Indian Startups Raise $211 Million in Funding: A Weekly Roundup

This week witnessed a flurry of funding activity in the Indian startup ecosystem. A total of 25 startups secured investments, with a mix of growth-stage and early-stage deals. Let’s dive into the highlights:

Growth-Stage Deals

  1. upGrad: The edtech company secured $35 million in debt funding, reinforcing its position in the online education space.
  2. Rocketlane: The SaaS startup raised $24 million, focusing on enhancing collaboration and productivity for remote teams.
  3. Smartworks: Co-working space solutions provider Smartworks secured $20.24 million, catering to the evolving work environment.
  4. Rare Rabbit: The D2C apparel brand received $18 million, fueling its expansion in the fashion industry.
  5. Rupeek: The online gold loan platform raised $15 million, capitalizing on the growing demand for digital financial services.

startup funding

Early-Stage Deals

  1. Zyod: The B2B platform for apparel sourcing and manufacturing led the early-stage funding with an undisclosed amount.
  2. Cloudphysician: AI health startup Cloudphysician secured funding to further develop its healthcare solutions.
  3. Sid’s Farm: The D2C dairy brand received investment, emphasizing sustainable and quality-driven dairy products.
  4. Two Brothers Organic Farms: Agriculture tech firm Two Brothers Organic Farms raised capital for innovative farming practices.
  5. Morphing Machines: The fabless semiconductor startup aims to revolutionize the semiconductor industry.

City and Segment Insights

  • Bengaluru: The city led with 10 funding deals, followed by Delhi-NCR, Jaipur, Mumbai, and Ahmedabad.
  • Fintech: The top segment with 4 deals, followed by e-commerce, manufacturing, agritech, and healthtech.

Funding Trends

  • Weekly funding declined by 76.73%, totaling $211 million compared to the previous week’s $906 million.
  • The average funding over the last eight weeks stands at approximately $404 million.


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