Daily Indian Startup Funding Roundup and Key News - 24 March 2026: Euler Motors Raises ₹437 Cr, Swish Bags ₹315 Cr, Swiggy Hikes Platform Fee
Startup funding activity stayed strong on 24 March 2026, with deals across EV mobility, quick commerce, deeptech, climate fintech, and consumer-focused platforms. The day was led by Euler Motors’ $47 million (₹437 crore) Series E round, followed by Swish’s $38 million raise, highlighting continued investor interest in mobility and fast-delivery models.
Early-stage activity also remained steady, with startups in clean energy, fintech, and niche consumer segments attracting capital. Overall, the trend reflects a balanced funding environment, with both large growth-stage bets and early-stage deals continuing to gain traction.
Daily Indian Startup Funding Digest for 24 March 2026
| STARTUP | SECTOR | FUNDING | ROUND | LEAD INVESTORS |
|---|---|---|---|---|
| Euler Motors | EV / Mobility | $47 Mn (~₹437 Cr) | Series E | Lightrock |
| Swish | Foodtech / Quick Commerce | $38 Mn (~₹315 Cr) | Series B | Hara Global, Bain Capital Ventures |
| Pranos | Deeptech / Energy (Fusion) | $6.8 Mn (~₹56 Cr) | Seed | pi Ventures, Ankur Capital |
| Ozi | Quick Commerce / Kids | $6.2 Mn (~₹51 Cr) | Seed | RTP Global |
| Metafin | Climate Fintech / Solar Financing | $10 Mn (~₹83 Cr) | Debt | Lendable |
| Kidbea | Kids / D2C Apparel | ₹30 Cr | Series A | Enrission India Capital |
| RN Kids | Healthtech / Pediatric Care | ₹7.1 Cr (~$760K) | Pre-Seed | Ashish Kacholia & Angels |
Euler Motors Raises $47 Mn Series E Led by Lightrock
Euler Motors, a commercial electric vehicle startup, raised $47 million (₹437.5 crore) in a Series E round led by Lightrock, with participation from Hero MotoCorp and Blume Ventures.
The company builds electric commercial vehicles focused on last-mile logistics and cargo transport, catering to e-commerce and delivery businesses.
In addition to equity funding, Euler Motors also secured ₹250 crore in debt financing from lenders including BlackSoil, Trifecta, InnoVen, and Alteria Capital.
Swish Raises $38 Mn Series B Led by Hara Global, Bain Capital Ventures
Swish, a 10-minute food delivery startup, raised $38 million in a Series B round led by Hara Global and Bain Capital Ventures, with participation from Accel and venture debt from Alteria Capital and Stride Ventures.
The company operates a vertically integrated model with its own kitchens, supply chain, and delivery network, enabling ultra-fast food delivery in urban areas.
The funds will be used to expand into new cities, invest in kitchen automation, and strengthen its supply chain and team. The deal is significant as it shows continued investor belief in quick food delivery, even as larger players have struggled with the model.
Pranos Raises $6.8 Mn to Build Fusion Reactor Technology
Deeptech startup Pranos raised $6.8 million in a funding round co-led by pi Ventures and Ankur Capital, with participation from Industrial47 and angel investors.
The company is developing nuclear fusion technology aimed at creating clean and sustainable energy solutions.
The capital will be used to accelerate research and development and move closer to commercialising fusion technology. This deal stands out as a rare deeptech investment, reflecting long-term bets on breakthrough energy innovation.
Ozi Raises $6.2 Mn Led by RTP Global
Kids-focused quick commerce platform Ozi raised $6.2 million in a funding round led by RTP Global.
The startup focuses on delivering products tailored for children through a quick-commerce model. The funds will be used to expand operations, strengthen logistics, and scale its platform.
The deal highlights the emergence of niche quick-commerce models targeting specific consumer segments beyond groceries.
Kidbea Secures ₹30 Cr Series A Funding
Kidbea, a kids-focused apparel brand, raised ₹30 crore in a Series A round led by Enrission India Capital.
The company focuses on sustainable and comfortable clothing for children. The funds will be used for product expansion, brand building, and scaling distribution channels.
This investment reflects continued traction in India’s D2C kidswear segment, especially brands focusing on sustainability.
Metafin Secures $10 Mn Debt from Lendable
Solar financing platform Metafin raised $10 million in debt funding from Lendable.
The company enables access to solar energy solutions through financing models, targeting underserved and rural segments.
The capital will be used to expand its lending portfolio and scale solar adoption. This deal highlights growing investor interest in climate fintech and clean energy financing solutions.
RN Kids Raises ₹7.1 Cr Pre-Seed Round Backed by Ashish Kacholia & Angel Investors
RN Kids, a pediatric wellness startup, has raised ₹7.1 crore (around $760K) in a pre-seed funding round.
The round saw participation from Ashish Kacholia and Lashit Sanghvi, along with angel investors including Mohit Sadaani, Hitesh Dhingra, Ajay Mehra, and Samir Palod, as well as select family offices.
The startup focuses on child healthcare and wellness solutions, aiming to improve access to quality pediatric care. The funds will be used to support early-stage growth, expand services, and strengthen its platform.
This deal highlights rising investor interest in specialised pediatric healthcare, an emerging segment within India’s broader healthtech ecosystem.
Key Business News for 24 March 2026
Swiggy Raises Platform Fee to ₹17.58 After Zomato Hike
Food delivery platform Swiggy has increased its platform fee to ₹17.58 per order, up from around ₹14.99, following a similar move by Zomato.
The hike reflects rising operational costs and a broader push towards improving profitability in the food delivery space. However, the move has also triggered user backlash, with many consumers questioning rising delivery costs.
This signals a clear shift in the industry, where platforms are prioritising sustainable margins over aggressive discounting.
Meesho Launches GenAI Voice Shopping Assistant ‘Vaani’
E-commerce platform Meesho has launched ‘Vaani’, a GenAI-powered voice shopping assistant aimed at expanding access for users across India.
The feature is designed to enable voice-based shopping, particularly targeting users who are more comfortable with regional languages or non-text interfaces. Meesho aims to tap into an estimated 500 million potential users with this move.
This highlights the growing role of AI in simplifying e-commerce and expanding digital adoption beyond metro users.
Goldman Sachs Cuts India Growth Forecast to 5.9%, Flags Rate Risks
Goldman Sachs has revised India’s GDP growth forecast to 5.9%, citing risks from potential interest rate hikes and global economic pressures.
The downgrade reflects concerns around tighter financial conditions and slowing global demand, which could impact economic momentum.
This development is significant for startups and investors, as macroeconomic signals often influence funding sentiment, valuations, and capital flow in the ecosystem.
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