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STARTUPS

21 Indian Startups Secures Around $187 Million Funding Last Week 

After this round, SarvaGram has raised a total of Rs 950 crore in capital.

The Indian startup ecosystem have raised substantial $187 million in funding this week that four growth-stage and 13 early-stage deals. 

Between October 21-26, 21 domestic startups collectively raised $187 million across 10 deals. The prior week saw 39 early and growth-stage startups secure around $450 million in funding.

This week, Singapore’s sovereign wealth fund Temasek added $60 million to its investment in edtech platform Upgrad.

Healthtech platform Healthify announced a $45 million round led by Khosla Ventures and LeapFrog Investments, with new backing from Claypond Capital, bringing Healthify’s total equity raise to approximately $125 million.

Dairy tech startup Stellapps Technologies raised $26 million in Series C funding through equity and debt, with participation from Blume Ventures, Omnivore, the Bill and Melinda Gates Foundation, IDH Farmfit Fund, 500 Startups, and Blue Ashva Capital.

Direct-to-consumer luggage brand Zouk secured $10 million in a Series B round led by Aavishkaar Capital, with contributions from existing investors such as Stellaris Venture Partners, Titan Capital, Sharrp Ventures, and JJ Family.

Generative AI startup Neysa closed $30 million in Series A funding, co-led by NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners, following a $20 million seed round earlier this year.

Additionally, workplace tech provider Oliod raised $6 million from Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, and Carya Ventures.

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

The average weekly funding over the last eight weeks is approximately $315.51 million.

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