Indian startups raise $102.93 million in funding over the week

• MUMBAI — Indian startups raised approximately $102.93 million across 25 deals, with strong contributions from early-stage and growth-stage companies this week.
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• Bengaluru and Delhi-NCR-based startups led the funding race, with seven deals each, followed by Mumbai and Chennai.
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• The funding came from various sectors, including cleantech, cybersecurity, edtech, and healthtech, signalling a continued interest in innovation and technology in India.
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• Healthtech startups took the top spot with four deals, followed closely by e-commerce and foodtech companies, with each securing three deals.
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• Other sectors, such as media and entertainment, proptech, edtech, Software as a Service (SaaS), and more, also saw multiple funding rounds.

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• Leading the charge in growth-stage funding was Metafin, a cleantech-focused NBFC, which successfully raised $10 million in its Series A round.
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• Other growth-stage startups that attracted attention include QNu Labs, a cybersecurity firm, which secured $7 million, and Kaleidofin, a neobanking startup, which garnered $5 million.
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• Additionally, CollegeDekho, an edtech platform, and Sadhav Offshore, a marine services company, also raised significant funding.
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• In early-stage funding, Kult, a beauty tech and discovery platform, stood out with a $20 million raise, making it the largest early-stage funding deal of the week.
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• Fuze, a SaaS startup, followed with a $12.2 million round. Other notable early-stage startups that secured funding include HexaHealth, a healthtech platform, and Anveshan, a foodtech company.
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• Also among the funding recipients were Stimuler, an AI-driven English learning platform, Mugafi, a content creation platform, and others.
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• Additionally, ekincare, a healthtech startup, and Jamm, an offline social networking platform, raised undisclosed amounts.
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• These deals reflect the strong investor interest across various sectors in India's growing startup ecosystem.
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• Meanwhile, in the previous week, 22 Indian startups secured approximately $112.35 million in funding. The deals included six growth-stage investments and 12 early-stage rounds, while six startups chose not to disclose the details of their funding.