Business

Indian Startups Raise $628 Million In A Week, Led by Physics Wallah’s $210 Million Round

The Indian startup ecosystem saw a significant boost in funding this week, with 36 startups raising over $628.24 million. This marks a 174.5% surge compared to last week’s figures. Leading the funding wave was edtech company Physics Wallah (PW), which secured $210 million in its Series B round, pushing its valuation to $2.8 billion. The round was led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge.

The week witnessed 14 growth-stage deals and 17 early-stage deals, reflecting positive investor sentiment in India.

Key Deals of the Week

According to an Entrackr report, SaaS company Whatfix raised $100 million, although the deal is yet to be made public. API infrastructure platform M2P Fintech secured $50 million, and omnichannel diagnostics provider Redcliffe raised $42 million. Digital infrastructure company iBUS attracted $34 million.

Everest Fleet raised $30 million in its ongoing Series C round, aimed at expanding its fleet of clean-energy vehicles, including CNG and electric vehicles. AI-powered recruitment platform Vahan.ai secured $10 million in Series B funding, led by Khosla Ventures.

Regional Breakdown of Deals

Bengaluru-based startups led with 12 deals, followed by companies in Delhi-NCR, Mumbai, Chennai, and Hyderabad. In comparison, last week saw 24 startups raise over $229 million, including six growth-stage deals worth $182.65 million.

The average funding in the last eight weeks stands at around $393 million, with about 28 deals per week.

Also Read: Indian Markets Surge After US Fed’s Surprise Rate Cut

Ajaypal Choudhary

Recent Posts

Mallikarjun Kharge Slams ‘Batenge Toh Katenge’ Slogan During Jharkhand Campaign

Kharge emphasized that the BJP leaders promote divisive rhetoric as part of their agenda. He…

38 mins ago

Police Arrest Two In Fake Marriage Certificate Racket In Name Of Arya Samaj

DCP Nagar Abhishek Bharti revealed that five couples, including Shivani and Shrikant Yadav, recently filed…

1 hour ago

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

2 hours ago

Ola Electric’s Share Hits All-Time Low Of Rs 74 Ahead Of Q2 Results

Analysts predict that the stock could drop closer to the Rs 70 mark. Ola Electric…

3 hours ago

US Election: Voting Begins With First Ballots Cast In New Hampshire

This election is one of the most divisive in US history. Harris and Trump have…

3 hours ago

Waqf Bill: Opposition MPs Meet LS Speaker, Lodge Protest Against JPC Chairman Jagdambika Pal

Opposition members alleged that Pal calls JPC meetings without consulting them and restricts their opportunity…

3 hours ago