This past week, Indian startups collectively raised approximately $432 million in funding through 25 deals. Of these, 6 were growth-stage deals that accounted for $350 million, while 16 early-stage startups secured $82.09 million in total. Notably, three early-stage startups—Adukale, CricHeroes, and Flam—chose not to disclose their funding amounts.
Growth-Stage Deals
Among the growth-stage deals, six startups raised a combined $350 million:
- Oyo: Hospitality platform spearheaded its $175 million Series G round.
- Ather Energy: Electric scooter manufacturer joined the unicorn club with $71 million in a Series E round.
- Neo: Wealth and asset management firm secured $48 million.
- Syfe: Wealthtech startup raised $27 million in equity funding.
- Vayana: Trade credit infrastructure platform secured $20.5 million.
- Innoviti: Payment gateway and PoS provider raised $8.5 million in a mix of equity and debt.
Early-Stage Deals
Sixteen early-stage startups secured a total of $82.09 million in funding:
- Kinetic Green: Electric vehicle maker secured $25 million from Greater Pacific Capital.
- Fresh Bus: Electric intercity bus startup raised $10.5 million in a Series A round.
- Beco: D2C home, kitchen, and personal care brand raised $10 million.
- Kazam: E-mobility startup secured $8 million.
- 4baseCare: Healthcare startup raised $6 million led by Yali Capital.
Additionally, three startups—Adukale, CricHeroes, and Flam—chose not to disclose their funding details.
City-Wise Breakdown
Bengaluru remained the epicenter of startup activity with 9 deals, followed by Delhi-NCR, Mumbai, Pune, Chennai, Kochi, and Ahmedabad. The strong showing of both growth and early-stage startups indicates a continued investor confidence in India’s thriving startup ecosystem.
