Daily Indian Startup Funding Roundup & Key News - 10 March 2026: Mozark Raises $40M, Captain Fresh Secures ₹290 Cr, & More
India’s startup ecosystem witnessed strong investment activity across enterprise tech, agritech, climate tech, fintech, and healthtech on 10 March 2026. Major funding deals included Mozark’s $40 million Series B round, Captain Fresh raising ₹290 crore from Blue Earth Capital, and new capital flowing into food brands, climate solutions, and AI platforms. Meanwhile, the day’s key business updates included TruHome Finance filing for a ₹3,000 crore IPO, a ₹645 crore fraud settlement involving IDFC First Bank, and LPG shortages impacting restaurants in Mumbai.
Daily Indian Startup Funding Roundup - 10 March 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Mozark | Digital Experience / Enterprise Tech | $40 Million | Series B | IFC, RMB Capitalworks |
| Captain Fresh | B2B Seafood Supply Chain | ₹290 Crore (~€27M) | Sustainability-linked financing | Blue Earth Capital |
| AquaExchange | Aquaculture / Agritech | $8 Million | Series B | Aquaculture-focused investors |
| Newtrace | Climate Tech / Green Hydrogen | $6.3 Million | Venture Round | Strategic investors |
| Skye Air | Drone Logistics | $9 Million | Venture Round | Strategic investors |
| Verdant Impact | Climate / Carbon Solutions | $3 Million | Seed | Unicorn India Ventures |
| CoreworksAI | AI / Developer Tools | $5 Million | Seed | Together Fund |
| Basil Health | Healthtech | $1.5 Million | Pre-Series A | Early-stage investors |
| Zoff Foods | D2C FMCG / Spices | $2 Million | Pre-Series B | JM Financial PE |
Mozark Raises $40 Million Series B Led by IFC and RMB Capitalworks
Digital experience testing and measurement platform Mozark raised $40 million in a Series B round led by International Finance Corporation (IFC) and RMB Capitalworks, with participation from existing investor Kalaari Capital.
Mozark’s platform helps enterprises test real-world digital experiences across devices, networks, and locations, enabling companies to detect performance issues across applications and infrastructure. The funding will help expand global operations and strengthen its AI-driven testing infrastructure.
Captain Fresh Raises ₹290 Crore from Blue Earth Capital
Bengaluru-based seafood supply chain startup Captain Fresh secured ₹290 crore (around €27 million) in sustainability-linked financing from Blue Earth Capital, a Switzerland-based impact investor.
The funding will support the company’s efforts to scale its global seafood sourcing and distribution network, strengthen technology infrastructure, and expand into new international markets.
AquaExchange Raises $8 Million in Series B Funding
Aquaculture technology startup AquaExchange raised $8 million in a Series B funding round to expand its digital infrastructure for shrimp and fish farmers.
The startup offers AI-driven farm management, traceability tools, and marketplace solutions designed to improve productivity and sustainability across aquaculture supply chains.
Newtrace Raises $6.3 Million to Commercialise Green Hydrogen Technology
Climate tech startup Newtrace secured $6.3 million in funding to accelerate the commercialisation of its green hydrogen electrolyser technology.
The company focuses on building efficient and affordable hydrogen production systems aimed at supporting India’s clean energy transition.
Skye Air Raises $9 Million to Scale Drone Delivery
Drone logistics startup Skye Air raised $9 million to expand its autonomous drone delivery network across India.
The funding will support technology development, regulatory expansion, and partnerships with ecommerce and logistics companies seeking faster last-mile delivery solutions.
Verdant Impact Raises $3 Million Seed Round
Climate solutions startup Verdant Impact raised $3 million in a seed funding round led by Unicorn India Ventures.
The company focuses on carbon markets, sustainability consulting, and climate data platforms, helping businesses measure and manage their environmental impact.
CoreworksAI Raises $5 Million Seed Round Led by Together Fund
AI infrastructure startup CoreworksAI raised $5 million in a seed round led by Together Fund.
The startup is building AI developer tools and infrastructure designed to support enterprise adoption of generative AI technologies.
Basil Health Raises $1.5 Million Pre-Series A
Healthtech startup Basil Health raised $1.5 million in a Pre-Series A round to scale its digital health services and patient management platform.
Zoff Foods Raises $2 Million from JM Financial Private Equity
D2C spice brand Zoff Foods raised $2 million in a Pre-Series B funding round from JM Financial Private Equity, marking the investor’s second investment in the company.
The capital will be used to expand offline distribution, strengthen ecommerce operations, and grow omnichannel presence across India’s packaged spices market.
Key Business News for 10 March 2026
TruHome Finance Files DRHP for ₹3,000 Crore IPO
Housing finance company TruHome Finance, backed by Warburg Pincus, has filed its DRHP with SEBI for a ₹3,000 crore IPO, aiming to expand lending operations and strengthen capital reserves.
IDFC First Bank Settles Chandigarh Fraud Claims for ₹645 Crore
IDFC First Bank announced it has settled claims related to a ₹645 crore fraud case in Chandigarh, stating that deposits remain stable and no further discrepancies were found following the settlement.
LPG Shortage Forces Closure of Mumbai Restaurants
Around 20% of Mumbai eateries have reportedly shut operations temporarily due to an LPG supply shortage, with industry bodies warning that prolonged disruptions could affect the city’s food service sector.
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