SUMMARY
Between January 6 and 13, Indian startups cumulatively raised $432.4 Mn across 20 deals, about 30 times the $14 Mn raised across five deals in the preceding week
The week saw the first mega funding deal materialise for an Indian startup in the form of healthtech unicorn Innovaccer’s $275 Mn Series F fundraise
This week’s most active investor was VC firm Alteria Capital, investing in BrainSightAI’s $5 Mn pre-Series A funding round and Pratilipi’s $1.2 Mn funding round
The Indian startup ecosystem seems to be firing on all cylinders after an initial lull over the past two weeks. Over the past week, the fresh capital infusion in the world’s third largest startup ecosystem went up exponentially to $432.4 Mn across 20 deals, about 30 times the $14 Mn raised by startups in the first week of 2025 via a measly 5 deals.
Funding Galore: Indian Startup Funding Of The Week ( Jan 6 – Jan 11)
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 9 Jan 2025 | Innovaccer | Healthtech | Healthcare SaaS | B2B | $275 Mn | Series F | B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, M12 | – |
| 5 Jan 2025 | OYO** | Travel Tech | Accomodation | B2C | $65 Mn | – | Redsprig Innovation Partners | Redsprig Innovation Partners |
| 9 Jan 2025 | Infinity Fincorp | Fintech | Lendingtech | B2B | $35 Mn | – | Jungle Ventures, Archerman Capital, Magnifico | Jungle Ventures |
| 9 Jan 2025 | GrayQuest | Fintech | Lendingtech | B2B-B2C | $9.3 Mn | Series B | IIFL Fintech Fund, Claypond Capital, Pravega Ventures | – |
| 9 Jan 2025 | Beyond Snack | Ecommerce | D2C | B2C | $8.3 Mn | Series A | 12 Flags Group, NAB Ventures, Japanese VC firm Enrission India Capital, FAAD Network | 12 Flags Group |
| 7 Jan 2025 | EMO Energy | Cleantech | Electric Vehicle | B2B | $6.2 Mn | Series A | Subhkam Ventures, Transition VC | Subhkam Ventures |
| 7 Jan 2025 | Oben Electric* | Cleantech | Electric Vehicle | B2C | $5.8 Mn | Series A | Ambis Holding US, Kuberans Ventures, Karimjee Group, Mission Vertical Capital, Sanjiv Saraf’s family office, Pravek Kalp family office | – |
| 8 Jan 2025 | RAS Luxury | Ecommerce | D2C | B2C | $5 Mn | Series A | Unilever Ventures, Amazon Smbhav Venture Fund | Unilever Ventures |
| 8 Jan 2025 | BrainSinghtAI | Healthtech | Healthcare SaaS | B2B | $5 Mn | pre-Series A | IAN Alpha Fund, IvyCap Ventures, Silver Needle | IAN Alpha Fund |
| 8 Jan 2025 | hBits | Fintech | Investment Tech | B2C | $4.6 Mn | Series A | Capricon Realty | Capricon Realty |
| 9 Jan 2025 | WayCool | Agritech | Market Linkage | B2B-B2C | $4.4 Mn | – | Trifecta Capital, Alteria Capital, Stride Ventures | Trifecta Capital |
| 7 Jan 2025 | Zoplar* | Healthtech | Medtech | B2B | $3.4 Mn | Series A | Blume Ventures, BEENEXT, Saison Capital, Atrium Angels, Finfirst, LogX Ventures | Blume Ventures |
| 8 Jan 2025 | Moonrider | Cleantech | Electric Vehicle | B2B-B2C | $2.2 Mn | Seed | AdvantEdge Founders, Micelio Fund | AdvantEdge Founders, Micelio Fund |
| 7 Jan 2025 | Pratilipi | Media & Entertainment | Digital Media | B2C | $1.2 Mn | – | Alteria Capital | Alteria Capital |
| 10 Jan 2025 | RePut.ai | Enterprisetech | SaaS | B2B | $1 Mn | pre-Seed | GrowthCap Ventures, Vipul Parekh, Abhijeet Kumar, Vishal Jain | GrowthCap Venture |
| 10 Jan 2025 | Quash | Enterprisetech | Horizontal SaaS | B2B | $635K | pre-Seed | Arali Ventures, Java Capital, PeerCheque, DeVC, Abhishek Goyal | Arali Ventures |
| 6 Jan 2025 | Spintly* | Deeptech | IoT & Hardware | B2B | $407K | Seed | Spyre VC | – |
| 6 Jan 2025 | BlackCarrot | Ecommerce | D2C | B2C | – | Seed | We Founder Circle, EvolveX accelerator, Suraj Nalin | We Founder Circle |
| 7 Jan 2025 | Bodmas Technologies | Enterprisetech | Horizontal SaaS | B2B | – | – | Auxano Capital | – |
| 9 Jan 2025 | Revivo | Consumer Services | Hyperlocal Services | B2C | – | pre-Series A | Inflection Point Ventures | Inflection Point Ventures |
| Source: Inc42 *Part of a larger round **Included this week as it was skipped last week Note: Only disclosed funding rounds have been included | ||||||||
Key Startup Funding Highlights Of The Week
- The week saw the first mega funding deal materialise for an Indian startup in the form of healthtech unicorn Innovaccer’s $275 Mn Series F fundraise. On the back of this, healthtech emerged as the most funded startup sector this week. Besides Innovaccer, BrainSinghtAI and Zoplar also raised $5 Mn and $3.4 Mn this week.
- Besides, sectors fintech, cleantech and ecommerce all saw three funding deals materialise this week, leading to fresh capital infusion of $48.9 Mn, $14.2 Mn and $13.3 Mn respectively.
- After months of speculations, Ritesh Agarwal increased his stake in his startup OYO with a capital infusion of $65 Mn via his venture capital firm Redsprig Innovation Partners. This funding round made travel tech the second most funded sector this week.
- This week’s most active investor was VC firm Alteria Capital, investing in BrainSightAI’s $5 Mn pre-Series A funding round and Pratilipi’s $1.2 Mn funding round.
- Seed stage funding zoomed this week to $2.6 Mn, up 225% from the $787K raised by startups at this stage last week.
Funds Launches This Week
- NBFC Avendus launched its third private credit fund with a target corpus of up to INR 4,000 Cr through its asset management arm Avendus PE Investment Advisors.
- Andhra Pradesh chief minister N Chandrababu Naidu launched an Angel fund, ‘Telugu Angels’, dedicated to the state’s entrepreneurs’ bid to scale globally.
Other Developments Of The Week
- Eyewear major Lenskart is said to have initiated talks with bankers for a $1 Bn IPO that could value it in the range of $7 Bn to $8 Bn. Its IPO could hit the Indian bourses toward the end of the next financial year.
- Reserve Bank Innovation Hub (RBIH) in partnership with IIMA Ventures have jointly launched the third cohort of women-focused fintech programme to benefit female entrepreneurs in the country.
- EV startup Zypp is looking to raise $35 Mn from investors like Nuvama Private Wealth and other Southeast Asia-based funds.
- Early-growth technology investor Z3Partners bought a stake worth $8.2 Mn in SaaS startup Mintoak from its early backers HDFC Bank and Pravega Ventures.
- National Association of Software and Services Companies (NASSCOM) has suggested setting up an INR 10,000 Cr fund for early-stage deeptech startups.
- BluSmart will be raising $50 Mn in its Series B funding round at a pre-money valuation of $335 Mn from some of its existing investors including responsAbility Investments AG, Sumant Sinha, MS Dhoni Family Office, among others.
- LEAP India has acquired logistics company CHEP India for an undisclosed amount to solidify its supply chain footprint in the country.
- Beauty and skincare startup WOW Skin Science is said to be on the lookout for a buyer at a reduced valuation of $250 Mn.
- Early-stage VC South Park Commons (SPC) is planning to raise $40 Mn for its India-focused fund over the six months after it entered the South Asian market.
- B2B manufacturing and supply chain enablement startup Groyyo is in talks to raise about $40 Mnprimarily in equity, from Tiger Global and other investors at a valuation of about $200 Mn.
- D2C startup The Whole Truth Foods is in talks to raise around $25 Mn in its Series C funding round at a valuation of $240 Mn from investors Peak XV Partners, Accel Partners, Matrix Partners, Sauce.VC.
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