Daily Indian Funding Roundup & Key News - 6 October 2026: Beyond Appliances Raises ₹110 Crore, Cabinet Clears ₹10,000 Crore SME Fund
Beyond Appliances raised INR 110 crore in a Series B round and six more startups closed rounds, as the Cabinet cleared an INR 10,000 crore SME fund and Swara Baby Products got its IPO nod.
Seven funding rounds were announced on 6 October 2026, in sectors ranging from kitchen appliances to AI software and healthtech. Fireside Ventures, Sauce and Merak Ventures were among the day's lead investors. The Union Cabinet also cleared an INR 10,000 crore fund for small and medium businesses.
Daily Indian Startup Funding Roundup - 6 October 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Beyond Appliances | Consumer Appliances | ₹110 Cr | Series B | Fireside Ventures |
| Lorazzo | Home Fittings | ₹15 Cr | Undisclosed | Sauce |
| CurvetAI | AI Software | ₹6 Cr | Pre-Seed | Merak Ventures |
| IndigoTex | Textile Tech | ₹5 Cr | Undisclosed | IAN Angel Fund |
| CureMeAbroad | Healthtech | $1.1 Mn | Pre-Seed | SteerX Ventures |
| ReFit Global | Refurbished Electronics | $1 Mn | Seed | UAE-Based Family Office |
| Kinetic Age | Healthtech | $250K | Undisclosed | AJVC, Agrasar Ventures |
Beyond Appliances Raises INR 110 Crore in Series B Round Led by Fireside Ventures
Beyond Appliances raised INR 110 crore in a Series B round led by Fireside Ventures, with Dharana Capital and others also taking part. The company will use the money for research and development and to set up a new manufacturing plant.
Founded in 2024 by Eshwar K Vikas and Rakesh Patil, Bengaluru-based Beyond Appliances makes smart kitchen appliances for Indian homes. Its range includes Android chimneys, plug-and-play chimneys, smart hobs and cooktops. The company has a presence in Delhi, Mumbai, Bengaluru and Hyderabad, and plans to enter 10 more cities in three years.
Lorazzo Raises INR 15 Crore in Round Led by Sauce
Lorazzo raised INR 15 crore in a funding round led by Sauce, with Sprout Venture Partners, Panthera Peak and Alteria Capital also investing. The brand will use the money to add products, build its team and strengthen its online and offline sales across more states.
Founded in 2024 by Jatin Luthra and Saurabh Gupta, Lorazzo is a design-led kitchen and bathroom brand. It sells faucets, sinks, shower systems and smart toilets through online stores, quick commerce and retail shops. The company says its revenue grew six times in the past 12 months.
CurvetAI Raises INR 6 Crore in Pre-Seed Round Led by Merak Ventures
CurvetAI raised INR 6 crore in a pre-seed round led by Merak Ventures, with angel investors also taking part. The startup will use the money to strengthen its engineering and build AI agents that can handle more complex tasks.
Founded in December 2025 by Vivek Dubey and Utkarsh Gupta, Pune-based CurvetAI runs a workspace that gives users several AI models in one place. Users can work with text, images, audio and video, and compare results across models. The startup has more than 1 lakh monthly users, with India and the US as its biggest markets.
IndigoTex Raises INR 5 Crore in Round Led by IAN Angel Fund
IndigoTex raised INR 5 crore in a round led by IAN Angel Fund, with SIDBI, FITT and IIT Delhi Angels also taking part. The startup will use the money to set up manufacturing, grow its sales and operations teams and bring its textile products to market.
Founded in 2024 by Satendra Singh, Prof. B.S. Butola and Dilip Singh, IndigoTex develops a waterless method for finishing wool. Its products include IndiWool Denim, which blends wool with denim, and ECOTEX Wool, which makes wool washable. The company carries out research at IIT Delhi's research park and runs a factory in Sonipat, Haryana.
CureMeAbroad Raises $1.1 Million in Pre-Seed Round Led by SteerX Ventures
CureMeAbroad raised $1.1 million in a pre-seed round led by SteerX Ventures, with existing investor AIRA also joining. The startup will use the money to add hospitals, enter new patient markets, improve its AI technology and expand into orthopaedics and cancer care.
Founded in June 2025 by Aditya Oza and Mikhail Bohra, Pune-based CureMeAbroad helps patients find, check and book treatment at hospitals abroad. Its network covers more than 400 accredited hospitals in six countries. Its main patient markets are the US, the UK, Australia and Canada.
ReFit Global Raises $1 Million in Seed Round From UAE Family Office
ReFit Global raised $1 million in a seed round from a UAE-based family office. The money will fund more stores, better refurbishment, technology and a single online and offline sales platform.
Founded in 2018 by Saket Saurav and Avneet Singh, Delhi-based ReFit Global sells refurbished electronics. It reaches more than 50,000 retail outlets through its distribution network and runs 12 ReFit Xpress stores. The company also sources and sells devices through Flipkart and Amazon.
Kinetic Age Raises $250,000 From AJVC and Agrasar Ventures
Kinetic Age raised $250,000 from AJVC and Agrasar Ventures. The startup will use the money to expand its healthcare services and reach more customers.
Founded by Akshat Saxena and Amogh Saxena, Bengaluru-based Kinetic Age offers joined-up healthcare for adults aged 40 and above. Its subscription plans combine doctor consultations, physiotherapy, nutrition and diagnostics. The startup has served more than 600 patients and has an annual revenue run rate of INR 2.5 crore.
Muskaan Kapoor
Key Business News for 6 October 2026
Cabinet Clears INR 10,000 Crore SME Growth Fund
The Union Cabinet has approved the INR 10,000 crore SME Growth Fund to provide growth capital to small and medium businesses. The government will invest through private investment funds, which will then back eligible SMEs.
Most of the money will go to manufacturing SMEs, with the rest spread across services, technology and industrial clusters in smaller cities. The fund was first announced in the Union Budget 2026-27. India has more than 7.47 crore MSMEs, which together contribute 31.1% of GDP.
FirstCry-Backed Swara Baby Products Gets SEBI Nod for INR 1,000 Crore IPO
Swara Baby Products has received SEBI approval for its INR 1,000 crore IPO. The issue includes a fresh issue of INR 500 crore and an INR 500 crore offer for sale. FirstCry parent Brainbees Solutions will sell INR 300 crore of shares in the offer.
Swara makes baby diapers, adult diapers and sanitary napkins, including the Cuddles and Shield brands. It will use INR 198.2 crore from the IPO to build a new plant in Madhya Pradesh. Its operating revenue rose 23% to INR 1,163.9 crore in FY26, while profit grew 18% to INR 95.58 crore.
Mamaearth Parent Honasa Shares Jump 8% on Strong Q2 Outlook
Honasa Consumer shares rose as much as 8.2% to INR 478.20 on the BSE on 6 October. The Mamaearth parent had shared a strong outlook for Q2 FY27. The company expects its net sales to grow in the low thirties per cent year on year.
Honasa expects its younger brands, including The Derma Co and Aqualogica, to grow in the mid-forties per cent. Mamaearth's sales are expected to grow in the high teens. The company's market value stood at about INR 15,368 crore.
Reliance Gets Delhi High Court Relief Over Campa 'Energy Drink' Labelling
The Delhi High Court has granted interim relief to Reliance Industries, allowing it to keep marketing Campa products as energy drinks for now. The case will next be heard on 5 November 2026.
FSSAI had told makers of caffeinated drinks on 30 June 2026 to stop using the term 'energy drink' on packs. Reliance argued it was not notified before the order and said it held 288 million finished units with the label. Red Bull has also won a court order letting it keep using the term.
