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Inc42’s Q1 Funding Report, Zomato Axes 600 Jobs & More
- Q1 2025 showed signs of stability in funding landscape with a 41% YoY surge in capital, reaching $3.1 Bn across 232 deals, pushing total funding past $161 Bn.
- Ecommerce and fintech remained dominant in funding, with late-stage startups raising $1.8 Bn, seed stage startups at $188 Mn, and growth stage startups at $1 Bn.
- M&A activity in Indian startups saw a revival in Q1 2025, including notable deals like HUL's acquisition of Minimalist.
- Zomato laid off 600 employees due to performance issues and AI-led automation in its food delivery vertical amid rising competition.
- Spinny raised $131 Mn led by Accel for its NBFC arm, valuing the company at $1.7 Bn to $1.8 Bn post-money.
- Boba Bhai's revenue surged 6x in FY25, OYO projects a 60% YoY revenue increase in Q4 FY25, and UPI transactions hit all-time highs.
- IndiQube's IPO got SEBI approval, BorderPlus acquired Onea Care, and The Bear House secured INR 50 Cr in funding.
- Neural Defend aims to combat deepfakes using AI-based detection, targeting enterprise cybersecurity and aiming to capture a share of the growing deepfake detection market.
- The startup plans to secure 10 customers, reach $10 Mn in annual revenue, and expand globally while facing competition from established players like McAfee.
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