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Indian startups receive more than $265 million in funding across 16 deals this week.

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This week, the Indian startup ecosystem maintained its robust momentum, raising over $265 million across 16 deals. The highlight was Bluestone, an omnichannel jewelry startup, which secured $107.2 million in its pre-IPO round. In fintech, Aye Finance obtained a $25 million loan from Goldman Sachs (India), and Axio, a lending startup, raised $20 million from the Amazon Smbhav Venture Fund to fuel its expansion.

The e-commerce sector was particularly active, leading the way with $148.7 million raised across four deals. Livpure, a domestic water purifier brand, attracted Rs 208 crore from M&G Investments and an additional Rs 25 crore from Ncubate Capital Partners. Other notable deals include $25 million for D2C ice cream brand Hangyo, and $9 million each for MSMEs-focused fintech startup FlexiLoans and D2C luggage brand Uppercase.

Thirteen early-stage startups collectively secured $53.46 million, with Even and Zoff among the top recipients. This week's activity, however, reflects a decrease from the previous week when the ecosystem saw $395 million raised across 20 deals—a remarkable 350% increase from the week before.

July saw Indian startups raising $1.03 billion, boosted by the government's removal of the angel tax on foreign investors in the Union Budget 2024-25. This follows the $1.93 billion raised in June.

Bengaluru and Delhi-NCR-based startups dominated this week's funding, each with seven deals. Titan Capital Winners Fund, backed by Kunal Bahl and Rohit Bansal, successfully closed its target corpus of Rs 200 crore, aimed at follow-on investments in breakout companies from its seed portfolio, using data-driven insights.

Since 2016, the Indian government has recognized 1,40,803 startups and implemented over 55 regulatory reforms to enhance the ease of doing business, access to capital, and reduce compliance burdens for startups.


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