Last week, Indian startups showed their strength and potential, with 26 startups raising over USD 239 million in funding. This included nine growth-stage deals and 15 early-stage deals, proving the startups’ diverse and thriving nature.

Two early-stage startups should have disclosed their funding amount, according to Entrackr.

From May 6 to May 11, about 24 early and growth-stage startups collectively raised nearly USD 320 million in funding.

Among the growth-stage deals, seven startups secured around USD 207.2 million in funding last week. This capital infusion will undoubtedly fuel their growth and innovation. 

Annapurna Finance, a microfinance firm, secured the highest budget of USD 72 million, significantly boosting its operations.

Following closely behind were battery tech startup Battery Smart, Propelld, which provides education loans via online channels, and ambulance service provider Red.

Dhaksha, a company focusing on health and manufacturing drones for agriculture, defence, and enterprise sectors, raised USD 45 million, USD 25 million, USD 20 million, and USD 18 million, respectively.

Moreover, 15 early-stage startups secured funding worth USD 32.5 million last week.

Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, topped the list. 

It was followed by Matel, a mobility and energy solutions startup; OTPless, an authentication and access management platform; Highperformr.ai, a marketing SaaS (software-as-a-service) platform; and Stupa Sports, a sports tech company.

The list of early-stage startups also includes Duro Green and Trezi, which still need to disclose their funding.

Regarding location, funding activities were spread across various cities, showcasing the widespread nature of the Indian startup ecosystem.

Bengaluru-based startups led with nine deals, followed by Delhi-NCR, Chennai, Mumbai, Hyderabad, Ahmedabad, and Bhubaneswar.