Daily Indian Funding Roundup & Key News – 8th December 2025: Frex, Conscious Chemist, Lumov, Koriken Raise Early-Stage Capital; Ola Electric Begins 4680 Bharat Cell Deliveries
The Indian startup ecosystem recorded a dynamic day of early-stage activity on 8th December 2025, with fresh capital flowing into fintech, D2C beauty, med-tech, and the fast-growing Korean QSR segment. Frex, Conscious Chemist, Lumov, and Koriken led the fundraising highlights, securing strategic investments to strengthen product innovation, expand operations, and fuel category growth. Alongside funding updates, key business news came from Ola Electric, which started deliveries of its new EVs powered by the indigenously built 4680 Bharat Cell—marking a major milestone for India’s EV manufacturing ambitions. Here’s a detailed breakdown of all funding rounds and developments from the day.
Daily Indian Startup Funding Roundup - 8th December 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Frex | INR 9.5 Cr | Pre-seed | Zeropearl VC; White Venture Capital | Peer-to-peer international payments / Fintech |
| Conscious Chemist | INR 15 Cr | Bridge round | Atomic Capital; First Port Capital Fund B; IPV International | D2C skincare / Beauty & personal care |
| Lumov | INR 10 Cr | Seed round | Incubate Fund Asia; QRG Investments & Holdings; IIMA Ventures; SIDBI; Several angel investors | Orthopedic recovery & rehabilitation products / Med-tech |
| Koriken | INR 4 Cr | Seed round | Rukam Capital | Quick-service Restaurants (Korean QSR) / Food & Beverage |
Frex launches peer-to-peer payments platform to simplify cross-border money transfers
Fintech startup Frex has raised INR 9.5 crore in a pre-seed round co-led by Zeropearl VC and White Venture Capital. The company aims to simplify global money transfers for immigrants by offering low-cost, near-instant cross-border payments built on modern blockchain and banking infrastructure. The fresh capital will support expansion of on- and off-ramp systems across India and North America, strengthening compliance frameworks, scaling engineering systems, and accelerating customer acquisition among NRI and migrant communities.
Conscious Chemist raises bridge round to fuel skincare innovation and expansion
D2C skincare brand Conscious Chemist has secured INR 15 crore in a bridge round led by Atomic Capital, with participation from First Port Capital Fund B and IPV International. The company plans to use the funds to enhance leadership hiring, scale inventory and marketing operations, and accelerate R&D. With this round, Conscious Chemist aims to expand its product portfolio, including new categories like scalp and hair care, while strengthening its active-ingredient-driven skincare range.
Lumov launches orthopedic-rehab products startup to address post-surgical recovery needs
Med-tech startup Lumov has raised INR 10 crore in a seed funding round led by Incubate Fund Asia, along with QRG Investments & Holdings, IIMA Ventures, SIDBI and several angel investors. The company designs and manufactures orthopedic recovery and rehabilitation products — including braces and orthoses — tailored for post-surgical care, pain management, and long-term mobility support, with clinical input from leading hospital networks. The new funding will help Lumov expand geographically into Delhi NCR, Hyderabad and Mumbai, scale up manufacturing and sales operations, deepen partnerships with orthopedic surgeons, and accelerate development of next-generation rehab products.
Koriken raises seed funding to scale Korean-cuisine QSR chain across India
Korean-food startup Koriken has raised INR 4 crore in a seed round from Rukam Capital. The funding will help the company expand its network of flagship and high-street outlets, strengthen kitchen and delivery operations for speed and consistency, enhance brand visibility, and grow its team. Koriken aims to bring authentic Korean flavours — such as Korean fried chicken, ramen, mandu and more — to a wider Indian audience via a modern quick-service restaurant format, tapping into rising demand for global cuisines among India’s younger consumers.
Key Business News for 8th December 2025
Ola Electric starts deliveries of its new 4680 Bharat Cell EVs
Ola Electric has begun mass deliveries of its new scooters powered by its indigenously developed 4680 Bharat Cell battery pack, starting with the S1 Pro+ (5.2 kWh). This is a significant milestone for India’s EV industry — with dual-ABS, disc brakes on both wheels, multiple riding modes (Hyper, Sports, Normal, Eco), a 13 kW motor delivering 0–40 km/h in 2.1 s, and a claimed IDC range of 320 km (DIY mode). Ola Electric claims this makes it the first Indian EV maker to completely own both cell and battery-pack manufacturing in-house, marking a big step toward “Made in India” EV autonomy.
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