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Deals Crash, Dreams Rise: How India’s Startups Are Defying Gravity

Updated: July 19, 2025 10:50

Image Source : India Avenue
India’s tech ecosystem saw a mixed bag of momentum this week, with funding rebounding from last week’s slump but still trailing yearonyear benchmarks. From quantum breakthroughs to fashion pivots, here’s your curated roundup of the most impactful startup and tech moves.
 
Funding Snapshot and Deal Trends
  • Indian startups raised $123.9 million between July 12–18, nearly doubling from the previous week’s $62.1 million but down 59% compared to the same period last year.
  • A total of 26 deals were recorded, fewer than the 37 seen in the corresponding week of 2024.
Top Deals of the Week
  • PayU secured a $35.1 million infusion from parent firm Prosus, strengthening its digital payments play.
  • QpiAI, a quantum computing startup, raised $32 million led by Avataar Venture Partners and India’s National Quantum Mission.
  • Truemeds, a healthtech firm, bagged $20 million from Peak XV Partners, pushing its total funding to $113 million.
Startup Spotlight
  • Quickfashion delivery startups are gaining investor attention despite sustainability concerns.
  • SaaS players are tailoring green tech for fashion, aiming to reduce returns and oversupply.
  • Udaan acquired ShopKirana in an $88.5 million allstock deal, expanding its B2B grocery footprint.
Corporate Moves and Tech Shifts
  • Paytm Money appointed Sandiip Bharadwaj as CEO amid restructuring.
  • AI is being used by devotional apps to match users with priests and translate chants in real time.
  • Smaller cities like Vizag and Coimbatore saw a 50% rise in IT hiring, outpacing metro hubs.
Sources: Economic Times, MSN News, Business Outreach, Flipboard, ET Now, Tracxn Data

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