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Weekly Funding Roundup: Startups Secure Fresh Capital From Investors
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Moneycontrol•10-10-2026, 12:37
Weekly Funding Roundup: Startups Secure Fresh Capital From Investors
- •Beyond Appliances secured Rs 110 crore in a Series B round led by Fireside Ventures and Dharana Capital to expand its product portfolio and manufacturing facility.
- •Consumer electronics brand Lumio raised $12 million in Series A funding from Blume Ventures, Stellaris Venture Partners, and 3one4 Capital.
- •Deeptech startup Quanfluence raised $10 million from investors including Chiratae Ventures and Pi Ventures to develop a photonic quantum computer.
- •Digital lender NeoGrowth raised Rs 85 crore from FMO and LeapFrog Investments to expand access to formal credit for MSMEs.
- •ByteXL secured $9 million in Series B funding from Elevar Equity, Kalaari Capital, and the Michael & Susan Dell Foundation to provide technology and AI skilling programmes.
Key Questions Answered
Beyond Appliances raised Rs 110 crore in a Series B funding round. The key investors in this round include Fireside Ventures, Dharana Capital, and other investors.
Lumio is a consumer electronics brand that manufactures smart TVs, projectors, and speakers. They plan to use their $12 million Series A funding to expand their product range, invest in software and after-sales support, and build an offline retail presence.
Quanfluence raised $10 million in funding from key investors including Chiratae Ventures, Pi Ventures, and Rainmatter by Zerodha.
