This week, Indian startups experienced a significant boost in funding, raising a total of $628.24 million across 36 deals. These investments spanned both growth-stage and early-stage companies, with five startups choosing to keep their funding details undisclosed. This surge represents a notable increase in funding activity, with a jump of 174.59% compared to last week’s $228 million.

Growth-Stage Deals Dominate

In the growth-stage category, 14 startups collectively raised $566.44 million. Topping the list was Physics Wallah, an edtech platform, which raised $210 million. This was followed by Whatfix, a SaaS-based digital adoption platform that secured $100 million. Other notable deals include M2P Fintech ($50 million), Redcliffe Diagnostics ($42 million), iBUS Networks ($34 million), and Everest Fleet, a mobility startup, which raised $30 million.

One of the big names this week, Swiggy, continued its pre-IPO journey, attracting prominent investors such as Madhuri Dixit, Ritesh Malik, and Moder Insulators.

For more information on startups like Physics Wallah and Whatfix, you can visit their official websites or SaaS insights.

Early-Stage Deals Continue to Thrive

A total of 17 early-stage startups raised $61.8 million this week. Kaleidofin, a fintech startup, led the pack in this segment. Other noteworthy startups that secured funding include e6data (a data intelligence platform), The Wellness Co. (luxury wellness clinics), NowPurchase (a marketplace for metal manufacturers), and ELIVAAS, a vacation home rental platform.

In addition, five startups—Venttup, Kaatil, Salt Oral Care, Ticket9, and TraqCheck—did not disclose their funding amounts.

To learn more about fintech developments, you can check out Kaleidofin’s website.

City and Segment Trends

When looking at the city-wise distribution of deals, Bengaluru led the charge with 12 deals, followed by Delhi-NCR, Mumbai, Chennai, and Hyderabad. Segment-wise, E-commerce, SaaS, and Fintech startups dominated with five deals each, while Healthtech, HRtech, Foodtech, Proptech, Edtech, and Telecom startups followed closely behind.

For in-depth insights into these booming startup ecosystems, explore Bengaluru’s startup ecosystem.

Fund Launches and Acquisitions

The week also saw several new fund launches:

• z21 Ventures announced the first close of its $40 million Fund II, with WestBridge Capital investing $20 million.
• Capital A launched its second fund with a target corpus of ₹400 crore, focusing on sectors like deeptech, manufacturing, and fintech.
• Shivalik Investment Fund secured 50% of its targeted ₹150 crore for its inaugural fund.

In terms of acquisitions, Veefin took a 26% stake in EpikIndifi, while Acru was acquired by Stockal. Other notable deals include OPA, an influencer marketing platform, being acquired by Wondrlab, and AJA Vision Technologies being snapped up by Marsh Harrier.

Visit z21 Ventures and Capital A to learn more about these funds and their focus sectors.

Week-on-Week Funding Trend

Funding activity surged significantly this week, with startups raising over $628 million, compared to $228 million last week. On average, the past eight weeks have seen $393 million raised weekly, indicating a strong upward trend in India’s startup ecosystem.

This growth is a clear sign that investors are optimistic about the future of Indian startups, particularly in sectors like Fintech, SaaS, and Edtech.

New Launches and Partnerships

Some notable new launches and partnerships include:

• MobiKwik’s Zaakpay partnering with Meta to offer in-app payments on WhatsApp.
• GoMechanic preparing for an EV workshop expansion.
• Moglix planning a $50 million investment in Credlix to expand operations into the U.S. and Mexico.
• Kapiva aiming to raise $40 million to boost growth.

Conclusion

This week marked a significant leap in Indian startup funding, with a surge of 175% in total investments. With the launch of several new funds and the continuation of major growth-stage deals, India’s startup ecosystem remains vibrant and full of potential.

For more detailed updates, visit TheKredible.