This week, the Indian startup scene saw a significant boost in funding activities, with investments increasing by about 46% compared to the previous week. Investor enthusiasm remains high, with venture capital flowing into diverse sectors such as fintech, space technology, beauty, and electric vehicles. The week was marked not only by major funding rounds but also by important IPO approvals, mergers and acquisitions, and new fund launches, reflecting a vibrant period for innovation and capital influx.
Among the top funding deals, MoEngage, a company specializing in customer engagement tools, raised $180 million. Digantara, a space technology firm from Bengaluru, secured $50 million to enhance space operations infrastructure. Moxie Beauty, focusing on haircare solutions tailored for Indian conditions, received $15 million in funding. StockGro, a fintech platform offering stock market guidance, attracted $13 million. WorkIndia, which connects workers with employers, raised $10.7 million, while Tagbin, known for immersive tech experiences, garnered $10 million. Oben Electric, specializing in electric motorcycles, secured $9.35 million.
Additionally, Mumbai-based Turtlemint received regulatory approval to launch its IPO, aiming to raise up to INR 2,000 crore. In the realm of mergers and acquisitions, ServiceNow acquired Moveworks, Wingify took over AI startup Blitzllama, and Healthium Medtech gained a controlling stake in Paramount Surgimed Ltd.
