Daily Indian Funding Roundup & Key News – 3 July 2025: Meesho Files for IPO, GobbleCube Raises $3.5 Mn & More

On 3rd July 2025, multiple early-stage startups announced fresh funding, marking strong momentum in pre-Series A and seed rounds. Here's a breakdown of today’s top funding deals and key business news in India.

GobbleCube raises $3.5 million in Pre‑Series A

GobbleCube, founded in 2022 by Manas Gupta, Srikumar Nair and Nitesh Jindal, is an AI‑powered "growth copilot" for consumer brands. It has raised $3.5 million in a Pre‑Series A, led by Info Edge Ventures, with continued support from Kae Capital. The company has already achieved $2 million ARR in just nine months, serving over 200 brands including Reckitt, Tata Consumer, Nivea & Johnson & Johnson. The funds will go towards enhancing AI capabilities and accelerating global expansion.

Luma Fertility secures $4 million seed round

Luma Fertility, a Mumbai‑based femtech provider founded by Neha K. Motwani (founder of Fitternity), has raised $4 million in a seed round led by Peak XV’s Surge, with participation from Ameera Shah (Metropolis Healthcare) and Vijay Taparia (B2V Ventures). Luma offers IVF, egg & embryo freezing, fertility assessments and more, using AI-powered tools. The capital will help Luma to expand in Mumbai followed by expansion in other cities.

FES Café raises INR 3 crore in seed funding

FES Café, a dessert-led, eggless café chain founded by Vidur Mayor, has secured INR 3 crore in a seed round, led by Aakash Anand (Bella Vita Organic) and Wolfpack Labs. The Gurugram-based chain aims to launch in Delhi this July and expand to 100+ locations by FY 2027.

Maieutic Semiconductor raises $4.15 million in seed round

Bengaluru-based deep‑tech startup founded by Gireesh Rajendran, Ashish Lachhwani, Rakesh Kumar and Krishna Sankar, Maieutic Semiconductor has raised $4.15 million in seed funding, co-led by Endiya Partners and Exfinity Venture Partners. The round will strengthen their development of a generative‑AI copilot for analogue chip design, accelerate time-to-market, expand engineering headcount and enhance platform capabilities.

FitFeast raises INR 5.5 crore in seed funding

Gurugram-based protein-focused brand founded by Aditya Poddar, FitFeast, has secured INR 5.5 crore ($642K) in a seed round led by Inflection Point Ventures, with backing from cricketers Shane Watson and Axar Patel, and other investors including Raghav Singhal and Santosh Govindaraju. The funds will support the expansion of D2C operations, digital marketing and new product development.

Key News Highlights for 3 July 2025

Meesho confidentially files DRHP to raise $500 million(INR 4,250 crore)

Bengaluru-based e‑commerce unicorn Meesho has confidentially submitted its Draft Red Herring Prospectus (DRHP) to SEBI, seeking to raise INR 4,250 crore (approximately $497–500 million) via a primary share issue. The company, backed by Prosus, Elevation Capital, WestBridge, SoftBank, and Peak XV, aims to list by September-October 2025.

MobiKwik secures SEBI nod to operate as stockbroker

Payment‑wallet firm MobiKwik (One MobiKwik Systems Ltd.) has received SEBI approval for its subsidiary MobiKwik Securities Broking Pvt Ltd, allowing it to function as a registered stockbroker and clearing member for equity trades. The registration was granted on 1 July 2025, and MobiKwik’s shares rose ~2.5% on NSE after the announcement.

Banga family to sell 2.1% stake in Nykaa (INR 1,200 crore / $150 million)

Early Nykaa backers Harindarpal and Indra Banga plan a block deal to offload 2.1% of shares, amounting to roughly 60 million shares, at INR 200 per share (a 5–5.5% discount). The deal is valued at approximately INR 1,200 crore ($150 million).

WEH Ventures exits Smallcase, returns entire 2017 Fund I

VC firm WEH Ventures has fully exited its investment in fintech platform Smallcase, recouping INR 20 crore from its first fund and delivering an impressive 38% IRR. This marks a full return of capital and highlights a strong outcome from its early-stage investment strategy.

Microsoft to slash 9,000 jobs (4% of workforce) amid AI pivot

US tech giant Microsoft is set to reduce its global staff by approximately 9,000 roles, representing under 4% of its 228,000-strong workforce. These cuts span sales, engineering, Xbox and other divisions as the company streamlines management and reinforces its artificial intelligence strategy. Senior sales management is being replaced with more technical “solutions engineers”. Despite the layoffs, Q4 revenue reached $70 billion, with net income near $26 billion, driven by strong Azure cloud performance.

Daily Indian Funding Roundup & Key News – 2 July 2025

Here’s a roundup of 2nd July’s top startup updates- CIMware raises $2.3M, IORA bags INR 8.5 Cr, Swiggy shuts Minis, Meesho open-sources AI tools & more.

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