How Did Indian Startups Raise $585.71 Million in Funding This Week?

Synopsis
Key Takeaways
- Indian startups raised $585.71 million this week.
- Porter became a unicorn with $200 million funding.
- Major investments were seen in healthtech, logistics, and foodtech sectors.
- Startups from Delhi-NCR led the funding with 11 deals.
- Overall, investor confidence in India’s startup ecosystem continues to grow.
New Delhi, May 10 (NationPress) In a remarkable leap, Indian startups have raised around $585.71 million this week, a significant rise from the $102.93 million obtained in the prior week. This increase showcases the growing confidence and interest from investors in India's vibrant startup ecosystem.
A majority of the funding was allocated to growth-stage companies, with noteworthy contributions including Porter, a logistics company specializing in on-demand goods transport, which secured $200 million during its Series F funding round. This round was spearheaded by Kedaara Capital and Wellington Management, elevating Porter into the unicorn league.
Other major investments in growth-stage companies included Routemotic, an automotive enterprise that raised $40 million in its Series C round, and Flipspaces, an interior design startup that garnered $35 million led by Iron Pillar.
Furthermore, significant funding was also received by logistics firm Celcius Logistics, foodtech innovator The Good Bug, and e-commerce venture Blissclub this week.
On the early-stage front, a total of 20 startups raised $263.41 million. Leading this segment was PB Healthcare, a healthcare firm that secured an impressive $218 million seed round, supported by General Catalyst.
Other early-stage firms that received funding included robotics company Posha, edtech enterprise Footprints, spacetech innovator InspeCity, commercial vehicle platform 91Trucks, and proptech startup Alt DRX.
In terms of geography, startups from Delhi-NCR led the funding tally with 11 deals, followed closely by Bengaluru with 10 deals. Startups in Mumbai and Chennai also attracted investments, highlighting a diverse entrepreneurial landscape across the nation.
Sector-wise, healthtech emerged as the most attractive for investors, with four deals secured. Logistics and foodtech sectors followed closely with three deals each, while artificial intelligence, automotive, decor, and robotics sectors also drew significant investor interest.
In the preceding week, Indian startups raised about $102.93 million across 25 deals, with notable contributions from both early-stage and growth-stage companies. During that week, Bengaluru and Delhi-NCR startups led the funding race, each securing seven deals, trailed by Mumbai and Chennai.