Indian Startups Raise $296M in Two Weeks, Reflecting Diverse Ecosystem
Over the past week and a half, Indian startups have secured a significant $296 million in funding, with notable deals in sectors ranging from wellness to mobility. This follows a previous week where startups raised over $160 million, led by Chakr Innovation's $23 million round.
Hiranandani Financial Services (HFS) led the pack with a substantial $90 million raise in the Non-Banking Financial Company (NBFC) sector. Meanwhile, lending firm GrowXCD secured $22.53 million. In the mobility space, iGoWise Mobility (iGo) raised $990,000 in a pre-Seed round. The luxury sector saw Art of Time, a luxury watch retailer, raise $19.71 million. For wellness enthusiasts, Ayurveda brand Kapiva raised a notable $60 million. Additionally, AI-native debt marketplace Recur Club raised $50 million in the fintech space.
In international news, Indian travel tech company TBO Tek completed the acquisition of US-based Classic Vacations.
These funding rounds reflect the diversity and vibrancy of India's startup ecosystem, with investments flowing into various sectors. The total funding of over $296 million in just a week demonstrates the confidence investors have in Indian startups.
