Synopsis
In the latest funding round, 30 Indian startups raised a total of $240.85 million, with Bengaluru emerging as the top recipient of investment deals. The week also witnessed significant growth-stage and early-stage funding, highlighting the dynamic nature of the Indian startup ecosystem.Key Takeaways
- 30 Indian startups raised $240.85 million this week.
- Bengaluru secured the most funding with 12 deals.
- E-commerce startups led with five investments.
- Significant growth-stage investments included Leap raising $65 million.
- Various acquisitions were reported, indicating a vibrant market.
New Delhi, Feb 2 (NationPress) In the past week, 30 Indian startups successfully raised $240.85 million in funding, which includes five growth-stage investments and 20 early-stage rounds.
Bengaluru took the lead in securing startup funding with 12 deals made during the week.
Following Bengaluru, Delhi-NCR, Mumbai, Chennai, and Patna were also part of the funding landscape.
According to a report by Entrackr, e-commerce startups attracted the most investments, finalizing five deals.
SaaS and fintech startups closely followed, with each securing three deals, while foodtech, healthtech, and manufacturing sectors also garnered investor attention.
In the growth-stage category, edtech startup Leap raised $65 million in its Series E funding, spearheaded by Apis Partners.
B2B seafood startup Captain Fresh secured $30 million in its ongoing pre-IPO round.
SaaS IT management platform SuperOps raised $25 million, while a supply chain startup obtained $12 million in a Series C round from Evolvence India and Mirabilis Investment Trust.
Among the early-stage startups, 20 companies collectively raised $107.15 million.
B2B SaaS startup Atomicwork led the way with a $25 million Series A round, followed by investments in co-working firm Innov8, senior citizen-focused healthcare services provider Geri Care, telecom company Astrome Technologies, and mobility startup VoltUp.
Additionally, D2C handloom clothing brand Dressfolk and road safety products manufacturer Prisomoline raised funds but did not disclose specific amounts.
Startup funding remained stable on a weekly basis, although it saw a minor decline of 3.22 percent, dropping from $248.87 million in the previous week.
Over the last eight weeks, the average weekly funding was $349.53 million, with an average of 26 deals per week.
This week also saw notable acquisitions, including Raise Financials acquiring financial media startup Filter Coffee, and logistics firm Shadowfax taking over CriticaLog.
Nazara-owned NODWIN Gaming expanded its portfolio by acquiring esports startup StarLadder.
The digital navigation company MapmyIndia acquired a stake in AI startup SimDaaS.
