This week, the total funding into Indian startups touched $705 million across 21 deals—the highest weekly funding for the year until now. In contrast, the previous week saw $203 million being raised.
Besides Neysa, funding activity was muted among early-stage and growth-stage startups, revealing the ongoing challenge faced by the Indian startup ecosystem as capital inflow thins.
The weekly funding into Indian startups has hovered around the $200 million range. Fundamentally, there seems to be no key theme that would drive money into Indian startups.
Nonetheless, the India AI Summit in New Delhi may provide a boost to startups, as large corporations continue to announce multi-billion-dollar investments into the deeptech and AI segments.
Key transactions
AI startup Neysa raised $600 million from Blackstone, Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners.
Fintech startup Stable Money raised $25 million from Peak XV Partners, Z47, RTP Global, and Fundamentum Partnership.
EV charging startup Statiq raised $18 million from Tenacity Ventures, Y Combinator, Shell Ventures, and RCD Holdings.
Semiconductor startup C2i Semiconductors raised $15 million from Peak XV Partners, Yali Deeptech, and TDK Ventures.
Semiconductor startup Vervesemi raised $10 million from Ashish Kacholia, Unicorn India Ventures, Roots Ventures, Caperize Fina, and MAIQ Growth Scheme.
Drug discovery startup Peptris raised Rs 70 crore (approximately $7.6 million) from IAN Alpha Fund, Speciale Invest, Tenacity Ventures, and BYT Ventures.
HomeRun, a quick commerce startup, raised Rs 60 crore (approximately $6.6 million) from Sorin Investments, Titan Capital Winners Fund, Sparrow Capital, Consumer Collective by Atrium and Helios Holdings.
Edited by Suman Singh
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