Daily Indian Startup Funding Roundup & Key News - 1 April 2026: NowPurchase Bags ₹80 Cr, BeastLife Raises ₹20 Cr, EV Registrations Hit Record High
From deeptech and spacetech to D2C nutrition and B2B marketplaces, Indian startups saw steady funding activity today. The day was led by NowPurchase’s INR 80 crore raise and BeastLife’s INR 20 crore round, highlighting momentum in industrial supply chains and consumer wellness. Aerospace and fintech startups also secured early-stage backing. Meanwhile, Rediff’s IPO plans and NODWIN Gaming’s leadership move ahead of listing stood out in key business developments.
Daily Indian Startup Funding Digest - 1 April 2026
| STARTUP | SECTOR | FUNDING | ROUND | LEAD INVESTORS |
|---|---|---|---|---|
| NowPurchase | Manufacturing / Enterprise Tech | ₹80 Cr (~$8.5 Mn) | Growth | Bajaj Finserv |
| CredResolve | Fintech / Debt Collections | Undisclosed | Pre-Series A | Merak Ventures |
| BeastLife | D2C / Sports Nutrition | ₹20 Cr (~$2.1 Mn) | Pre-Series A | GVFL, Equentis |
| Xovian Aerospace | Spacetech / Deep Tech | $2 Mn (~₹18.7 Cr) | Growth | Ashish Kacholia |
| InterCosmos | Spacetech / Propulsion | Undisclosed | Early-Stage | IAN Angel Fund |
NowPurchase Raises ₹80 Cr Growth Round
NowPurchase, a manufacturing raw materials marketplace founded in 2017 by Naman Shah and Aakash Shah, has secured ₹80 crore (about $8.5 million) in a funding round led by Bajaj Finserv, with participation from existing backers InfoEdge Ventures, Orios Venture Partners, Real Ispat Group, and individual investors including S Four Capital partner Shikhar Raj and Lloyds Group director Madhur Gupta.
The fresh capital will be used to strengthen core offerings like scrap recycling, expand its branded products portfolio, and scale MetalCloud. The company plans expansion into Tamil Nadu, where it will set up a new scrap processing centre and end-to-end marketplace operations.
CredResolve Raises Pre-Series A Round
AI-powered debt collections infrastructure company, CredResolve, has raised a Pre-Series A round led by Merak Ventures, with participation from existing investors Unleash Capital Partners and CDM Capital. The company manages over $6 billion monthly in assets across 40-plus lenders and 10 Indian states.
The capital will be used to expand operations from 10 states to 15, scale its multilingual AI and voice capabilities, and build a self-serve platform for lenders to reduce onboarding friction. The raise is particularly significant given that over ₹5 lakh crore in stressed assets remains locked with fragmented, low-technology collection agencies across India.
BeastLife Raises ₹20 Cr Pre-Series A
D2C sports nutrition brand BeastLife has raised ₹20 crore in a Pre-Series A round at a valuation of ₹320 crore, with GVFL and Equentis as investors. The Gurugram-based startup was co-founded in 2024 by Gaurav Taneja and Raj Vikram Gupta and offers products including protein supplements, creatine, mass gainers, and multivitamins.
The company previously secured ₹1.9 crore at a valuation of ₹120 crore from Indian cricketer Rinku Singh in April last year, along with a $479K angel round. It reported a turnover of ₹36 crore in FY25, which grew to around ₹100 crore in FY26, and aims to reach ₹500 crore in revenue over the next three years.
The fresh funds will support scaling operations, strengthening the team, and expanding presence across online and offline channels. The company also plans a calibrated offline expansion, experimenting with different retail formats to build an omnichannel presence. BeastLife competes with established players such as MuscleBlaze, Optimum Nutrition, and GNC.
Xovian Aerospace Raises $2 Mn
Bengaluru-based spacetech startup Xovian Aerospace has secured $2 million (about ₹18.7 crore) in a fresh funding round led by ace investor Ashish Kacholia, with participation from existing backer Inflection Point Ventures. The company is preparing to launch its first AI-native radio frequency (RF) satellite.
The capital will be deployed for satellite development, strengthening core engineering and AI teams, and forging commercial partnerships. Prior to this round, the startup raised $2.5 million from Piper Serica, Turbostart, IPV, and Eaglewings Ventures in August last year. The Indian spacetech market is expected to reach $77 billion by 2030.
InterCosmos Raises Early-Stage Funding
Chennai-based next-generation in-space transportation company, InterCosmos, has received early-stage investment from IAN Angel Fund, the evergreen fund of IAN Group. The company is developing HyperX, a non-toxic hypergolic propulsion system designed to offer the same reliability as traditional propulsion systems while significantly improving safety and efficiency.
The investment will be used to develop HyperX's first in-flight demonstration and augment research and engineering capabilities. InterCosmos also has a longer-term vision to expand into broader in-space transportation infrastructure, including mobility platforms, re-entry vehicles, and interplanetary systems.
Key Business News for 1 April 2026
EV Two-Wheeler Registrations Hit Record 1.78 Lakh Units in March
India’s EV two-wheeler registrations reached a record 1.78 lakh units in March 2026, marking a sharp 60% month-on-month rise. TVS Motor led with 46,859 units, followed by Bajaj Auto and Ather Energy. Ola Electric also rebounded, doubling sales, though its market valuation remains under pressure.
Rediff Files Confidential IPO Papers, Targets ₹600-800 Crore
Rediff has filed confidential IPO papers to raise ₹600-800 crore. The company is transitioning into an AI-led platform under AvenuesAI and plans to invest in product development and digital payments, including launching RediffPay with UPI integration. Founded in 1996, Rediff was among India’s earliest internet firms and was previously listed on NASDAQ.
NODWIN Gaming Brings Back Sidharth Kedia Ahead of IPO
NODWIN Gaming has appointed Sidharth Kedia as Chief Strategy and Investments Officer as it prepares for an IPO. Kedia, a former CEO, will lead fundraising and strategic initiatives. The company is planning a $100 million pre-IPO round and expects around ₹700 crore in revenue, with operations across 20+ countries.
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