New Delhi: In a remarkable week for the Indian startup ecosystem, 30 startups raised a total of $248.87 million in funding. This significant achievement highlights the robust fundamentals of India’s economy and its growing appeal to investors.
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Key Highlights of the Funding Week
Among the 30 startups, five were growth-stage deals, while 24 were early-stage investments. The funding raised is reflective of the diverse sectors within India’s startup ecosystem, from building materials to agritech and fintech.
Growth-Stage Funding:
- Infra.Market, a building materials platform, raised $125 million in its Series F round, solidifying its position in the construction tech space.
- Arya.ag, an agritech startup, secured $30 million in debt funding from HSBC, which will help scale its platform focused on improving farm storage and logistics.
- Ati Motors, an industrial robotics company, raised $20 million in a Series B round, led by Walden Catalyst Ventures and NGP Capital.
- Other notable growth-stage deals included Aris Infra Solutions, a B2B e-commerce platform, and VuNet Systems, a SaaS company, both raising substantial funds.
Early-Stage Investments:
In total, 24 early-stage deals raised $57.66 million, with companies spanning sectors such as skincare, beer, home services, real estate, agritech, and deep-tech. Leading the pack:
- Deconstruct, a D2C skincare brand, secured significant funding.
- Medusa, a beer brand, also attracted investments.
- Snabbit, a home service marketplace, and Landeed, a real estate document search platform, raised early-stage funds.
- KisanKonnect, an agritech startup, and CapGrid, a deep-tech company, were also part of the funding wave.
City-wise Funding Overview:
- Bengaluru led the charge with eight startups securing funding.
- Delhi-NCR followed closely with seven startups raising capital.
- Mumbai had five startups secure funding, while Ahmedabad and Bhubaneswar had two each.
Major Acquisitions and Investments:
In addition to the funding rounds, the Indian startup scene witnessed several major acquisitions:
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- Hatsun Agro acquired dairy startup Milk Mantra.
- Hindustan Unilever Limited (HUL) bought a 90.5% stake in D2C skincare brand Minimalist for about $350 million (Rs 2,955 crore).
- Everstone, a Singapore-based PE firm, purchased a majority stake in SaaS company Wingify for $200 million.
The $248.87 million raised by 30 startups last week underscores the growing confidence in India’s startup ecosystem and its potential for sustained growth. As the funding landscape continues to flourish, both early-stage and growth-stage companies are drawing significant investor attention, boosting India’s status as a global innovation hub.
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