Several startups secured fresh funding during the week of October 11. Beyond Appliances got Rs 110 crore, while Lumio raised $12 million. Other firms like Quanfluence, NeoGrowth, byteXL, Zomint, Desible.ai, and Credfix also grabbed capital. These companies plan to use the money to grow their teams and expand product offerings.
The week's biggest funding rounds grabbed the spotlight, but they weren't the only deals signed. Here's a roundup of other startups that announced fresh funding over the past week. Beyond Appliances Funding: Rs 110 crore, Series B Key investors in this round: Fireside Ventures, Dharana Capital and other investors What it does: Beyond Appliances is a smart kitchen appliance brand that plans to expand its product portfolio, set up a new manufacturing facility and grow its offline presence. Lumio Funding: $12 million (around Rs 103 crore), Series A Key investors in this round: Blume Ventures, Stellaris Venture Partners and 3one4 Capital What it does: Lumio is a consumer electronics brand that makes smart TVs, projectors and speakers. It plans to expand its product range, invest in software and after-sales support, and build an offline retail presence. Quanfluence Funding: $10 million (around Rs 92 crore) Key investors in this round: Chiratae Ventures, Pi Ventures and Rainmatter by Zerodha What it does: Quanfluence is a deeptech startup developing a full-stack photonic quantum computer, combining photonic chips, control electronics and software. NeoGrowth Funding: Rs 85 crore Key investors in this round: FMO and LeapFrog Investments What it does: NeoGrowth is a digital lender focused on micro, small and medium enterprises (MSMEs). It plans to use the investment to expand access to formal credit and strengthen its digital lending capabilities. byteXL Funding: $9 million (around Rs 87 crore), Series B Key investors in this round: Elevar Equity, Kalaari Capital and the Michael & Susan Dell Foundation What it does: byteXL works with engineering colleges to provide technology and AI skilling programmes, helping students build industry-relevant skills and improve their employment prospects. Zomint Funding: Rs 36 crore, seed round Key investors in this round: Lightspeed and Prime Venture Partners What it does: Zomint is a wealth management platform targeting retail investors beyond the high-net-worth segment. It offers dedicated wealth experts to customers starting with a Rs 25,000 monthly SIP or a Rs 5 lakh lump-sum investment. Desible.ai Funding: Rs 32 crore, seed-plus round Key investors in this round: Prime Venture Partners and Invention Engine What it does: Desible.ai is building an agentic AI workflow platform for financial services companies, automating customer engagement, servicing, operations and compliance workflows. Credfix Funding: Rs 16.1 crore, seed round Key investors in this round: Tanglin Venture Partners and Stargazer What it does: Credfix is an AI-first debt resolution platform that helps financially distressed borrowers manage outstanding debt. It says it serves more than 2 lakh borrowers representing over Rs 4,000 crore in aggregate outstanding debt. Lorazzo Funding: Rs 15 crore Key investors in this round: Sauce, Sprout Venture Partners, Panthera Peak and Alteria Capital What it does: Lorazzo is a design-led kitchen and bathroom fittings brand that is expanding through an omnichannel model. It plans to broaden its product portfolio and strengthen its online and offline presence. The Dough Therapy Funding: Rs 5.25 crore, seed round Key investors in this round: Michigan Capital Advisors and Equiglobe Investment What it does: The Dough Therapy is a gourmet pizza brand focused on vegetarian offerings. It plans to expand to 20 outlets, with funding allocated towards expansion, marketing, supply chain infrastructure and kitchen technology.
