Indian Startups Raise Over $150 Million This Week
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Synopsis
This week, the Indian startup ecosystem attracted over $150 million in funding, marking significant growth in FY25 with various startups leading the funding landscape.
Key Takeaways
- Indian startups secured over $150 million in one week.
- Smallcase raised $50 million in Series D funding.
- Fintech startups led with 6 deals.
- Delhi-NCR region topped the funding charts.
- Q1 2025 saw a total of $2.5 billion raised by tech startups.
New Delhi, March 29 (NationPress) The domestic startup ecosystem has successfully secured more than $150 million this week, indicating strong growth in the ongoing financial year (FY25).
In the last week of March, a total of 23 Indian startups garnered $150 million, comprising five growth-stage and 17 early-stage funding rounds, with a total of 16 deals completed.
India's leading model portfolios platform, smallcase, raised $50 million in its Series D funding round, which included both primary and secondary investments led by Elev8 Venture Partners, along with contributions from both new and existing investors.
Approximately 17 early-stage startups collectively raised $54.09 million, with fintech startup Abound securing the largest round at $14 million. Notably, fintech startups dominated the scene with six deals.
Startups based in the Delhi-NCR region led the charge with eight funding deals, followed by Bengaluru, Mumbai, Hyderabad, and Chennai.
In the first quarter of 2025, domestic tech startups attracted $2.5 billion, reflecting a 13.64 percent increase from the prior quarter and an 8.7 percent rise compared to the same timeframe last year, positioning India as the third most-funded nation worldwide.
Late-stage funding rounds contributed a total of $1.8 billion in Q1 2025, an increase of 38.46 percent compared to $1.3 billion in Q4 2024 and a significant 114.54 percent rise from $839 million in Q1 2024.
As per Tracxn, a prominent market intelligence platform, tech startups in Delhi accounted for 40 percent of all funding secured by tech companies across India, followed by Bengaluru with 21.64 percent.
This week, the government announced the selection of 217 incubators, with a total approved funding of Rs 916.91 crore under the Startup India initiative, as of January 31.
According to recent data from the Department for Promotion of Industry and Internal Trade (DPIIT), India is currently home to nearly 1.59 lakh startups.
