Daily Indian Funding Roundup & Key News – 29th October 2025: Mem0 Raises $24 Mn, Fambo Secures INR 21.55 Cr, boAt Files for INR 1,500 Cr IPO & More

India’s startup ecosystem remained vibrant on 29th October 2025, witnessing a diverse set of fundraises across AI, fintech, agritech, and consumer brands. From Mem0’s $24 million round in the AI infrastructure space to Fambo’s Series A boost in agrifood supply, the day highlighted strong investor confidence in innovation-led growth. Meanwhile, in major corporate updates, boAt’s parent firm filed for an INR 1,500 crore IPO and Amazon announced global layoffs as part of its restructuring strategy. Here’s a quick look at all the top funding rounds and key business news driving India’s startup and corporate landscape today.

Daily Indian Funding Roundup - 29th October 2025

Mem0 secures $24 million to build memory for the next generation of AI agents

AI infrastructure startup Mem0 has raised $24 million in a combined Seed and Series A round led by Basis Set Ventures, with participation from Peak XV Partners, Kindred Ventures, GitHub Fund and Y Combinator. The company is developing a “memory layer” that allows AI agents to retain and recall user context, preferences, and interactions across sessions. The funding will help Mem0 expand its engineering team, enhance data-security protocols, and scale its infrastructure globally as it positions itself as the backbone for context-aware AI applications.

SaveSage raises $1 million pre-seed to redefine digital rewards and loyalty programs

Fintech startup SaveSage has raised $1 million in a pre-seed round from undisclosed investors. The company is building a platform that enables brands to create and manage personalized loyalty and cashback experiences for customers. The fresh funding will be used to strengthen the product’s AI-driven analytics engine, onboard partner merchants, and expand across tier-1 and tier-2 Indian cities, making rewards more seamless and data-driven.

Oroos bags INR 20 crore to expand premium confectionery presence across India

Mumbai-based Oroos, a confectionery brand known for its chocolate and baked treats, has raised INR 20 crore in a seed round led by Fireside Ventures along with participation from the State Bank of India and a network of angel investors. The capital infusion will support new product launches, capacity expansion at its manufacturing units, and the introduction of sustainable packaging. The company also aims to increase its footprint across modern retail and e-commerce channels targeting younger consumers.

Happi Planet secures $2 million to grow its eco-friendly home-care portfolio

Sustainable home-care brand Happi Planet has raised $2 million in its first institutional funding round from Fireside Ventures and Prath Ventures. The company manufactures toxin-free cleaning and personal-care products using plant-based ingredients. This funding will help strengthen supply chains, scale up marketing efforts, and expand to international markets, reflecting the growing shift of Indian consumers toward conscious and planet-positive products.

StampMyVisa raises INR 4 crore bridge round to simplify global visa processing

Travel-tech startup StampMyVisa has secured INR 4 crore in a bridge round led by Unicorn India Ventures. The company offers automated visa-processing solutions for businesses and individuals, helping streamline application tracking, documentation, and embassy coordination. The funds will be used to accelerate customer acquisition, enhance technology infrastructure, and expand into newer global corridors as international travel rebounds.

Fambo raises INR 21.55 crore in Series A to revolutionize India’s agrifood supply chain

Agritech startup Fambo has raised INR 21.55 crore in a Series A funding round led by AgriSURE Fund (NABVENTURES) with participation from EV2 Ventures. The company provides fresh and semi-processed food solutions to HoReCa and cloud-kitchen segments. This capital will be deployed to strengthen backward linkages with farmers, enhance cold-chain logistics, and expand its footprint in southern and western India, helping reduce food wastage and improve farm margins.

Blueleaf Energy receives $75 million from BII to scale India’s clean-energy infrastructure

UK’s development finance institution British International Investment (BII) has invested $75 million in Blueleaf Energy to accelerate renewable infrastructure development in India. The investment will fund the creation of over 2 GW of solar, wind and energy-storage projects, contributing to India’s clean-energy transition and emission reduction goals. Blueleaf plans to deploy these funds toward large-scale utility projects and long-term partnerships with local energy operators.

Lyzr AI raises $8 million Series A to strengthen its automation tools

AI firm Lyzr has raised approximately $8 million in a Series A round led by Rocketship.vc and other venture partners. The startup builds tools for automating data processing and AI-driven decision making for enterprises. The funding will support R&D in large-language model integration and faster deployment of its enterprise suite, as the company targets global expansion and B2B partnerships in North America and Southeast Asia.

Snabbit raises INR 265 crore Series C to accelerate growth of its quick-service platform

Quick-service app Snabbit has secured INR 265 crore in a Series C funding round from existing and new investors. The startup offers an instant service platform for quick deliveries and micro-transactions across urban centers. The latest funding will be used for technology enhancement, brand partnerships, and expanding to tier-2 cities, cementing its position in India’s fast-growing QSR tech space.

Lenskart raises INR 100 crore from SBI Mutual Fund ahead of IPO

Eyewear retailer Lenskart has raised INR 100 crore from SBI Mutual Fund as part of a pre-IPO funding round. The infusion strengthens the company’s balance sheet and positions it for public listing in the coming months. Lenskart plans to deploy the capital toward retail expansion, product innovation, and technology upgrades across its omnichannel ecosystem serving millions of customers nationwide.

Key Business News for 29th October 2025

boAt parent files for INR 1,500 crore IPO

Imagine Marketing, the parent company of boAt, has filed an updated DRHP with SEBI for an IPO worth INR 1,500 crore. The issue includes a fresh equity issue of INR 500 crore and an offer for sale of INR 1,000 crore by existing shareholders. Funds will be used for working capital, brand marketing, and general corporate purposes as the company looks to strengthen its market position after returning to profitability in FY25.

Amazon to cut 14,000 corporate jobs globally

Amazon plans to lay off around 14,000 corporate employees worldwide as part of a major restructuring to boost efficiency and focus on AI-driven operations. The move aims to streamline teams, reduce costs, and align resources with high-growth areas like artificial intelligence and cloud computing.

Daily Indian Funding Roundup & Key News – 28th October 2025

India’s startup scene stayed active on 28th October 2025, with fresh funding across fintech, AI, and edtech. Here’s your quick roundup for top funding deals and key business news in India on date.

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