The Indian startup scene is still growing at a regular rate; this week, thirty of them raised almost $287 million in funding.
According to a Saturday Entrackr report, this comprised 20 early-stage deals and six growth-stage deals.
“One growth and three early-stage startups kept their transaction details undisclosed,” according to the report.
About $307.8 million was raised by 27 startups last week, comprising 17 early-stage and 7 growth-stage businesses.
With 11 agreements, Delhi-NCR-based businesses received the most funding, followed by Bengaluru with 10.
With $80 million raised in a fresh funding round from Teachers’ Venture Growth (TVG), the late-stage venture and growth investing arm of Ontario Teachers’ Pension Plan, B2B SaaS fintech business Perfios led the funding and became India’s second unicorn of 2024.
Series B funding totaling $54 million (Rs 450 crore) was obtained by lithium-ion battery pack manufacturer Lohum from various investors, including Singularity Growth, Baring Private Equity, Cactus Venture Partners, and Venture East.
The Series A investment round for healthtech startup Sugar.fit brought in an extra $5 million, for a total of $16 million in funding.
Cureskin, an AI-powered dermatology platform, raised $20 million in its Series B financing. In its inaugural investment round, Kimbal Technologies, a smart metering firm, raised $5 million in expansion capital.
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