India’s startup ecosystem saw a sharp rise in funding this week, with 19 startups collectively bagging $462.27 million, a significant jump from the $355.02 million raised last week across 30 deals.
Of these, six were growth-stage deals, ten were early-stage rounds, and three startups kept their funding details under wraps.
As usual, Bengaluru dominated the funding scene, racking up ten deals, while Mumbai, Delhi-NCR, and other cities saw a fair share of investment action.
Who Got the Big Bucks?
Fintech and edtech startups led the way, each securing three deals, followed by gaming, healthtech, and energy startups, which locked in two deals each.
In the growth-stage category:
- Zolve, a cross-border neobanking platform, raised its Series B round, led by Craegis.
- Scimplify, a speciality chemicals sourcing platform, bagged $40 million in Series B funding.
- Luxury fashion marketplace Purple Style Labs also pulled in $40 million, this time in a Series E round.
Other notable fundraises included Ransons Aerospace, SaaS platform Infinite Uptime, and Incred Finance.
With fintech and edtech leading the charge, and heavyweights like Zolve and Purple Style Labs securing major rounds, the Indian startup ecosystem is off to a strong financial start this year.
