Daily Indian Funding Roundup – May 30, 2025
India's startup and infrastructure sectors witnessed significant funding activities today, with notable investments in quick commerce, renewable energy, private credit, and AI security.
☀️ SAEL Secures $132 Million for Solar Project
SAEL Solar MHP1 Pvt. Ltd., a subsidiary of SAEL Industries, has obtained $132 million in debt financing for a 300 MW solar power project in Andhra Pradesh. The funding comes from the Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale, each contributing $44 million. This project aligns with India's renewable energy goals and SAEL's commitment to sustainable infrastructure.
🏗️ Shapoorji Pallonji Group's Landmark $3.5 Billion Deal
In a record-setting move, the Shapoorji Pallonji (SP) Group has raised ₹298 billion ($3.5 billion) through a zero-coupon bond, marking India's largest private credit transaction to date. The bond, offering a 19.75% yield, attracted investments from global entities including BlackRock, Pimco, Ares Management, Farallon Capital Management, Davidson Kempner, and Deutsche Bank. The deal includes multiple layers of investor protection, such as partial repayments upon asset sales, a full guarantee from SP's real estate arm, and a pledge of 9% in Tata Sons.
🔐 Unbound Raises $4 Million for AI Security
AI security startup Unbound has secured $4 million in an oversubscribed seed funding round led by Race Capital. Other participants include Wayfinder Ventures, Y Combinator, Massive Tech Ventures, and angel investors like Alpha Square Group and Northside Ventures. Unbound specialises in enterprise AI security, offering solutions that provide visibility into AI usage, enforce internal policies, and prevent data leaks.
🍼 Quick Commerce Ventures into Baby Care
The quick commerce sector is expanding beyond groceries and fashion into baby care. Bengaluru-based startup Cavi, which promises delivery of baby essentials within 30 minutes, is in advanced discussions to raise $3–4 million from Stellaris Venture Partners. Similarly, Ozi, another player in the baby care quick commerce space, is reportedly securing $4–5 million from Blume Ventures.
Today's funding activities highlight the dynamic nature of India's economic landscape, with significant investments spanning from innovative quick commerce solutions to large-scale infrastructure projects and tech startups.
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