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Daily Indian Funding Roundup & Key News - 21 July

Daily Indian Funding Roundup & Key News - 21 July 2026: Ather Raises ₹1,300 Cr, BlueStone Shares Zoom 20%

· Funding · StartupTalky

Capital flowed into electric mobility, rooftop solar, travel tech and deeptech on 21 July 2026, with six rounds crossing the wires. Ather Energy led the day, raising ₹1,300 crore (~$151 million) through a qualified institutional placement. SolarSquare followed, confirming a $53 million Series C that drew a cheque from MS Dhoni's family office. In other news, BlueStone shares jumped as much as 20% on its third straight profitable quarter, and Transition VC floated a ₹1,500 crore deeptech fund. Ather Energy, the Bengaluru-based electric two-wheeler maker, has raised about ₹1,300 crore (~$151 million) through a qualified institutional placement. The company allotted 1.08 crore equity shares at ₹1,202 apiece, about 2.8% above the ₹1,169.70 floor price. HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund and the Abu Dhabi Investment Authority each took more than 5% of the issue. The QIP is part of a wider plan to raise up to ₹2,500 crore, with proceeds going towards repaying borrowings, R&D and marketing. The remaining ₹1,200 crore is proposed through a preferential issue, in which Hero MotoCorp will invest about ₹960 crore via convertible warrants. SolarSquare, a residential rooftop solar startup founded by Shreya Mishra and Nikhil Nahar, has confirmed a $53 million (~₹455 crore) Series C round. The company says it has installed rooftop solar systems in more than 50,000 homes across 29 cities. The round was led by Lightspeed, with participation from Lowercarbon Capital, NGP Capital, Elevation Capital and existing investors. Former India captainMS Dhoni has invested through his family office, Midas Deals in SolarSquare, and will join as brand ambassador. The company plans to expand into 30 to 40 new cities, strengthen its technology platform, widen financing options and invest in customer service infrastructure. Gurugram-based travel tech startup 30 Sundays, founded in 2024 by Kshitij Chaudhary and Anuj Punjani, offers customised romantic and honeymoon travel packages using generative AI for itinerary planning and bookings. 30 Sundays has raised $6.7 million(~₹58 crore) in a round led by Bessemer Venture Partners, with participation from existing investors Info Edge Ventures and Eximius. It had previously raised $770K. The funds will go towards product, technology and AI capabilities, team growth, and expansion into new geographies. The company says it has reached an annualised gross booking value run rate of around ₹200 crore across Bali, Vietnam, the Maldives and Thailand. Suminter India Organics, led by Sameer Mehra, is an organic and sustainable food ingredients company. It runs a farm-to-market platform supplying spices, coconut products, oilseeds, cocoa, sweeteners and natural fibres to brands in the US, Europe and other markets. Suminter India Organics has raised ₹25 crore(~$2.6 million) in debt funding from BlackSoil Capital. The funds will help it source organic ingredients at sca

Original source: StartupTalky
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