Indian startups secure $585.71 million in funding this week

New Delhi: In a significant surge, Indian startups collectively raised approximately $585.71 million this week, marking a substantial increase from the $102.93 million secured the previous week.

This uptick reflects a growing investor confidence and interest in India’s burgeoning startup ecosystem.

The majority of this funding was directed towards growth-stage companies, with notable investments including Porter, an on-demand goods transport agency, which secured $200 million in its Series F funding round.

This round was led by Kedaara Capital and Wellington Management, propelling Porter into the unicorn club.

Other significant growth-stage investments encompassed automotive company Routemotic, which raised $40 million in its Series C round, and interior design startup Flipspaces, which secured $35 million led by Iron Pillar.

Additionally, logistics firm Celcius Logistics, foodtech company The Good Bug, and e-commerce startup Blissclub also attracted substantial investments this week.

On the early-stage front, 20 startups collectively raised $263.41 million. Healthcare company PB Healthcare led this segment with an impressive $218 million seed round, backed by General Catalyst.

Other early-stage startups that garnered funding include robotics company Posha, edtech firm Footprints, spacetech startup InspeCity, commercial vehicle platform 91Trucks, and proptech company Alt DRX.

Geographically, Delhi-NCR-based startups led the funding race with 11 deals, closely followed by Bengaluru with 10 deals. Startups from Mumbai and Chennai also secured investments, indicating a diverse and widespread entrepreneurial activity across the country. (IANS)

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