Funding Fever: Top Startup Deals That Made Waves This Week (Mar 29–Apr 4) Diverse Sectors See Fresh Capital Inflows
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India's startup ecosystem continued to witness steady investor confidence this past week, with funding activity spanning sectors like fintech, solar energy, fashion, and regional snacking. From AI-led healthcare claims to traditional storytelling platforms, here's a look at the most notable deals between March 29 and April 4.
1). Scapia: USD 40 Million
Investors: Peak XV Partners, Elevation Capital, Z47, 3State Ventures
Founded in 2022 by Anil Goteti and based in Bengaluru, Scapia is a fintech startup blending travel and finance through its co-branded, zero-forex markup credit card and travel booking app. It offers users generous rewards on everyday spending and exclusive travel perks.
2). Infinity Fincorp Solutions: USD 40 Million
Investors: Beams Fintech Fund, True North LLP, Jungle Ventures, Archerman Capital
Infinity Fincorp Solutions (IFS), founded in 2016 by Shrikant Ravalkar and based in Mumbai, is a non-banking financial company that offers property loans to self-employed individuals and small businesses in Tier III and Tier IV cities.
3). Tonbo Imaging: USD 21 Million
Investors: Florintree Advisors, Tenacity Ventures, Export-Import Bank of India
Tonbo Imaging, founded in 2008 by Arvind Lakshmikumar, Ankit Kumar, Cecilia D'Souza, and Sudeep George, is a Bengaluru-based startup developing AI-powered imaging and sensor systems for defense and commercial applications.
4). Pratilipi: USD 20 Million
Investors: Jungle Ventures, Qiming Venture Partners, Shunwei Capital, Two Angels
Founded in 2015 by Ranjeet Pratap Singh, Prashant Gupta, Sahradayi Modi, Rahul Ranjan, and Sankaranarayanan Devarajan, Pratilipi is a Bengaluru-based digital storytelling platform. It enables writers and readers to connect across multiple Indian languages and formats, including audiobooks and self-publishing.
5). Aerem: USD 11.7 Million
Investors: UTEC, British International Investment (BII), SE Ventures, Riverwalk Holdings, Blume Ventures, Avaana Capital
Aerem, based in Mumbai and founded in 2021 by Anand Jain and Vikesh Agarwal, is a solar energy platform offering end-to-end solutions, from financing via its NBFC arm to solar equipment sourcing through SunStore.
6). RapidClaims: USD 11 Million
Investors: Accel, Together Fund
Founded by Dushyant Mishra, RapidClaims is a healthtech startup that leverages AI to streamline medical claims, reduce denials, and improve provider reimbursements. Its suite of tools includes automated coding (RapidCode), clinical documentation improvement (RapidCDI), and pre-submission audits (RapidScrub).
7). Sweet Karam Coffee: USD 8 Million
Investors: Peak XV Partners, Fireside Ventures
Chennai-based Sweet Karam Coffee was founded in 2015 by Anand Bharadwaj, Nalini Parthiban, Srivatsan Sundararaman, and Veera Raghavan. The brand offers South Indian sweets, snacks, ready-to-eat mixes, and filter coffee—free of palm oil and preservatives.
8). The Bear House: USD 6 Million
Investor: JM Financial India Growth Fund III
The Bear House, a Bengaluru-based men's fashion brand, was founded in 2017 by Harsh and Tanvi Somaiya. It started as a shirt manufacturing unit before evolving into a full-fledged brand offering premium casual workwear, including shirts, polos, denim, and shoes.
With over USD 157 million raised collectively, these startups reflect the diversity and resilience of India's innovation-driven ecosystem. From tech-first credit products to regional snacking and green energy, investors are placing their bets on both cultural relevance and scalable solutions.
