After a period of sluggish activity, India’s startup scene has made a remarkable comeback. Between September 15 and 20, 23 startups collectively raised $316.6 million, a significant increase from the previous week’s $47.8 million. This surge spanned various sectors, including real estate tech, ecommerce, clean tech, and fintech.
Leading the charge was Infra.Market, which secured $83 million in a Series G funding round, highlighting investor confidence in India’s real estate technology sector. The B2B construction marketplace, backed by major investors such as Tiger Global and Accel, is well-positioned to capitalize on India’s infrastructure boom.
Fintech also saw significant activity, with FinBox raising $40 million in a Series B round led by WestBridge Capital. The Bengaluru-based fintech SaaS startup aims to enhance its partnerships with NBFCs and banks. Additionally, InCred Money secured $30 million, reflecting continued interest in wealthtech platforms.
In the SaaS domain, EvoluteIQ raised $53 million, underscoring the global demand for Indian enterprise-tech products. Meanwhile, the ecommerce sector was the most active in terms of deal count, with six D2C brands collectively raising $53.5 million.
The clean tech sector attracted new investments, with Blue Energy Motors raising $30 million to advance its electric truck initiatives. Other clean tech ventures also secured funding, emphasizing the sector’s growth potential.
AI and space tech startups garnered attention as well, with Scalekit and Pascal AI Labs raising significant funds. Space tech startup SpaceFields secured $5 million, highlighting India’s expanding presence in space technologies.
Seed-stage activity was vibrant, with ten startups raising $23.3 million, demonstrating strong early-stage funding despite global uncertainties.
IPO activities also made headlines, with several startups making significant moves towards public offerings. Additionally, mergers and acquisitions, along with new venture capital initiatives, marked a dynamic week for India’s startup ecosystem.
Overall, the Indian startup landscape experienced a robust resurgence, setting the stage for a promising festive quarter ahead.
