Daily Indian Funding Roundup & Key News – 31st October 2025: Snapmint Raises $125 Mn, Pluro Fertility Secures INR 125 Cr, PhysicsWallah IPO Plans & More

India’s startup ecosystem wrapped up October with major funding and IPO action. Fintech major Snapmint led the day with a $125 Mn Series B, followed by Pluro Fertility, Goyaz, and Jupiter securing growth capital. Meanwhile, PhysicsWallah announced plans for a INR 3,820 Cr IPO, and Lenskart raised INR 3,268 Cr from anchor investors ahead of its listing.

Daily Indian Funding Roundup - 31st October 2025

Snapmint launches Series B to scale EMI-on-UPI offering

BNPL startup Snapmint has raised US$ 125 million in its Series B round, led by General Atlantic, with participation from Prudent Investment Managers, Kae Capital, and Elev8 Venture Partners. The proceeds will enable Snapmint to expand its EMI-on-UPI product and grow its merchant network across India.

Pluro Fertility raises funding to expand fertility-clinic network

Fertility-tech company Pluro Fertility & IVF has raised INR 125 crore in a Series A round led by Bessemer Venture Partners, valuing the company at INR 1,000 crore. The funds will be used to scale operations across multiple cities, partner with independent IVF specialists, and strengthen the platform’s tech and clinical capabilities.

Jupiter secures capital from existing backers to push towards profitability

Neobank Jupiter has raised INR 115 crore in a funding round from its existing investors including Mirae Asset Venture Investments, BEENEXT, and 3one4 Capital, with the founder Jitendra Gupta also participating personally. The financing is targeted at supporting the business toward operational breakeven and expanding its integrated money-management platform.

Goyaz raises Series A to fuel retail and design expansion

Gold-plated silver jewellery brand Goyaz has raised INR 130 crore in its Series A funding led by Norwest Venture Partners. The funds will help the brand expand its retail footprint across key Indian cities, strengthen its design and manufacturing capabilities, and enhance its omnichannel experience.

Mad Over Buildings (MOB) raises seed round to build B2B construction-tech marketplace

Fintech-enabled B2B e-commerce platform Mad Over Buildings (MOB) has raised INR 6 crore in a seed funding round led by SIG Tattva. MOB intends to use the capital for building distribution networks, accelerating market penetration, and scaling its curated line-of-credit and escrow-backed marketplace for construction and interior materials.

Key Business News for 31st October 2025

PhysicsWallah plans major IPO ahead of public listing

Ed-tech company PhysicsWallah is gearing up to raise INR 3,820 crore via its initial public offering, backed by investors such as WestBridge Capital and Hornbill Capital Partners. The offering will include a fresh issue of shares as well as an offer-for-sale by founders, and is expected to launch in the coming weeks.

Lenskart secures large anchor book ahead of its IPO

Omnichannel eyewear retailer Lenskart has raised INR 3,268 crore from 147 anchor investors ahead of its IPO, with the allocation made at ~INR 402 per share. The anchor portion saw strong participation from both domestic mutual funds and global institutional investors, signalling significant market interest ahead of the public issue.

Daily Indian Funding Roundup & Key News – 30th October 2025

India’s startup ecosystem witnessed another dynamic day filled with major funding announcements, tech partnerships, and strategic rebrands. From mobility and fintech to biotech and AI, several startups secured significant capital to scale innovation and expand market reach.

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