30 Indian startups raised over $172 million in funding last week

Indian startups raised over $172.71 million in funding last week, with 30 startups securing investments. Among them, Ola Electric led with $50 million in debt funding. 17 early and growth-stage startups collectively raised $125.73 million, with Bengaluru leading in funding deals.

According to Entrackr, 8 growth-stage startups secured $130.1 million in funding. This included SingleInterface, NBFC Infinity Fincorp, Nivara Home Finance, Innoviti, and M2P Fintech. Additionally, 16 early-stage startups raised $42.61 million, with Traya, BeepKart, SiftHub, Planys, and Metalbook among the top recipients.

The report mentioned that “as many as six early-stage startups did not disclose the amount raised.” The funding deals were spread across various cities, with Bengaluru leading with 11 deals followed by Mumbai, Delhi-NCR, Chennai, and Hyderabad. The funding activity showcases the continued investor interest in the Indian startup ecosystem, despite the ongoing challenges.