New Delhi
The Indian startup ecosystem witnessed a significant surge in funding this week, with 36 startups raising over $628.24 million, marking a 174.5% increase from the previous week. The funding momentum was led by edtech company Physics Wallah (PW), which secured $210 million in its Series B funding round, bringing the company’s valuation to $2.8 billion. The round was led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge.
The week saw 14 growth-stage and 17 early-stage deals, reflecting a positive investment climate. Notably, SaaS-based company Whatfix raised $100 million, although it has yet to publicly announce the funding. API infrastructure platform M2P Fintech secured $50 million, while omnichannel diagnostics provider Redcliffe raised $42 million. Digital infrastructure company iBUS received $34 million.
Fleet management firm Everest Fleet raised $30 million as part of its $50 million Series C funding round, aimed at expanding its fleet of CNG and electric vehicles. Vahan.ai, an AI-powered recruitment platform, raised $10 million in its Series B round, led by Khosla Ventures, to further develop its technology supporting major Indian languages.
Bengaluru-based startups led the funding race with 12 deals, followed by startups from Delhi-NCR, Mumbai, Chennai, and Hyderabad. Last week, 24 domestic startups raised more than $229 million, including six growth-stage deals worth $182.65 million and 13 early-stage deals totaling $46.14 million.
