Indian startups continue to attract significant funding, with 21 startups collectively raising $105.87 million this week. The funding came from various stages, with some startups securing growth-stage investments, while others received early-stage funding to scale their businesses.
Compared to the previous week, when 22 startups raised $184.4 million, the funding amount has declined. However, the overall startup funding trend in India remains strong, with an average of $317.35 million raised weekly over the past two months.
Growth-Stage Startups Lead with Major Investments
Among the growth-stage startups, B2B cross-border e-commerce company Geniemode led the funding round by raising $50 million in a Series C round from Multiples Alternate Asset Management. This investment will help Geniemode expand its international business operations.
MOC Cancer Care & Research Centre, a leading healthcare startup, secured $18 million in a Series B round led by Elevation Capital. The funding will be used to expand its cancer treatment facilities and research efforts across India.
Additionally, a fintech unicorn raised $12 million in debt financing from AK Capital Finance, reflecting the strong investor interest in India’s growing fintech sector.
Early-Stage Startups Attract Over $25 Million in Investments
A total of 16 early-stage startups secured $25.87 million in funding, helping them scale operations and develop innovative solutions. Among them, the largest funding went to Quick Clean, a professional linen management company, which raised $5.7 million in a Series A round.
Other startups that secured funding included:
- FanTV, a content platform, which plans to expand its reach with fresh funding.
- Vidyut, an EV ecosystem platform, which received investments to enhance its services in the electric vehicle sector.
- Lorien Finance, a fintech startup, which raised funds to provide improved financial solutions.
- HiWiPay, a cross-border payments startup, which secured investment to streamline global transactions.
Additionally, gaming startup 1312 Interactive and quick commerce platform KiranaPro received funding but did not disclose the exact amount.
Bengaluru Leads as the Top Startup Investment Hub
Bengaluru continues to dominate the Indian startup funding scene, with nine startup funding deals closed this week. Following Bengaluru, the Delhi-NCR and Mumbai startup ecosystems also secured multiple deals. Other Indian cities contributed to the overall funding activity as well.
Among different industry sectors, fintech startups led the investment race, securing four major deals. E-commerce, healthtech, spacetech, and gaming startups followed closely, with each sector securing two investment deals this week.
This week also saw notable mergers and acquisitions in India’s startup ecosystem. Veranda Learning acquired BB Virtuals and Navkar Digital, strengthening its position in commerce education.
Meanwhile, Flipkart’s UPI app Super.money acquired fintech startup BharatX, aiming to expand its credit offerings and improve digital payment solutions.
Growing Investment Momentum in Indian Startups
Despite fluctuations in weekly funding amounts, Indian startups continue to attract investor interest across various sectors. With fintech, healthtech, and e-commerce leading the way, startups in India are set to experience sustained growth and expansion opportunities.
As investors continue to fund innovative ideas, the Indian startup ecosystem remains a dynamic and promising space, driving technological advancements and economic development.
