30 Startups Raise Over $355 Million This Week, Up 335%
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Synopsis
This week, 30 startups in India raised more than $355 million, showcasing a significant increase of 335% from last week. Key players include DarwinBox, Leap Finance, and InsuranceDekho, contributing to the thriving startup ecosystem.
Key Takeaways
- 30 startups raised over $355 million this week.
- Growth of 335% compared to the previous week.
- DarwinBox led with $140 million in Series D funding.
- Leap Finance secured $100 million from HSBC Bank.
- InsuranceDekho raised $70 million, co-led by Beams Fintech.
New Delhi, March 8 (NationPress) This week, over $355 million was raised by a minimum of 30 startups, which encompassed three growth-stage and 20 early-stage deals.
This remarkable rise of 355% compared to last week saw the domestic startup scene garner $105.87 million from 21 startups.
Leading the pack was the HR tech platform DarwinBox, which raised $140 million in a Series D round, spearheaded by Partners Group and KKR, with contributions from Gravity Holdings.
In the Edtech sector, Leap Finance secured a $100 million debt facility from HSBC Bank, based in London, under their ASEAN Growth Fund. This follows a $65 million Series E equity round led by Apis Partners last month, bringing Leap Finance’s total fundraising to over $400 million.
The Insurtech startup InsuranceDekho raised $70 million, co-led by the private equity fund Beams Fintech Fund, along with Mitsubishi UFJ Financial Group (MUFG) from Japan and BNP Paribas Cardif, via its insurtech fund managed by Eurazeo.
Additionally, 20 early-stage startups garnered a total of $45.02 million, with notable contributions from revenue AI platform MaxIQ and enterprise tech startup Beacon.li.
Startups from Bengaluru led with 12 deals, followed by Delhi-NCR, Mumbai, and other regions.
In February of this year, domestic startups raised nearly Rs 13,800 crore ($1.65 billion), marking a 19.5% increase from Rs 11,460 crore ($1.38 billion) in January. The median valuation of these startups in February 2025 stood at Rs 61,216 crore ($83.2 billion).
Throughout the financial year of 2024-25, Indian startups collectively raised Rs 21,062 crore ($25.4 billion) across 2,200 funding rounds.
Moreover, the Indian tech startup ecosystem now ranks second globally, following the US, in terms of cumulative funding for businesses led by women founders, with a total of $26 billion raised in this domain thus far. India boasts over 7,000 active women-led startups, which represent 7.5% of all operational startups in the nation.
