24 Indian startups raised more than $320 million in funding this week. 24 Indian startups, including 13 early-stage deals and seven growth-stage deals. Other four early-stage startups did not disclose the raised amount, according to a report by Entrackr.
Among these twenty-four startups, seven startups raised a funding amount of $287 million this week. Data and AI governance company Atlan led the list of growth-stage deals with over $150 million in fund amount, followed by dialysis Chain NephroPlus with $102 million in capital. Shared electric mobility startup GreenCell Mobility reported $36.7 million, K12 Techno Service $27 million, and lending firm Lendingkart reported $10 million in capital.
Atlan is a data collaboration software startup that aims to seize the opportunity from large corporations that want to make their databases suitable for artificial intelligence. It led the list for this week with $150 million in funds. The second startup, which raised over $102 million in the capital, is NephroPlus, which is the largest provider network of dialysis services in India, with 75 centers in 50 cities in 15 states. Its centers are located in large metropolitan areas and underserved, small cities.
Early-stage deals had 13 startups with funding of $33 million during this week. The list includes Poshn, a wholesale buying and selling platform, Parseable, Cornext, and the fodder ecosystem to support dairy cattle farmers. Some of the leading startups like ICON, Atomgrid, Eternz, Knit, and Treacle also raised funding during the week. If we look state-wise, the Bengaluru-based startup led the list with nine secured deals, followed by five startups from Delhi-NCR, three from Mumbai, two startups from Hyderabad, and one each from Indore, Gandhinagar, and Kolkata.
Most of these startups were from e-commerce and SaaS, followed by agritech Startups like Ecozen. Ecozen is a climate-tech startup working on solar-powered irrigation and cold chain systems. Coromandel International previously increased its stakes in the startup by an additional investment of Rs 24 crore. This amount has made Coromandel the shareholder of 5.54% in Ecozen. The list further
extends with AI, tech, food tech startups, and more. Every week, startups had a marginal 6.5% drop compared to the previous week, going from $341.5 to $320 million.
Conclusion:
This week, Indian startups raised over $320 million in funding, with seven growth-stage deals and 13 early-stage deals. Among the growth-stage deals, Atlan, a Data and AI governance startup, secured the highest budget of $105 million. Other notable investments include NephroPlus, GreenCell Mobility, K12 Techno Services, and Lendingkart. Early-stage deals had 13 startups with financing of $33 million during this week.
The list includes Poshn, a wholesale buying and selling platform, Parseable, Cornext, and the fodder ecosystem to support dairy cattle farmers. Some of the leading startups like ICON, Atomgrid, Eternz, Knit, and Treacle also raised funding during the week. Bengaluru is leading the charge with nine secured deals, followed by other major cities.
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