore will go towards the mandatory sponsor commitment for Hegdinvst's proposed SEBI Category III AIF, a multi-asset hedge fund. The commitment complements founder and managing partner Aditya Bhandari's personal investments across both funds.
Key Business News for 29 July 2026
Zepto Weighs IPO Delay As Investors Seek $2.5-3 Bn Valuation
Quick commerce startup Zepto is considering delaying its IPO after institutional investors sought a valuation of $2.5-3 billion, less than half its $7 billion private market valuation from October 2025. Zepto is negotiating ahead of the 21 August validity deadline for its IPO papers and may defer the listing if the gap is not bridged. Its net loss widened to ₹5,095 crore in FY26, even as operating revenue nearly doubled to ₹22,624 crore. The planned IPO comprises a fresh issue of up to ₹8,010 crore and an offer for sale of up to 11.35 crore shares.
OfBusiness FY26 Profit Rises 21% To ₹724 Crore Ahead Of IPO
IPO-bound B2B ecommerce startup OfBusiness reported a 21% rise in consolidated net profit to ₹724 crore in FY26, while operating revenue stayed largely flat at ₹20,645 crore. EBITDA rose 34% to ₹769 crore, with margin expanding to 4% from 2.6%. Its lending arm Oxyzo Financial Services grew its asset base 28% to ₹11,822 crore and net profit 11% to ₹375.5 crore. OfBusiness continues to prepare for an IPO targeting $750 million to $1 billion at a valuation of $6-9 billion.
BlackBuck Q1 Profit Up 25% To ₹42 Crore, Revenue Jumps 42%
Logistics company BlackBuck reported a 25% rise in Q1 FY27 net profit to ₹42.2 crore, though profit fell 36% sequentially from ₹65.7 crore. Operating revenue rose 42% year-on-year to ₹204.2 crore, with total income at ₹220.5 crore. The company served 8.83 lakh customers during the quarter, with monthly transacting customers using two or more services up 20% to 4.6 lakh. Its board also designated NBFC arm BlackBuck Finserve a material subsidiary. Shares closed 4.02% lower at ₹521 on the BSE.
Uber Challenges Karnataka Gig Workers Law In High Court
Uber has moved the Karnataka High Court challenging the constitutional validity of the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Act, 2025. The court issued notices to the Centre, the state and the welfare board, seeking responses by 24 August, and extended interim protection from coercive action already granted to Eternal, Swiggy, Zepto, Urban Company and others. Uber argues the law creates a second social security regime overlapping the Centre's Code on Social Security, 2020, while adding compliance costs. The case could decide whether states can run separate gig worker welfare regimes.
Anicut Capital Launches ₹175 Crore Early-Stage Fund
Alternative investment firm Anicut Capital has launched Grand Anicut Seed Fund, its second early-stage vehicle, with a target corpus of ₹175 crore (about $18.2 million) and a ₹75 crore greenshoe option. The SEBI-registered Category I fund will back more than 20 startups across deeptech, enterprise tech, consumer and financial services, with initial cheques of ₹5-8 crore. It has already committed capital to three startups and is targeting a $10 million first close next month. The fund builds on Anicut's Grand Anicut Angel Fund, which has backed 68 startups since 2021.
Muskaan Kapoor
