New Delhi, Dec 21 (SocialNews.XYZ) Indian startups saw a strong jump in funding activity this week, with 30 companies raising a total of $363.9 million across early-stage and growth-stage deals.
This marked a sharp rise compared to the previous week, when 22 startups had raised around $137.68 million.
Growth and late-stage funding dominated the week, crossing the $300 million mark through nine deals.
The biggest raise came from customer engagement platform MoEngage, which secured an additional $180 million as part of its Series F round from ChrysCapital and Dragon Funds, along with Schroders Capital.
This was followed by spacetech startup Digantara, which raised $50 million.
Electric commercial vehicle startup Qucev raised $15 million, while stock market learning platform StockGro secured $13 million.
Other startups such as WorkIndia, Oben Electric, Tagbin, Virohan and Ace Turtle also raised funds during the week.
Early-stage startups raised about $62.4 million through 20 deals. Haircare brand Moxie Beauty raised $15 million in a Series A round led by Bessemer Venture Partners.
Shapewear brand Underneat secured $6 million in a pre-Series A round led by Fireside Ventures.
Other startups such as Sisir Radar, Alimento Agro, Elementoz and Rotoris also raised capital.
Luxury jewellery startup QWEEN raised funding from Bollywood actors Aamir Khan and Ranbir Kapoor, though the investment amount was not disclosed.
City-wise, Bengaluru continued to lead the startup funding scene with 15 deals, followed by Delhi-NCR with six deals.
Startups in Mumbai, Bhubaneswar, Hyderabad and Kolkata also closed funding deals during the week.
By sector, e-commerce startups led with seven deals, followed by biotech companies with three deals.
Startups in AI, spacetech, electric vehicles, edtech and SaaS also attracted investor interest.
In terms of deal stages, Series A, Series B and seed rounds recorded six deals each.
Pre-Series A and pre-seed rounds saw three deals each, while Series F and pre-Series B rounds also witnessed activity.
Over the last eight weeks, the average weekly funding stands at around $308.14 million across about 25 deals.
Source: IANS
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