Get All Access for $5/mo

The Best Startup Funding This Week: July 27–Aug 2 Here is a list of the startups that have raised the most money this week, from July 27 to Aug 2.

By Minakshi Sangwan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R(T-B)] Founders of Rapido, Gruner Renewable Energy, Clix Capital, Meragi, Simple Energy, & Kinetic Green

Rapido: Founded in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh, Bengaluru's Rapido is a ride-hailing service offering bike taxis, auto rickshaws, cabs, parcel delivery, and third-party logistics, catering to diverse transportation needs in India.

Funding Amount: USD 120 Million

Investor: WestBridge Capital

Gruner Renewable Energy: Launched in February 2023 by Utkarsh Gupta, Noida-based Gruner Renewable Energy specialises in installing top-tier biogas plants. Using advanced German technology, the company is dedicated to enhancing renewable energy and sustainability across India with its efficient biogas solutions.

Funding Amount: USD 60 Million

Simple Energy: Started in 2019 by Suhas Rajkumar, Ankit Gupta and Shreshth Mishra, Bengaluru's Simple Energy offers electric vehicles and clean energy solutions. It has two offerings in its portfolio: Simple One with 212 km of certified range and Simple Dot One with 151 km of certified range.

Funding Amount: USD 20 Million

Investors: Haran family office, Dr A Velumani's family office, Vasavi family office, and Desai family office

Clix Capital: Established in 2016 by Pramod Bhasin, Anil Chawla, and Rakesh Kaul, Gurugram-based Clix Capital (formerly GE Money Financial Services) offers diverse financial products. These include business loans, property loans, school financing, and SME/MSE, working capital, and unsecured business loans.

Funding Amount: INR 220 Crore

Investors: Apollo Global Management, Pramod Bhasin, and Anil Chawla

Kinetic Green: Founded by Arun Firodia and currently spearheaded by third generation scion of the Firodia family, Sulajja Firodia Motwani, Pune-based Kinetic Green specialises in electric three-wheelers and two-wheelers.

The company has also partnered with luxury brand Tonino Lamborghini to produce high-end electric golf carts and buggies.

Funding Amount: USD 20 Million

Investor: Greater Pacific Capital

Meragi: Started in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, Meragi offers an all-inclusive wedding planning service. Using technology for vendor and project management, it provides decoration, photography, catering, and destination weddings in cities like Goa and Jaipur.

Funding Amount: USD 9.1 Million

Investors: Accel, Peak XV Partners, Venture Highway, and Angel Investor Anupam Mittal

Minakshi Sangwan

Junior Writer

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Leadership

As a Leader, Take These 5 Steps to Bridge the Gap Between Innovation and Execution

Companies that want to turn ideas into action must align their people and listen to their customers.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.