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.

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.