New delhi: The Indian startup ecosystem raised around $187 million in funding this week, that included four growth-stage and 13 early-stage deals.At least 21 domestic startups cumulatively raised $187 million across 10 deals between October 21-26. Last week, 39 early and growth-stage startups had raised around $450 million in funding. This week, Singapore’s sovereign wealth fund Temasek made an additional investment of $60 million in edtech platform Upgrad.

Healthtech platform Healthify announced the closure of $45 million round, led by existing investor Khosla Ventures, and LeapFrog Investments with new participation from Claypond Capital (family office of Indian healthcare billionaire Ranjan Pai). This takes Healthify’s total primary equity raise to approximately $125 million so far.

Dairy technology startup Stellapps Technologies raised $26 million in series C funding in a mix of equity and debt. The round saw participation from existing investors Blume Ventures, Omnivore, Bill and Melinda Gates Foundation, IDH Farmfit Fund, 500 Startups, and Blue Ashva Capital.

D2C bags and luggage brand Zouk raised $10 million in Series B round was led by Aavishkaar Capital, and also saw participation from existing investors such as Stellaris Venture Partners, Titan (NS:TITN) Capital, Sharrp Ventures and the JJ Family.

Generative AI startup Neysa secured $30 million in Series A funding, co-led by existing investors NTTVC, Z47 (fka Matrix Partners India) and Nexus Venture Partners. This investment builds on Neysa’s successful $20 million seed round earlier this year.

Meanwhile, workplace technology provider Oliod secured $6 million led by Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, and Carya Ventures. Mumbai-based startups led with nine deals, followed by Bengaluru, Delhi-NCR, Pune and Chennai. The average funding in the last eight weeks stands at around $315.51 million.

New Delhi: The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals — an over 300 per cent jump from the $135 million raised last week. 

This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a surge of 48.8 per cent from previous week’s $17.8 million, which means that investment activity in the startup ecosystem gained momentum.

Edtech startup Eruditus raised $150 million led by TPG’s The Rise Fund, with participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative.

“With this investment, we’re excited to continue to grow and innovate to meet market demand,” said Ashwin Damera, CEO, Eruditus and Emeritus (the parent company). Omnichannel beauty platform Purplle extended its latest funding round by Rs 500 crore to make a final close at Rs 1,500 crore (around $180 million). The overall round was led by Abu Dhabi Investment Authority (ADIA), and saw participation from existing investors such as Premji Invest and Blume Ventures.

GIVA Jewellery announced the successful closure of its extended Series B funding round, garnering Rs 255 crore from esteemed investors at a higher valuation, which was spearheaded by Premji Invest, EPIQ Capital, Edelweiss Discover Fund and the top management of GIVA.

Software-as-a-service (SaaS) startup bagged $30 million in a round led by Eight Roads Ventures, which also saw participation from Elevation Capital and 3one4 Capital. Meanwhile, the Indian fintech startup ecosystem secured $778 million in funding in the July-September period, reaching second spot globally after the US in terms of fintech funding raised in the third quarter.

This also marks a 66 per cent increase from the $471 million raised in Q3 last year and an impressive 165 per cent surge from the $293 million raised in Q2 this year, according to the report by Tracxn, a SaaS-based market intelligence platform.

New Delhi: At least 32 domestic startups secured nearly $135 million in funding this week, which saw four growth-stage deals and 22 early-stage deals in a significant jump of over 45 per cent from last week. 

Deeptech startups emerged as leader this week as Industrial robotics maker Haber raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital.

Software-as-a-service (SaaS) platform Spry Therapeutics raised $15 million led by Flourish Ventures, Together Fund and Fidelity’s Eight Roads and F-prime Capital.

Cross-border speciality chemical manufacturing platform Mstack raised $40 million in its Series A funding round co-led by Lightspeed and Alphawave along with a debt from HSBC Innovation Banking. Mstack is now planning to make inroads into agrochemicals and pharmaceuticals. With the fresh proceeds, the firm will also hire talents across functions including R&D.

Meanwhile, digital adoption platform (DAP) Whatfix introduced a $58 million liquidity programme for its employees and investors, marking the company’s fourth buyback of employee stock options (ESOPs).

This week, Bengaluru-based startups led with 11 deals followed by Delhi-NCR, Mumbai and Pune. Last week, 21 startups in India raised nearly $93 million in funding across 16 deals, which included four growth-stage deals and 12 early-stage fundings. It was a big drop from nearly $461 million raised by 29 domestic startups in the previous week, which included 10 growth-stage deals.

In the third quarter (July-September), domestic startups raised more than $4 billion, including several transactions over $300 million and $200 million, along with pre-IPO rounds. This included 85 growth and late-stage deals worth $3.3 billion, along with 207 early-stage deals worth $754.26 million.