This week, 19 Indian startups raised nearly $271 million across 6 growth-stage and 13 early-stage deals including one undisclosed deal. The week also witnessed three acquisitions, 13 key leadership appointments, two departures, two fund launches, and one shutdown. In contrast, 18 startups had collectively secured about $70.4 million in the previous week. Growth-stage startups raised a total of $208. 2 million across six deals this week, led by AI software creation platform Emergent’s unicorn round of $130 million. Fintech startup Neo Group raised $36.3 million in a Series C round from Peak XV Partners, while consumer services provider Quick Clean secured $14 million in Series B round led by Stakeboat Capital. Early-stage startups raised $62.5 million across 13 deals this week, led by AI startup Vorflux, which secured $15 million in a Seed round led byY Combinator, Peak XV Partners, Powerset, and Alliance. Among the other notable deals, AI startup Rev.Dev raised Rs 11.3 million in a Series A round led by Elevation Capital and others. Mobility firm E3 Electric AI secured $10.5 million in a Series A round led byBluVenture Holdings, while healthtech startup Circle Health raised $6 million in a Series A round fromAPT Research, Momentum Capital and others. Bengaluru continued to lead the funding charts with 12 startup deals during the week, followed by Delhi-NCR with three deals. Mumbai, Ahmedabad, Pune and Lucknow bagged a deal each. Segment-wise, AI startups led the week with six deals followed by fintech, e-commerce, biotech with two deals each. Meanwhile, mobility, consumer services, manufacturing, agritech, edtech, and others also recorded funding activity during the period. Seed rounds led the week with 7 deals, followed by three Series A and Series B deals. Pre-Series A, Series C, pre-Series B, and Bridge rounds also witnessed activity during the week. On a weekly basis, startup funding inclined 95% to $271 million, compared to around $70. 4 million raised during the previous week. The average funding over the last eight weeks stands at around $325 million, with an average of 20 deals per week. The week also saw 13 key hirings. Scripbox has elevated Mohankumar Swaminathan as chief product officer. Dailoq has appointed Sonali Kulkarni as partner, while Honasa Consumer has elevated Shivang Jain as its CEO of BTM Ventures. The week also witnessed three acquisitions. Proptech firm Aurum PropTech set to acquireHousing.comfor 46.3 million. Edtech platform PhysicsWallah acquired Sarrthi IAS, while Recode Studios has acquired Aflairza. Venture capital firm Elevation announced the fund at $500 million and Aurrewvia has launched a fund worth $10 million. Bengaluru-based professional networking platform Medial has shut down operations, founder and CEO Niket Raj Dwivedi announced in a LinkedIn post. ▪️Digit Life launches customizable guaranteed and index-linked annuity plans ▪️Swiggy’s InstamartlaunchesLPG cylinder delivery in partnership with HPCL ▪️NABARD
