The Indian startup ecosystem witnessed significant funding activity this week, with 24 startups collectively raising $191.71 million. While growth-stage deals dominated the funding volume, early-stage startups continued to attract investors’ attention with innovative business models.
Growth-Stage Deals: Zetwerk Leads the Pack
Five growth-stage startups raised a total of $119.3 million this week, with B2B e-commerce contract manufacturing giant Zetwerk bagging the lion’s share of $70 million. Other notable deals included:
- Bureau: The fraud prevention platform raised $30 million.
- Bizom: A retail intelligence startup, secured $12 million.
- HostBooks: The SaaS-based accounting firm closed a $5 million funding round.
- Zunroof: A solar startup, garnered $2.3 million.
Additionally, fintech firm Kissht received an undisclosed sum from cricket legend Sachin Tendulkar, reflecting investor confidence in the fintech space.
Early-Stage Startups Shine
Sixteen early-stage startups raised $72.41 million, showcasing diverse sectors and innovative solutions. Key players include:
- INSTANT-XP: A tech-enabled B2B express logistics platform leading the list.
- Seekho: A learning-focused OTT platform.
- ZingBus: An intercity mobility startup.
- QuiD Cash: A supply chain fintech startup.
- Arata: A direct-to-consumer (D2C) hair care brand.
Pet healthcare firm Crown Vet and the 10-minute delivery platform KiranaPro also raised funds but opted not to disclose specific amounts.
City-Wise and Segment-Wise Insights
Bengaluru emerged as the hotspot for funding activity, with 14 deals, followed by startups in Delhi-NCR, Mysuru, Pune, and Mumbai.
On the sectoral front, Fintech startups topped the charts with 5 deals. Other active segments included SaaS, E-commerce, Healthtech, Logistics, and Climatetech.
Series-Wise Breakdown
Seed funding led the charge with 11 deals, underscoring the growing focus on nurturing early-stage ventures. Series A, Series B, pre-Series A, and Series F deals followed, reflecting a balanced distribution across different funding stages.
Weekly Comparison
In comparison to last week, which saw 40 startups collectively raising $787 million, this week’s funding volume indicates a more measured pace. However, the quality and diversity of startups continue to attract a steady stream of investments.
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