Indian Startups Secure $146M in Surge of Late-Stage Funding
Indian startups have witnessed a remarkable surge in funding, with a total of $146 million secured in a single week. This significant leap, compared to previous weeks, has brought new energy to the Indian startup ecosystem, particularly in late- and growth-stage rounds.
The funding activity was led by several notable deals. Infra.Market raised ₹732 crore (about $83 million) in a round led by prominent investors including Nikhil Kamath, Silverline Homes, Tiger Global, Accel, and Evolvence India. Meanwhile, Blue Energy Motors secured $30 million from Nikhil Kamath and Omnitex Industries. SpaceFields, a spacetech company, received about $4.7 million in a strategic funding round led by Globaz Technologies Pvt Ltd, with participation from several other investors. FinBox bagged $40 million with backing from WestBridge Capital, A91 Partners, and Aditya Birla Ventures. EcoSoul Home closed a $20 million round with support from Accel and other investors. Indkal Technologies also raised $20 million in a Series B bridge round from existing investors. These deals, crossing the $80 million mark, defined the week's funding landscape.
Collectively, Indian startups raised $245 million across 19 deals during September 13-19. This significant increase in funding, compared to the subdued VC inflows since July, signals a renewed interest in the Indian startup ecosystem. The late- and growth-stage bets indicate a vote of confidence in the sector's potential for future growth and innovation.
