At least 25 Indian startups successfully raised more than $176 million in funding this week. This funding came through a mix of five growth-stage investments and 15 early-stage deals, indicating continued confidence in India’s startup ecosystem. Startups play a key role in driving innovation, boosting the economy, and solving real-world problems, making them essential to India’s future growth.
Key Growth-Stage Funding Highlights
- Euler Motors – The electric vehicle (EV) manufacturer raised $60 million (approximately Rs 525 crore) from Hero MotoCorp, one of India’s largest two-wheeler manufacturers. As part of the deal, Hero MotoCorp’s Board of Directors approved this investment, which gives the company a 32.5% stake in Euler Motors on a fully diluted basis.
- Nivara Home Finance – This housing finance company raised Rs 245 crore in its Series B funding round. The round was led by True North, a private equity firm, with additional participation from existing investors like Baring PE India and Nivara’s promoters.
- Pilgrim – The direct-to-consumer (D2C) beauty and personal care brand secured $23 million to further expand its product line and scale operations.
- Protectt.ai – A cybersecurity startup focused on mobile app fraud prevention raised Rs 76 crore in its Series A funding round, led by Bessemer Venture Partners.
- Navadhan – The fintech startup, which works on providing financial access to underserved communities, raised $12.8 million in funding.
Funding Trends and Startup Ecosystem Insights
Over the past eight weeks, the average weekly startup funding in India stood at around $254 million, with approximately 25 deals closed each week. This reflects a robust investment environment despite global economic uncertainties.
New Fund Launch by Venturi Partners
In addition to startup funding, Venturi Partners, a prominent growth-stage investor in India and Southeast Asia, announced the launch of its second fund. This new fund is targeting $225 million, with a hard cap of $250 million, and aims to back innovative consumer brands that are creating products and services designed for evolving Asian markets.
Notable Acquisitions This Week
- PayU acquired a 43.5% stake in Mindgate Solutions, a company specializing in real-time payments technology.
- Unicommerce, an e-commerce SaaS company, approved the 100% acquisition of Shipway, a logistics and shipping solutions provider, as part of its efforts to strengthen its service offerings.
Funding Surge Last Week
Last week, the Indian startup ecosystem saw even greater momentum, with 19 startups collectively raising approximately $462.27 million in funding, further highlighting the sector’s growing strength.
Conclusion
The funding landscape in India remains dynamic, with investors showing keen interest in both early-stage and growth-stage startups across diverse sectors like EVs, fintech, beauty and personal care, and cybersecurity. As India’s startup ecosystem continues to thrive, it is helping reshape the global tech and business landscape.
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