30 Indian startups secure $250 million in funding last week
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Synopsis
In the week ending January 25, 30 Indian startups attracted $248.87 million in funding, demonstrating the vitality of the Indian startup ecosystem, which remains strong amid economic resilience. Key deals included Infra.Market's $125 million and Arya.ag's $30 million funding.
Key Takeaways
- 30 startups raised $248.87 million
- Infra.Market secured $125 million
- Arya.ag raised $30 million from HSBC
- Major acquisitions took place in the week
- Bengaluru led in startup funding
New Delhi, Jan 26 (NationPress) A total of 30 startups successfully secured $248.87 million in funding last week, showcasing the impressive resilience of the Indian startup ecosystem backed by solid economic fundamentals.
Among the successful funding rounds, five were categorized as growth-stage deals, while 24 were early-stage transactions. Notably, one startup has not disclosed its funding details.
As highlighted in Entrackr's report, a significant growth-stage deal was executed by the building materials platform Infra.Market, which raised $125 million in a Series F funding round. The agritech venture Arya.ag secured $30 million in debt financing from HSBC.
Additionally, Ati Motors, specializing in industrial robotics, raised $20 million in a Series B round led by Walden Catalyst Ventures and NGP Capital. Other notable mentions include the B2B e-commerce platform Aris Infra Solutions and the SaaS company VuNet Systems, both of which also received funding.
Furthermore, 24 early-stage deals were finalized in the week ending January 25, accumulating a total of $57.66 million. The D2C skincare brand Deconstruct led this early-stage funding wave, followed by the beer brand Medusa, home service marketplace Snabbit, real estate document search platform Landeed, agritech startup KisanKonnect, and deeptech venture CapGrid.
In the fintech sector, Spare8 also raised funds, although the specifics of the amount remain undisclosed.
A review of city-specific funding data indicates that from January 20 to 25, startups from Bengaluru secured funding in eight instances. Following Bengaluru, seven startups from the Delhi-NCR region, five from Mumbai, and two each from Ahmedabad and Bhubaneswar achieved funding.
This period also witnessed significant acquisitions, including Hatsun Agro's purchase of the dairy startup Milk Mantra. Moreover, Hindustan Unilever Limited (HUL) acquired a 90.5% stake in the D2C skincare brand Minimalist for approximately $350 million (Rs 2,955 crore), while the Singapore-based private equity firm Everstone took a majority stake in the SaaS company Wingify for $200 million.
