Indian startups secure over $184 mllion in funding this week

New Delhi: Indian startups witnessed a significant funding surge this week, with at least 22 companies raising over $184 million.

Early-stage startups also drew significant investor attention, collectively securing $33.4 million in funding.

Notable investments were made in growth-stage deals, with wealth advisory firm Waterfield Advisory raising $18 million in a new round led by Jungle Ventures, and SaaS company Spyne secured $16 million.

Other startups that received funding included clean-label health food brand The Whole Truth, pet care brand Dogsee Chew, new-age fashion brand Rare Rabbit, NBFC Credit Fair, food-tech company Curefoods, and jewellery company Solitario Diamonds.

Enterprise AI startup Singular AI topped the segment with a $10 million seed round. Other startups that secured funding included Ikonz Studios, an AI firm, Probus, an IoT and data analytics startup, Swish Club, a Devices-as-a-Service (DaaS) platform, and OneTab AI, a workplace SaaS startup.

Lurny, a content creation and sharing platform, also secured funding, although the amount remains undisclosed.

Bengaluru maintained its position as the top city for startup funding, with 12 deals, followed by Mumbai, Pune, and other cities.

In terms of sectors, AI startups took the lead with five deals, while foodtech secured three. Fintech, e-commerce, SaaS, and other industries also received investments.

Seed funding dominated the week, with six deals, followed by Series A, pre-Series A, Series G, and other rounds.

Industry data reveals that the average startup funding over the past eight weeks has remained at around $308.3 million, with 26 deals per week.

The week also saw significant mergers and acquisitions activity.

Atlys, a visa processing platform, acquired the UK subsidiary of Artionis to drive its global expansion.

PayRange, a fintech startup, acquired Turns, a laundry-focused SaaS startup, in an undisclosed deal.

Meanwhile, Yuma Energy strengthened its battery technology and manufacturing capabilities with the acquisition of Chennai-based Grinntech.

with inputs from IANS