From record startup funding and IPO buzz to small business wins and tech innovations, here’s your essential roundup of India’s most impactful business and technology news of the week.
1. Indian Startups Raise $232 Million, Funding Rebounds Sharply
Indian startups collectively raised $231.7 million across 16 deals this week, marking a robust 53% jump from the previous week’s $151.6 million. This surge signals renewed investor confidence after a slump, with sectors like cleantech, fintech, and healthtech leading the charge. Notably, Euler Motors secured $75 million in Series D funding, and Oxyzo, a fintech lender, raised $62.4 million in debt, reflecting strong momentum in both established and emerging segments.
2. Euler Motors’ $75 Million Series D Signals EV Sector Strength
Delhi-based Euler Motors, focused on electric commercial vehicles, closed a $75 million Series D round led by Hero MotoCorp and British International Investment. This significant investment will help Euler expand manufacturing and product lines, underlining the growing demand for sustainable logistics solutions in India’s urban centers.
3. Oxyzo Secures $62.4 Million Debt Funding for SME Lending
Oxyzo, a fintech startup specializing in lending to small and medium enterprises (SMEs), raised $62.4 million in debt from Neo Group. The capital will be used to scale its digital lending platform, offering faster access to working capital for India’s vast SME sector—a vital move for economic growth and job creation.
4. CureBay Raises $21 Million to Expand Rural Telemedicine
Healthtech startup CureBay bagged $21 million in Series B funding, led by Bertelsmann India Investments. CureBay’s telemedicine platform connects rural patients with doctors and diagnostics, aiming to bridge healthcare gaps in underserved regions. The new funds will help expand its reach across India’s tier-2 and tier-3 cities.
5. CloudSEK Attracts Funding for Cybersecurity SaaS Expansion
Enterprise tech company CloudSEK, known for its AI-powered cybersecurity solutions, also raised funds this week. The investment will fuel product development and international expansion, as demand for advanced threat intelligence tools rises amid increasing cyberattacks on Indian businesses.
6. Delhivery Turns Profitable, Reports Q4 Net Profit of ₹72.6 Crore
Logistics unicorn Delhivery posted its first quarterly profit, reporting ₹72.6 crore in Q4 FY25 compared to a loss of ₹68.5 crore a year ago. Revenue grew 5.6% year-on-year to ₹2,191.5 crore, and EBITDA margins more than doubled, reflecting improved operational efficiency and robust e-commerce demand.
7. Premier Energies and Nuevosol Form Green Aluminium JV
Premier Energies, a solar module manufacturer, announced a joint venture with Nuevosol Energy to launch Premier Green Aluminium Private Limited. The new entity will focus on producing aluminium frames for solar PV modules, with Premier holding an 80% stake. This move supports India’s renewable energy ambitions and local manufacturing push.
8. KEC International Bags ₹1,133 Crore Transmission Orders
Infrastructure major KEC International secured fresh orders worth ₹1,133 crore for transmission and distribution projects, including a major ±800 kV HVDC line and a 765 kV GIS substation. These contracts highlight ongoing investments in India’s power infrastructure and the transition to a more resilient grid.
9. Dr. Reddy’s Faces USFDA Observations at New York Facility
Pharma giant Dr. Reddy’s Laboratories received a Form 483 with two observations from the USFDA for its API facility in New York. While such notices are routine, the company’s response and corrective actions will be closely watched, as US exports remain a key revenue driver.
10. Divi’s Labs Q4 Profit Surges 23% Year-on-Year
Divi’s Laboratories reported a strong Q4 with net profit rising 23% to ₹662 crore and revenues up 12.2% to ₹2,585 crore. The board recommended a final dividend of ₹30 per share, reflecting confidence in the company’s growth trajectory and robust demand for APIs and intermediates.
11. Shipping Corporation’s Profits Dip Nearly 40%
State-run Shipping Corporation of India saw its Q4 profits fall 39.73% year-on-year to ₹185 crore, with revenues down 6%. The decline was attributed to lower freight rates and subdued global trade, highlighting ongoing volatility in the shipping sector.
12. Smallcap and Midcap Indices Outperform Sensex
While the BSE Sensex shed 271 points (0.33%) on May 19 due to profit booking, the Nifty Smallcap100 index rose 0.51% and the Nifty Midcap100 gained 0.07%. This trend suggests growing investor interest in smaller companies, many of which are startups or innovative SMEs.
13. Bharti Airtel and Varun Beverages Named Top Stock Picks
Motilal Oswal Financial Services highlighted Bharti Airtel and Varun Beverages as the week’s top stock recommendations. Airtel’s strong free cash flow and premiumization strategy, alongside expectations of a 15% tariff hike, position it for robust growth. Varun Beverages, a leading Pepsi bottler, is also expected to deliver strong returns.
14. Coal India to List Two Subsidiaries, Boosting Mining Sector
Coal India Ltd announced plans to list its subsidiaries BCCL and CMPDI, with draft papers to be filed soon. This move is expected to unlock value, attract investment, and modernize India’s mining and construction equipment sector.
15. NBCC Sells ₹1,468 Crore Worth of Noida Residences
NBCC, a government real estate developer, sold 446 residential units in Noida for ₹1,468 crore via e-auction. The strong demand for these units highlights the ongoing recovery in India’s real estate sector, especially in urban and peri-urban areas.
16. Ireda Files Insolvency Against Gensol EV Lease
Ireda, a key lender in the renewable sector, filed an insolvency application against Gensol EV Lease Limited after a ₹218.95 crore default. This development underscores the financial risks faced by new-age green businesses and the need for robust risk management.
17. Gujarat Alkalies Commissions New Chemical Plants
Gujarat Alkalies and Chemicals installed a new HCL synthesis unit and three downstream plants for chlorotoluene production, boosting total capacity by 40 TPD. This expansion supports India’s goal of self-reliance in specialty chemicals and industrial inputs.
18. Bharat Electronics Secures ₹572 Crore in Defence Orders
Bharat Electronics, a state-owned defence electronics firm, won new orders worth ₹572 crore, including drone detection systems, AI-based solutions for ships, and advanced communication equipment. These contracts reinforce India’s focus on indigenous defence technology.
19. Tech Events Drive Innovation: Esri, AI Pathshala, Fintech Summit
May saw a flurry of tech events across India, including the Esri India Developer Summit, AI Pathshala on mobility, India DevOps Show, Fintech Future Summit Bengaluru, and the Smart CIO Summit. These events fostered collaboration, showcased AI and fintech innovations, and highlighted India’s growing role as a global tech hub.
20. Small Businesses Thrive Amid Digital and Policy Shifts
Ground reports from various states indicate that small businesses are rapidly adopting digital solutions—from e-invoicing to digital payments—to stay competitive. Government incentives, improved access to credit, and the rise of B2B platforms are helping MSMEs expand beyond local markets, contributing to job creation and regional economic growth.
India’s business landscape continues to evolve at a rapid pace, with startups, small businesses, and tech innovators driving the next wave of growth. From record funding rounds and strategic joint ventures to policy reforms and digital adoption, the week of 19–25 May 2025 has showcased resilience, ingenuity, and ambition across sectors. Stay tuned for more ground-level insights and in-depth coverage of India’s economic transformation.
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