Peeko, a babycare-focused quick commerce platform, has raised nearly $7 million (Rs 67.4 crore) in its Series A funding round while SAVE Microfinance said that it has secured nearly $7.3 million (Rs 70 crore) in funding during FY27.
Peeko raises $7m led by Chiratae
Peeko, a babycare-focused quick commerce platform, has raised nearly $7 million (Rs 67.4 crore) in its Series A funding round led by Chiratae Ventures.
The funding also saw participation from existing investor Stellaris Venture Partners and angel investors, the startup said in a statement.
Bengaluru-based Peeko will use the fresh capital to expand business, develop technology, and to hire more people.
Founded by IIT alumni Chetan Sharma (ex-Leap), Vivek Khetan (ex-OYO), and Abhijit Gairola (ex-Leap), Peeko offers an assortment of products across apparel and accessories, toys and learning, baby gear, and consumables, with delivery in under 60 minutes.
The funding comes a year after Peeko raised $3.2 million in seed funding led by Stellaris Venture Partners in August 2025.
SAVE Microfinance secures $7.3m
SAVE Microfinance Private Limited has secured nearly $7.3 million (Rs 70 crore) in funding during FY27, as it looks to expand its lending operations and support financial inclusion across India.
Of the Rs 70 crore raised during FY27, Rs 55 crore was secured under the Credit Guarantee Scheme for Microfinance Institutions (CGSMFI-2.0). This includes Rs 25 crore from Indian Overseas Bank (IOB) in June 2026 and Rs 30 crore from State Bank of India (SBI) in August 2026.
The company also secured an additional Rs 15 crore through institutional funding facilities, including from Northern Arc Capital, further diversifying its funding sources.
The funds will support the company’s lending operations, strengthen its ability to meet the growing demand for responsible credit, and expand access to formal financial services across underserved and semi-urban and rural markets.
