India’s startup ecosystem continues to thrive, with a total of $216.19 million raised by 21 startups this week, according to data compiled by Innovent Blog, your go-to platform for startup funding news, innovation updates, and founder insights.
Growth-Stage & Late-Stage Deals
This week saw a significant chunk—$193.26 million—flow into growth and late-stage startups. Leading the charts was Syfe, a wealth management platform, which raised $80 million in a Series C round. D2C fashion brand Snitch followed with a $40 million Series B led by 360 One Asset. Meanwhile, B2B e-commerce platform Udaan topped off its Series G round by adding $39 million, bringing its total raise in the round to $114 million.
Other notable recipients in the fintech and consumer segments included Stable Money, LoanTap, Decentro, and Plush, a feminine care brand.
Early-Stage Funding
A total of $22.93 million was raised by 12 early-stage startups. An education loan marketplace topped this segment with a $5.8 million Series A round. Other startups securing early capital included:
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Stride Green (Climate Tech)
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True Diamond (Wellness)
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Naagin (Foodtech)
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Spense (Fintech)
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Gully Labs (Sneaker Brand)
ServeClub, a pickleball gear brand, and AVPL International, a drone tech startup, also raised funds but kept the figures undisclosed.
City and Segment Analysis
Bengaluru led with 10 funding deals, followed by Delhi-NCR with 6. Startups from Mumbai, Pune, and Chennai also secured capital. Fintech emerged as the most-funded sector with 6 deals, followed by e-commerce (4 deals), and others spanning foodtech, healthtech, climate tech, and AI.
India’s startup Funding Stages
Seed rounds dominated the week with 8 deals, followed by Series B, Pre-Seed, Pre-Series A, and Series C rounds. Funding levels remained stable week-on-week, reflecting a consistent appetite from investors.
India’s Startup Key People Moves
Six significant leadership changes were reported:
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Probo hired Shimal Kapoor as Head of Policy.
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Bessemer Venture Partners welcomed Pankaj Mitra as Partner.
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Simplilearn reappointed Jitendra Kumar as CTO.
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Steptrade Share Services brought Kamal Bansal on board.
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A senior executive exited Zepto to join Apollo Brands.
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Vivek Gupta, CTO at CoinDCX, stepped down after five years.
India’s startup Mergers & Acquisitions
DeHaat acquired NEERX to integrate real-time weather and soil analytics into its agri-tech services. Nazara Technologies completed its acquisition of Smaaash Entertainment through the NCLT resolution process.
Fund Launches
Noteworthy new funds announced include:
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HealthKois with a target of $300 million.
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Inflexor Ventures aiming for $150 million Fund III.
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VNTR, a global network, launching a $5 million India-focused fund.
IPO Buzz & Upcoming Deals
Startups like Lenskart, Capillary Technologies, and Moneyview are preparing for IPOs. Meanwhile, Vecmocon, Scaler, Bloom Hotels, Handpickd, and Pepperfry are reportedly raising new rounds.
Stay informed about funding trends, startup news, and founder insights on the Innovent Blog — your reliable source for all things startup.