Indian startup ecosystem witnessed another week of active fundraising, with a total of 21 startups securing approximately $105 million in funding across various stages of growth. According to the latest report by Entrackr, this week's funding activity comprised six growth-stage deals and 12 early-stage deals. Notably, one growth-stage and two early-stage startups opted not to disclose their funding amounts.
In total, around $172.71 million was raised collectively by 30 startups in both early and growth stages in the preceding week. Among the growth-stage deals, six startups managed to raise $54.5 million, with the compliance automation platform Sprinto leading the pack with a substantial funding of $20 million. Following closely were Recykal, a B2B waste management and recycling marketplace, AVIOM HFC, Axio, and 5C Network, securing $13 million, $10 million, $6 million, and $3 million respectively.
On the early-stage front, 12 startups collectively secured $50 million in funding during the same period. Neysa, an artificial intelligence cloud and platform-as-a-service startup, emerged as the top fundraiser, trailed by GTM Buddy, Planys Technologies (offering underwater visual inspection services), Butterfly Learnings (focused on pediatric behavioral and developmental health), AutoNxt Automation (an electric mobility platform), EyeMyEye (a full-stack eyewear platform), Age Care Labs (offering elder care solutions), and PlatinumRx (a healthcare startup), among others.
City-wise distribution of funding deals showcased Bengaluru-based startups leading the charge with 8 deals, followed by Mumbai, Delhi-NCR, Chennai, Kanpur, and Hyderabad, reflecting the widespread geographical presence of India's burgeoning startup landscape.
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