Did 21 Indian Startups Secure $139.5 Million This Week?

Synopsis
Key Takeaways
- Indian startups raised $139.5 million this week.
- Delhi-NCR emerged as the leading region with eight deals.
- Fintech was the most active sector.
- Seed funding dominated with eight deals.
- Healthtech startup CureBay led the charge with a Series B round.
Mumbai, May 25 (NationPress) Indian startups successfully attracted $139.5 million in funding this week through 21 deals, showcasing robust investor confidence even amidst prevailing market uncertainties.
The funding activities included five growth-stage and 13 early-stage deals, with three startups opting to keep their funding figures confidential.
Delhi-NCR emerged as the top region, accounting for eight deals, closely followed by Bengaluru with four.
Startups from Mumbai, Chennai, Bhubaneswar, and Ahmedabad also participated in this week’s funding highlights.
The fintech sector was the most active, securing three deals, while e-commerce and media and entertainment sectors also showed promising results.
Further interest was noted in other sectors such as deep tech, AI, health tech, and cybersecurity, highlighting the diverse appeal of India’s tech ecosystem.
This week saw seed funding dominate, with eight deals, while investments were also made in Series A, B, and D stages, indicating active support for both emerging ideas and scaling enterprises.
In the growth and late-stage sector, startups raised $65.75 million, led by healthtech startup CureBay which secured a Series B round backed by Bertelsmann India Investments.
Following this, CloudSEK, a cybersecurity firm, garnered $19 million in a Series B funding round, while Euler Motors, an electric vehicle manufacturer, raised $15 million as part of its ongoing $60 million funding round.
In the fintech arena, Dvara KGFS and Borderless (Stockal) also received investments. Among early-stage startups, a total of $73.75 million was raised, with Mythik, founded by entrepreneur Jason Kothari, securing a notable $15 million seed round.
Other emerging early-stage leaders included ALT Carbon in deep tech, Biostate AI in AI, and Data Sutram in SaaS.
However, PierSight, BlackCarrot, and The Sock Street did not disclose their funding amounts.
Over the past eight weeks, the average funding stood at $216.99 million across 25 deals per week.
In the prior week, Indian startups collectively amassed approximately $194.22 million through 28 deals.
This past week’s funding included nine growth and late-stage rounds along with 18 early-stage deals, with one startup choosing to keep its funding details private.