Last week, Indian Startups raised a pretty healthy chunk of money, particularly considering the rise in fundraising activities. Saying Entrackr, the startups numbering 22 in the country were adopted, and respectively, they resulted in the $447 million real raised funds. These comprised the company’s nine growth-stage deals and eleven other deals in the early stages.
However, the general case was that most of the transactions were publicly disclosed, yet it was surprising that two startups opted to keep the funding details to themselves. Thus, it was impossible to explore the funding landscape fully. The previous week witnessed the involvement of approximately 30 startups, of which 20 were seed-stage ventures, while the rest six were growth-stage ventures. Just the previous week, they were able to raise nearly $287 million.
Leading the fundraising parade were startups established in Bengaluru, with 14 deals at the top of the list, Delhi-NCR region taking the following position with three deals. City entrepreneurial ecosystems remain dynamic from the point of view of investors becoming both the key drivers in attracting money flows.
Under the growth-stage deals, the list had nine startups rated as the first choice, who bagged the incredible amount of $420.35 million. Engrail, a health tech company, was the big talker, achieving the biggest topping of $157 million in funding. Some other beneficiaries were the mobile audio hosting portal – Pocket FM, the health tech startup – Ultrahuman, and the content-to-commerce company – Good Glamm Group, which got $103 million, $35 million, and $30 million each.
In this phase, the young business accomplished an incredible feat, bagging 11 founders with $27 million in funding. The pioneer stepped up of the platforms is the Optimal Loan, an MSME-focused lending-tech startup, followed by gaming startup Liquidnitro, boutique hotels firm Brij Hotels, and climate tech platform Sprih.
The frequent exit of funding is evidence of the Indian startup ecosystem being resilient and contains potential. Once investors looking for innovative sectors and fresh opportunities start to recognize them, startups in different sectors across the entire country receive expensive investment support to execute and expand plans that are aimed at growth and progress.
