Indian startups raised over $462 million this week
New Delhi: The Indian startup ecosystem saw a massive surge in funding this week, with 19 startups collectively raising about $462.27 million. The investments happened across six growth-stage and ten early-stage deals. Three startups did not disclose their funding details.
This is a significant jump from the previous week, when 30 startups raised about $355.02 million. Bengaluru continued to dominate the startup funding landscape, with ten deals this week. Mumbai, Delhi-NCR and other cities also saw significant activity. In the industry segment, fintech and edtech startups led the funding rounds with three deals each, while gaming, healthtech and energy startups secured two deals each.
Other sectors including e-commerce, aerospace and manufacturing also attracted investor interest. The growth-stage segment also saw a surge in the number of deals, including a Series B round for cross-border neobanking startup Zolve led by Craigslist. Specialty chemical sourcing platform Skimplyf secured $40 million in a Series B round, while luxury fashion platform Purple Style Labs raised the same amount in a Series E round.
Other companies that received funding this week include aerospace firm Ransons Aerospace, SaaS platform Infinite Uptime, and InCred Finance. In early-stage funding, ten startups collectively raised $29.77 million. Renewable energy company Amrut Energy led the segment with an investment of $11.5 million. It was followed by energy storage startup AmpereHour, hospitality platform GoStops, mobile game publisher Felicity Games, and admissions platform Ambitio.
A few startups, including upskilling platform VeSkill, edtech company Dreamstime Learning, and battery technology firm Flowatt Battery Science, also raised funding but did not disclose the exact amount. Seed funding remained the most popular investment stage, with four deals, followed by pre-seed, Series A, pre-Series A, and Series B rounds. This week also saw significant leadership changes. Former GlobalBees president and chief business officer Daman Soni joined AstroTalk as chief business officer (CBO). Edtech unicorn Physicswala appointed Nitin Savra, Rachna Dixit and Deepak Amitabh as non-executive independent directors.
