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This week, 32 Indian startups collectively raised approximately $375.52 million through 7 growth-stage and 22 early-stage funding deals. Additionally, three startups chose not to disclose their transaction details. This marks a significant 2.7X increase from the previous week’s total of $137 million.
In the growth-stage category, contactless payment solutions provider ToneTag secured $78 million in a Series B round led by ValueQuest S.C.A.L.E. Fund. Contract lifecycle management platform SpotDraft raised $54 million in a Series B round, backed by Vertex Growth Singapore and Trident Partners. Modern banking tech firm Zeta secured $50 million, pushing its valuation to $2 billion. Other notable funding rounds included AI startup 75F, mobility platform Rapido, electric bus manufacturer PMI Electro Mobility, and D2C footwear brand JQR.
A total of 22 early-stage startups raised $64.82 million. SaaS startup Lucidity led the funding rounds with a $21 million Series A investment, followed by cross-border workforce mobility platform BorderPlus, men’s health brand Boldcare, and B2B manufacturing firm CapGrid Solutions. Additionally, startups like Bambinos.live, Lifesigns, and Rubyworks raised funds but did not disclose the amounts.
Bengaluru led the funding activity with 15 deals, followed by Delhi-NCR, Mumbai, and other cities. Sector-wise, fintech startups secured the most funding with five deals, followed by SaaS, AI, and healthtech (three deals each). Other sectors like edtech, EVs, and e-commerce also saw investments.
Seed-stage funding dominated with 11 deals, followed by Series B, Series A, pre-seed, and pre-Series A rounds.
This week saw major acquisitions, including:
IPV Ideaschool opened applications for its third accelerator program, offering Rs 1 crore in pre-seed funding to five startups.
Ride-hailing firm Rapido introduced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees.
This week saw major acquisitions, including:
Peak XV’s managing partners Shailesh Lakhani and Abheek Anand stepped down. Lizzie Chapman, co-founder of Swiffy Labs, also exited her role.
This week’s surge in startup funding, strategic acquisitions, and leadership shifts reflect a dynamic and evolving Indian startup ecosystem.
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