Indian Startups Secure Rs 462 Million In Funding Last Week – Equitypandit
About $462.27 million was raised by 19 startups last week, marking a notable rise in funding for the Indian startup industry.
Six growth-stage and ten early-stage transactions were funded, while three firms declined to disclose their fundraising details. This is a significant rise over the $355.02 million that 30 businesses raised the week before.
Bengaluru continued to dominate the startup investment sector this week with eleven deals. Mumbai, Delhi-NCR, and other cities also saw a lot of activity. Fintech and edtech startups dominated the financing rounds across sector divisions with three agreements each, followed by gaming, health tech, and energy companies with two deals each.
Other industries like manufacturing, aircraft, and e-commerce also attracted the attention of investors.
The growth-stage market saw some noteworthy deals, including a Series B funding for Zolve, a cross-border neobanking startup managed by Craegis.
Purple Style Labs, a platform for high-end clothing, raised $40 million in a Series E round, while Scimplify, a platform for sourcing specialized chemicals, raised the same amount in a Series B investment.
Other companies that raised capital this week included aerospace firm Ransons Aerospace, SaaS platform Infinite Uptime, and Incred Finance.
The ten startups collectively raised $29.77 million in early-stage funding. Amrut Energy, which specializes in renewable energy, led the market with an investment of $11.5 million. Next were mobile game developer Felicity Games, hospitality platform goStops, admissions platform Ambitio, and energy storage business AmpereHour.
A few businesses also received funding, though they did not disclose how much. These include the battery technology company Flowatt Battery Science, the edtech startup Dreamtime Learning, and the upskilling platform Weskill.
Significant changes in leadership also occurred over the week. AstroTalk’s Chief Business Officer (CBO) is Daman Soni, the former president and CEO of GlobalBees.
The Edtech unicorn PhysicsWallah has appointed Nitin Savara, Rachna Dikshit, and Deepak Amitabh as non-executive independent directors.
Seed capital remained the most popular investment stage with four deals. Next were the pre-seed, Series A, pre-Series A, and Series B rounds.
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