Indian Startups Secure $139.5 Million In 21 Deals Amidst Market Uncertainty

Indian startups have collectively raised $139.5 million across 21 funding deals this week, reflecting sustained investor confidence despite broader market uncertainties.

The funding landscape featured a mix of early-stage and growth-stage investments, underscoring the dynamic nature of India’s startup ecosystem.

Delhi-NCR emerged as the leading region, securing eight deals, while Bengaluru followed closely with four.

Startups from Mumbai, Chennai, Bhubaneswar, and Ahmedabad also participated in this week’s funding activities.

This geographical spread highlights the growing startup culture beyond traditional hubs.

Sectoral Insights: Fintech Dominates, Diverse Interests Emerge

Fintech startups led the sector-wise distribution with three deals, followed by strong performances from e-commerce and media and entertainment sectors.

Other sectors such as deep tech, AI, health tech, and cybersecurity also attracted investor interest, showcasing the wide appeal of India’s tech landscape.

Seed funding dominated this week with eight deals, indicating a strong interest in nurturing early-stage innovations.

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Investments across Series A, B, and D stages also signalled active backing of scaling businesses.

In the growth and late-stage segment, startups secured $65.75 million, with notable rounds in health tech, cybersecurity, and electric vehicles.

Notable Deals: Health Tech And Cybersecurity Stand Out

Healthtech startup CureBay led the charge with a Series B round backed by Bertelsmann India Investments.

Cybersecurity firm CloudSEK followed with a $19 million Series B round, while electric vehicle maker Euler Motors raised $15 million in another tranche of its $60 million round. Fintech players Dvara KGFS and Borderless (Stockal) also secured funding.

Among early-stage startups, Mythik, launched by entrepreneur Jason Kothari, stood out with a $15 million seed round.

Other early-stage winners included deep tech firm ALT Carbon, AI startup Biostate AI, and SaaS platform Data Sutram.

However, startups like PierSight, BlackCarrot, and The Sock Street chose not to disclose their funding amounts.

Comparative Analysis: Funding Trends Over the Past Weeks

The average funding over the past eight weeks stood at $216.99 million across 25 deals per week.

In comparison, the previous week saw Indian startups collectively raise around $194.22 million across 28 deals, indicating a slight dip in both total funding and deal volume.

This trend suggests a stabilisation in the funding landscape, with investors maintaining a cautious yet optimistic approach.