How Much Did Indian Startups Raise This Week?

Synopsis
Key Takeaways
- Indian startups raised $194.22 million this week.
- Bengaluru recorded the highest number of deals.
- Healthtech, foodtech, and AI sectors attracted significant investments.
- Seed funding was the most prevalent type of investment.
- Notable acquisitions indicate robust market activity.
New Delhi, May 17 (NationPress) This week, Indian startups have successfully raised approximately $194.22 million through a total of 28 funding deals.
The capital infusion comprised nine growth and late-stage investments alongside 18 early-stage funding rounds, with one startup opting to keep its funding amount confidential.
Bengaluru remained at the forefront of India's startup scene, achieving 12 deals. The Delhi-NCR region followed with seven deals, while Mumbai, Jaipur, and Ahmedabad also participated in the funding landscape.
In terms of sector activity, healthtech emerged as the most vibrant sector this week, securing four deals, closely trailed by foodtech and AI startups, each with three deals.
Investor interest also spread to other sectors such as media and entertainment, logistics, and fintech.
Seed funding was the predominant type of deal, accounting for 12 rounds, with Series B, Series A, and Series C investments following suit.
Among the notable growth and late-stage deals, the D2C snacking brand Farmley led the charge with its Series C funding backed by L Catterton.
Furthermore, VFlowTech, a battery tech startup, raised $20.5 million in a Series B round, while Nobel Hygiene secured $20 million through a mix of primary and secondary transactions.
Other companies that received funding include Celebal Technologies, Avammune Therapeutics, Hocco Ice Creams, M1xchange, Biryani Blues, and an omnichannel jewelry brand.
In the early-stage category, startups amassed a total of $57 million, with Complement1, an oncology-focused venture, leading the pack with a $16 million seed round.
Other funded early-stage startups included the mixed reality platform Flam, AI ventures like Hyperbots and Adopt AI, and the manufacturing firm TIEA Connectors. The analytics startup Cryptique also received funding.
This week marked significant business developments as well. Capillary Technologies, a loyalty management platform driven by AI, acquired Kognitiv, a Canadian company, to enhance its footprint in North America.
Additionally, Curefoods secured exclusive rights to introduce Krispy Kreme to North India, representing the brand's regional debut.
On the leadership side, Amagi, a cloud-based media SaaS company, appointed two independent directors in accordance with the Companies Act, as it prepares for an IPO.
The average startup funding over the past eight weeks has been approximately $218.61 million, with around 25 deals occurring each week.