Pronto Secures $2M to Revolutionize On-Demand House Help in India

Gurugram-based startup Pronto has raised $2 million in seed funding from Bain Capital Ventures to expand its 10-minute house help services. Founded by Anjali Sardana in 2024, Pronto offers 24/7 on-demand assistance for tasks like cleaning and laundry via its app. The company plans to open 10 new hubs, hire 700 professionals, and provide workers with stable incomes and guaranteed hours.

Fyn Mobility Secures $2.5M to Expand EV Fleet and Enter Southeast Asia

Chennai-based EV-as-a-Service startup Fyn Mobility has raised $2.5 million from investors including Vijay Kedia, Lloyd Balajadia, and Swiggy CFO Rahul Bothra. The funds will be used to expand its electric vehicle fleet, enhance technology, and pursue international growth, particularly in Southeast Asia. Fyn, which serves clients like Amazon and Flipkart, is also seeking an additional $10 million for global expansion.

Oxyzo Secures ₹533 Cr Debt Funding to Fuel SME Lending Expansion

Fintech unicorn Oxyzo has raised ₹533 crore in debt funding from Neo Group and other investors to bolster its SME lending operations. This capital infusion aims to enhance its digital lending platform and expand its reach among small and medium enterprises across India. The funding underscores investor confidence in Oxyzo's growth trajectory and commitment to empowering SMEs.

Euler Motors Secures ₹638 Cr in Series D Funding Led by Hero MotoCorp

Euler Motors, a Delhi-based electric commercial vehicle manufacturer, has raised ₹638 crore in a Series D funding round led by Hero MotoCorp, marking the latter's strategic entry into the electric three- and four-wheeler market. The round also saw participation from existing investor British International Investment (BII). The funds will be utilized to expand Euler's sales and service network across India and accelerate the development of new electric vehicle models.

Tonbo Imaging Plans ₹1,000 Cr IPO to Boost Global Defense Tech Expansion

Defense tech startup Tonbo Imaging is set to file its Draft Red Herring Prospectus (DRHP) with SEBI by August 2025 for an IPO aiming to raise ₹800–1,000 crore. The Bengaluru-based company, known for advanced imaging and sensor systems, recently secured ₹175 crore in Series D funding from Florintree Advisors and EXIM Bank, valuing it at over ₹1,500 crore. In FY25, Tonbo reported ₹460 crore in revenue and ₹72.5 crore in net profit. IIFL Securities and JM Financial are appointed as lead managers for the IPO.