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In a major boost to the country's startup ecosystem, Indian startups collectively secured $585.71 million in funding this week—more than five times the $102.93 million raised the previous week. The sharp increase highlights renewed investor confidence in the growth potential of India’s tech and innovation-driven businesses.
The bulk of this week’s capital went to growth-stage startups, led by logistics and mobility platform Porter, which raised a massive $200 million in its Series F round. The investment, spearheaded by Kedaara Capital and Wellington Management, has reportedly propelled Porter into the coveted unicorn club.
Other key growth-stage deals included automotive technology company Routemotic, which closed a $40 million Series C round, and interior design startup Flipspaces, which secured $35 million, led by venture capital firm Iron Pillar.
Several other startups also attracted sizeable investments, including Celcius Logistics, foodtech brand The Good Bug, and athleisure e-commerce startup Blissclub.
On the early-stage front, 20 startups together raised $263.41 million, with PB Healthcare making headlines by securing a $218 million seed round from General Catalyst—one of the largest early-stage investments in recent memory. Other notable early-stage recipients include robotics firm Posha, edtech platform Footprints, spacetech startup InspeCity, commercial vehicle marketplace 91Trucks, and property tech company Alt DRX.
Geographically, Delhi-NCR led the funding tally with 11 deals, closely followed by Bengaluru with 10 deals. Startups based in Mumbai and Chennai also featured prominently, reflecting a strong nationwide entrepreneurial pulse.
Sector-wise, healthtech startups emerged as the top draw for investors, clinching four deals. Logistics and foodtech followed with three deals each, while companies in automotive, artificial intelligence, home décor, and robotics also secured interest.
This week’s surge in funding underscores a broader trend of growing capital inflows into Indian startups, particularly those with strong fundamentals and scalable models. With both early- and growth-stage startups attracting attention, industry watchers say this could mark the beginning of a robust second half for venture investment in India.
(Source: IANS)
