Synopsis
In a remarkable week for the Indian startup ecosystem, over $180 million was raised by 24 new-age companies, with the fintech sector leading the charge. Key investments included $60 million for Juspay and $30 million for Easebuzz, showcasing strong investor confidence.Key Takeaways
- Indian startups raised over $180 million this week.
- The fintech sector was the most funded.
- Juspay secured $60 million in Series D funding.
- Easebuzz raised $30 million led by Bessemer.
- Urban Company plans a primary fundraising of Rs 528 crore.
New Delhi, April 12 (NationPress) The local startup ecosystem has maintained its funding momentum this week, raising over $180 million through 24 innovative companies.
The fintech sector continues to lead in funding. This week featured six growth-stage and 13 early-stage deals.
Among the notable growth-stage transactions, digital payment technology firm Juspay secured $60 million in its Series D round, spearheaded by Kedaara Capital, with contributions from existing backers Softbank and Accel.
Another digital payment entity, Easebuzz, raised $30 million in a funding round led by Bessemer Venture Partners.
The homegrown wearables brand Noise garnered $20 million in investment from the US-based audio giant Bose Corporation, marking its second funding round and reaffirming investor confidence despite a challenging market.
In early-stage transactions, the cross-border logistics startup Xindus topped the list with a $10 million Series A round.
The average funding over the past eight weeks has been nearly $246.87 million, with around 24 deals each week.
Additionally, the board of Urban Company approved a primary fundraising of Rs 528 crore through an IPO, and the wearables brand boAt submitted a draft red herring prospectus to SEBI via a confidential route.
In Q1 2025, India ranked third globally in fintech funding, behind the US and the UK.
Late-stage funding saw a 47 percent increase to $227 million in the January-March period, compared to $154 million in Q4 2024, according to a report by Tracxn, a prominent market intelligence platform.
The first quarter of this year experienced total funding of $366 million. March was the peak month, raising $187 million, which accounted for 51 percent of the total funds.
During the January-March quarter, there were 10 acquisitions, reflecting a 67 percent and 100 percent increase compared to 6 and 5 acquisitions in Q1 2024 and Q4 2024, respectively. Bengaluru emerged as the leader in total fintech funding during Q1, followed closely by Gurugram and Mumbai.
