Indian startups raised $194 million this week
New Delhi: Indian startups collectively raised about $194.22 million across 28 deals this week.The funding comprised nine growth and late-stage rounds and 18 early-stage deals, with one startup choosing not to disclose its funding amount.Bengaluru topped India’s startup ecosystem by recording 12 deals. Delhi-NCR witnessed seven deals, while Mumbai, Jaipur and Ahmedabad also witnessed funding activity.
Healthtech emerged as the most active sector with four deals this week, followed by foodtech and AI startups with three deals each.Other sectors that attracted investor interest included media and entertainment, logistics and fintech.Seed funding was the most common deal type, with 12 rounds, followed by Series B, Series A and Series C investments.
Among growth and late-stage deals, D2C snacking brand Farmly led with its Series C round backed by L Catterton.
Battery tech startup VFlowTech secured $20.5 million in a Series B round, while Nobel Hygiene raised $20 million through a combination of primary and secondary transactions. Other funded companies include Cellable Technologies, Avimmune Therapeutics, Hoco Ice Cream, M1xchange, Biryani Blues, and an omnichannel jewellery brand.
On the early-stage front, startups raised a total of $57 million. Oncology-focused company Complement1 led the segment with a $16 million seed round. Other funded startups included mixed reality platform Flame, AI ventures such as Hyperbots and Adopt AI, and manufacturing firm TIEA Connectors. Analytics startup Cryptic also received funding.
The week also saw significant business developments. AI-powered loyalty management platform Capillary Technologies acquired Canada-based Kognitiv to strengthen its presence in North America. Meanwhile, Curefoods acquired exclusive rights to bring Krispy Kreme to North India, marking the brand’s regional debut.
On the leadership front, cloud-based media SaaS company Amagi appointed two independent directors in line with the Companies Act as it heads towards an IPO. Meanwhile, the average startup funding over the past eight weeks has been around $218.61 million, with around 25 deals being struck each week.
