Startup news and updates: Daily roundup (May 20, 2025)

From CureBay and CloudSek bagging millions to a breakfast brand tapping into quick meals, YourStory brings you today’s top stories from the Indian startup ecosystem.

Featured stories

This Kota-based startup wants to change how India eats breakfast

Founded by Yash Kalra, GOAT Life is helping health-conscious consumers expand their breakfast and snacking options with its innovative, ready-in-30-second oatmeal-based products.

GOAT Life (formerly known as GoOAT) is a ready-to-consume oatmeal-based product that can be consumed in both drinkable and eatable formats. They are soon launching tiramisu and cookies and cream flavours. The shelf life of its products is 7 months and every ingredient is in its natural form, says the founder.

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Funding news

CureBay raises $21M led by Bertelsmann India

Rural-focused healthcare platform CureBay has secured $21 million in a Series B funding round led by Bertelsmann India Investments. The round also saw participation from Elevar Equity and British International Investment (BII), the UK’s development finance institution.

The fresh funds will be used to enhance CureBay’s technology infrastructure and expand its rural healthcare network across multiple Indian states. It is also looking to strengthen its proprietary technology stack, expand into new geographies, and invest in workflow automation and predictive care tools

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CloudSEK raises $19M from MassMutual Ventures, Inflexor Ventures, others

Cybersecurity firm CloudSEK has raised $19 million across its Series A2 and B1 funding rounds to enhance its AI-driven cyber threat prediction platform and support global expansion.

The funding round saw participation from both Indian and US investors, including MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and strategic investor Commvault. Existing investors such as the Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures also continued their support.

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PaySprint to raise $3M

Fintech player PaySprint has raised $1.2 million in a Series A round and expects to raise the remaining Rs 15 crore in the second tranche.

The company did not disclose its investors but plans to use fresh capital to expand its banking and escrow platforms, enhance AI-led onboarding and fraud detection tools, expand its product and engineering teams, and strengthen partnerships with banks and enterprises.

Founded in December 2020, PaySprint offers digital infrastructure solutions for business banking and compliance. Its core products include SprintNXT, a business banking platform, and SprintVerify, a verification engine supporting KYC/KYB.

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Mobikwik Q4 loss widens to Rs 56 Cr; slips into red for FY25

Tan90 bags Rs 20 Cr from NABVENTURES and others

Chennai-based deeptech startup Tan90 Thermal Solutions has raised Rs 20 crore in its Series A funding round led by NABVENTURES to support expansion and product development.

The round also witnessed participation from Blue Ashva Capital, Capital-A, and 3i Partners.

The capital infusion will support the development of new products for cold chains, HVAC systems, and data centres, as well as expand its footprint across India and into Southeast Asia, the Middle East, and Africa.

(The copy will be updated with the latest news throughout the day.)