Indian Startups Secure $194 Million in Funding This Week: A Closer Look
Overview of Recent Startup Funding
New Delhi: This week, Indian startups collectively attracted approximately $194.22 million through 28 funding deals.
The funding comprised nine rounds for growth and late-stage companies, alongside 18 early-stage investments, with one startup opting to keep its funding details private.
Bengaluru maintained its position as the hub of India's startup scene, recording 12 deals, while Delhi-NCR followed with seven. Mumbai, Jaipur, and Ahmedabad also participated in funding activities.
The healthtech sector was particularly vibrant this week, leading with four deals, while foodtech and AI startups each secured three deals.
Investor interest also extended to sectors such as media and entertainment, logistics, and fintech.
Seed funding emerged as the predominant deal type, accounting for 12 rounds, followed by Series B, Series A, and Series C investments.
Among the notable growth and late-stage transactions, D2C snacking brand Farmley stood out with its Series C funding round, supported by L Catterton.
Battery technology startup VFlowTech raised $20.5 million in a Series B round, while Nobel Hygiene secured $20 million through a mix of primary and secondary transactions.
Other companies that received funding included Celebal Technologies, Avammune Therapeutics, Hocco ice creams, M1xchange, Biryani Blues, and an omnichannel jewelry brand.
In the early-stage category, startups raised a total of $57 million, with Complement1, an oncology-focused firm, leading this segment with a $16 million seed round.
Other funded early-stage startups included mixed reality platform Flam, AI ventures like Hyperbots and Adopt AI, and manufacturing company TIEA Connectors. Analytics startup Cryptique also received backing.
The week also featured significant business developments. Capillary Technologies, an AI-driven loyalty management platform, acquired Canada-based Kognitiv to enhance its North American footprint.
Additionally, Curefoods secured exclusive rights to introduce Krispy Kreme to North India, marking the brand's entry into the region.
On the leadership side, Amagi, a cloud-based media SaaS company, appointed two independent directors in compliance with the Companies Act as it prepares for an IPO.
Over the past eight weeks, the average startup funding has been around $218.61 million, with roughly 25 deals occurring weekly.