Did Indian startup funding surge to $364 million this week?

Indian startups experienced a significant boost in funding this week, with 30 companies collectively raising $363.9 million in both early-stage and growth-stage investments. This represents a notable increase from the previous week, where 22 startups secured approximately $137.68 million. The majority of this week’s funding, exceeding $300 million, came from nine growth and late-stage deals. The largest funding was achieved by MoEngage, a customer engagement platform, which raised an additional $180 million in its Series F round from ChrysCapital and Dragon Funds, along with Schroders Capital. Following this, spacetech startup Digantara raised $50 million. Other notable startups included Qucev, an electric commercial vehicle company, which secured $15 million, and StockGro, a stock market learning platform, which obtained $13 million. Additionally, startups such as WorkIndia, Oben Electric, Tagbin, Virohan, and Ace Turtle also received funding. Early-stage startups garnered about $62.4 million across 20 deals, with Moxie Beauty, a haircare brand, raising $15 million in a Series A round led by Bessemer Venture Partners. Underneat, a shapewear brand, secured $6 million in a pre-Series A round led by Fireside Ventures. Other early-stage startups like Sisir Radar, Alimento Agro, Elementoz, and Rotoris also attracted capital. Luxury jewellery startup QWEEN received investments from Bollywood actors Aamir Khan and Ranbir Kapoor, though the amount was undisclosed. Bengaluru remained the leading city for startup funding with 15 deals, followed by Delhi-NCR with six. Mumbai, Bhubaneswar, Hyderabad, and Kolkata also saw funding activities. E-commerce startups led the sectors with seven deals, followed by biotech with three. AI, spacetech, electric vehicles, edtech, and SaaS sectors also drew investor interest. In terms of deal stages, Series A, Series B, and seed rounds each recorded six deals, while pre-Series A and pre-seed rounds saw three deals each. Series F and pre-Series B rounds also showed activity. Over the past eight weeks, the average weekly funding has been approximately $308.14 million across about 25 deals.