Monthly Startup Funding Report [August] A complete recap of key developments in the Indian startup ecosystem last month 👇

#FINTRACKR: Molbio Diagnostics posts Rs 1,020 Cr revenue, Rs 138 Cr PAT in FY25 ◾The Temasek-backed unicorn recently filed its IPO papers to raise Rs 200 Cr via a fresh issue. ✍️ Kunal Manchanda entrackr.com/fintrackr/molb…

Hero Electronix’s semiconductor firm Tessolve raises $150 Mn from TPG entrackr.com/snippets/hero-…

TVS retains top spot in August 2W EV sales; Ola Electric overtakes Bajaj, Ather rises to third ✍️ Mukul Manchanda entrackr.com/news/tvs-retai…

August saw a major reshuffle among the top five EV two-wheeler manufacturers. Ather Energy narrowed the gap with Ola Electric in the segment, climbing to third place as its sales growth outpaced Bajaj and Hero Motocorp.

Star Localmart acquires DusMinute, expands to 170 stores ◾DusMinute is backed by Indian Angel Network, Inflection Point Ventures and few angel investors. entrackr.com/snippets/star-…

Mobile Premier League (MPL) to give pink slips to 60% of India employees entrackr.com/snippets/mpl-t…

#Exclusive: CityMall to raise $38 Mn in Series D round at flat valuation ◾This is the Gurugram-based company’s first major funding in 3.5 years, after its $75 Mn Series C in March 2022. ✍️ Mukul Manchanda entrackr.com/exclusive/excl…

#Funding: Blue Tokai raises $25 Mn in a bridge funding round from existing investors ✍️ Shashank Pathak entrackr.com/news/blue-toka…

Flipkart acquires majority stake in Pinkvilla entrackr.com/snippets/flipk…

Child personal care brand Tuco Kids raises $4 Mn led by RTP Global entrackr.com/snippets/tuco-…

Offgrid Energy Labs raises $15 Mn led by Archean Chemical Industries entrackr.com/snippets/offgr…

Ola’s Krutrim cuts 50 jobs in linguistics team: Report entrackr.com/news/olas-krut…

Goldman Sachs trims stake in BlackBuck, Nomura steps in with Rs 247 Cr buy entrackr.com/news/goldman-s…

Venturi Partners raises $150 Mn in first close of fund II entrackr.com/snippets/ventu…

Peak XV MD Harshjit Sethi resigns after a decade ✍️ Kunal Manchanda entrackr.com/news/peak-xv-m…

Intercity EV bus startup LeafyBus raises $4.1 Mn from Enetra EV entrackr.com/snippets/inter…

Tata Group begins search for new BigBasket CEO: Report entrackr.com/snippets/tata-…

Urban Company and boAt secure SEBI nod for IPOs ✍️ Kunal Manchanda entrackr.com/news/urban-com…