New Delhi, March 15 (IANS) The Indian startup ecosystem witnessed a strong surge in funding this week, with 19 startups collectively raising approximately $462.27 million.
The investments were spread across six growth-stage and ten early-stage deals, while three startups chose not to disclose their funding details.
This marks a significant jump compared to the previous week when 30 startups secured around $355.02 million.
Bengaluru continued to dominate the startup funding landscape, accounting for ten deals this week. Mumbai, Delhi-NCR, and other cities also saw significant activity.
Among industry segments, fintech and edtech startups led the funding rounds with three deals each, while gaming, healthtech, and energy startups secured two deals each.
Other sectors, including e-commerce, aerospace, and manufacturing, also attracted investor interest.
The growth-stage segment saw notable deals, including a Series B round for cross-border neobanking startup Zolve, led by Craegis.
Speciality chemicals sourcing platform Scimplify secured $40 million in a Series B round, while luxury fashion platform Purple Style Labs raised the same amount in a Series E round.
Other companies that received funding this week included aerospace firm Ransons Aerospace, SaaS platform Infinite Uptime, and Incred Finance.
In early-stage funding, ten startups collectively raised $29.77 million. Renewable energy company Amrut Energy led the segment with an $11.5 million investment, followed by energy storage startup AmpereHour, hospitality platform goStops, mobile game publisher Felicity Games, and admissions platform Ambitio.
Some startups, including upskilling platform Weskill, edtech company Dreamtime Learning, and battery technology firm Flowatt Battery Science, also secured funding but did not disclose the exact amount.
Seed funding remained the most popular investment stage, with four deals, followed by pre-seed, Series A, pre-Series A, and Series B rounds.
The week also saw important leadership movements. Daman Soni, former President and Chief Business Officer at GlobalBees, joined AstroTalk as Chief Business Officer (CBO).
Edtech unicorn PhysicsWallah appointed Nitin Savara, Rachna Dikshit, and Deepak Amitabh as non-executive independent directors.
–IANS
pk/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
