Indian startups made 22 deals from 7th October to 12th October. The amount raised from these deals was around $114 million in funding this week. The total financing increased by 32 percent compared to the previous week. Funding activity increased in India’s startup ecosystem this week as the number went from last week’s $86.4 million raised across 16 deals to $114 million across 22 deals.
The deep tech startup, Haber topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $45.4 million across three deals. Haber secured $38 million in its fresh funding round from Accel India, Creaegis, and other investors.
The company develops and offers manufacturing process analytical solutions for industrial sectors. Spy Therapeutics led the health tech sector with $15 million raised during its funding round from Flourish Ventures, F Prime Capital, and Together Fund. Another health tech startup Dezy secured $6 million from Alpha Wave, Peak XV, and Chiratae Ventures.
The seed funding increased this week as it went up from last week’s $1.9 million to this week’s $17.8 million. Enterprise tech startups secured the most deals and raised $7.2 million across four deals. The deep tech sector emerged as the second favorite of investors this week as it raised $45.4 million across three deals.
The clean tech sector also reported the same number of deals and raised $12.9 million. Urja Mobility, the electric vehicle manufacturing startup secured $12 million during its pre-series A funding round from Hindon Mercantile Limited, Mufin Green Finance Limited, and others.
Most of these startups were from deep tech, enterprise tech, and health tech sectors followed by clean tech, fintech, and e-commerce startups like Millenium Babycares. Other major deals this week include. A deep tech startup, XDLINK raised $7 million from Mana Ventures, E2MC, and Ashish Kacholia during its seed funding round with the participation of other investors.
The Agritech startup Bio Prime raised $6 million in funding this week, as it raised $6 million in its series A funding round from Omnivore, Edaphon, and others. Swara Finance led the list in the fintech sector with $2.3 million raised in its series A funding round from Unitus Capital, Sumit Ranjan, Dev Verma, Piper Serica, and others.
Conclusion :
22 deals were made by Indian startups from October 7th to October 12th securing over $114 million in funding. Haber secured the biggest amount with $38 million raised in its fresh funding round it dominated the funding trend in the deep tech sector. Other notable investments include Spry Therapeutics which had the highest fundraising in the health tech sector with $15 million in its fresh funding round.
Most of these startups were from the enterprise tech, deep tech, and health tech sectors followed by e-commerce startups like Millenium Bbaycares which raised $14.5 million in its funding round from Pantamoth Capital. Enterprise tech startups had the highest number of deals and raised $7.2 million from four deals.
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