Indian startups see 2.6 times jump in funding this week, raise Rs 3,640 crore
New Delhi (The Uttam Hindu): Indian startups witnessed a sharp rise in funding this week, with 30 companies collectively raising $363.9 million (around Rs 3,640 crore). This marks a significant increase compared to the previous week, when 22 startups raised $137.68 million (around Rs 1,370 crore).
Growth and late-stage funding dominated this week, with more than $300 million raised through nine deals. The largest funding round was secured by customer engagement platform MoEngage, which raised $180 million in its Series F round with participation from KrisCapital, Dragon Funds, and Schroders Capital. This was followed by spacetech startup Digantara, which raised $50 million. Electric commercial vehicle startup QuaysEV raised $15 million, while stock market learning platform StockGro secured $13 million.
Early-stage startups raised a total of $62.4 million through 20 deals during the week. Haircare brand Moxie Beauty raised $15 million in its Series A round led by Bessemer Venture Partners. Shapewear brand Underneath raised $6 million in a pre-Series A round. Other startups such as WorkIndia, Oben Electric, Tagbin, Virohan, and Ace Turtle also received funding.
Luxury jewellery startup Queen received investment from Bollywood actors Aamir Khan and Ranbir Kapoor, although the investment amount was not disclosed.
City-wise, Bengaluru led with 15 deals, followed by Delhi-NCR with six deals. Startups in Mumbai, Bhubaneswar, Hyderabad, and Kolkata also secured funding this week. Sector-wise, e-commerce startups recorded the highest number of deals with seven investments, followed by biotech companies with three deals. Investors also showed interest in AI, spacetech, electric vehicles, edtech, and SaaS companies.
In terms of deal stages, Series A, Series B, and seed rounds saw six deals each. Pre-Series A and pre-seed rounds recorded three deals each, while Series F and pre-Series B rounds also attracted investments. Over the past eight weeks, Indian startups have raised an average of $308.14 million per week across 25 deals.