New Delhi: Indian startups raised $240.85 million this week across 30 deals, with growth-stage investments playing a key role. However, overall funding saw a marginal decline of 3.22% from last week’s $248.87 million, according to data from Entrackr.
Bengaluru Tops Startup Funding, Followed by Delhi-NCR
Bengaluru led in deal activity, securing 12 funding rounds, followed by Delhi-NCR, Mumbai, Chennai, and Patna. E-commerce startups attracted the highest investor interest, closing five deals, while SaaS and fintech startups followed with three deals each. Sectors like foodtech, healthtech, and manufacturing also saw notable investments.
Key Growth-Stage Investments
Among growth-stage deals, edtech startup Leap raised the highest funding this week with a $65 million Series E round led by Apis Partners. B2B seafood startup Captain Fresh secured $30 million in an ongoing pre-IPO round, while SaaS IT management platform SuperOps raised $25 million. A supply chain startup also secured $12 million in a Series C round from Evolvence India and Mirabilis Investment Trust.
Early-Stage Startups Secure $107.15 Million
Twenty early-stage startups collectively raised $107.15 million. Leading the category, Atomicwork, a B2B SaaS startup, raised $25 million in a Series A round. Other notable fundraisers included co-working firm Innov8, senior healthcare service provider Geri Care, telecom startup Astrome Technologies, and mobility startup VoltUp. Some startups, like D2C handloom clothing brand Dressfolk and road safety product manufacturer Prisomoline, also raised funds but did not disclose the amounts.
Startup Acquisitions Gain Momentum
Apart from funding rounds, the startup ecosystem witnessed significant acquisitions. Raise Financials acquired financial media startup Filter Coffee, while logistics firm Shadowfax took over CriticaLog, marking key consolidations in the financial and logistics sectors.
