Diabytes
Indian startups News
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The developments in Indian startup ecosystem indicates a phase of disciplined growth as funding increases across sectors and cities.
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Addressing a conference, Dr. Jitendra Singh emphasized that in the past 11 years, the Modi government has built its governance around four key pillars — the Poor, Farmers, Youth, and Women.
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The Transportation and Logistics Tech sector saw a strong recovery, raising $1.6 billion, a 104 per cent increase from $799.3 million in H2 2024.
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The median round size in Bengaluru was $2 million. Mumbai entrepreneurs also saw significant funding, with $102 million raised, but with a higher median round size of $5 million.
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The average startup funding over the past eight weeks has remained at around $308.3 million with 26 deals per week, as per industry data.
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TrueFoundry, a leading AI deployment and scaling platform, raised $19 million in Series A funding, led by Intel Capital.
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According to Entrackr's report, in a growth-stage deal, building material platform Infra.Market has raised $125 million in a Series F round.
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The country now has more than 1.59 lakh startups, recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).
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According to the ‘Indian Startup Ecosystem Report’ by Startup India, India’s startups have leveraged emerging technologies such as artificial intelligence (AI), blockchain, and IoT to solve local and global problems.
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FirstCry's operating income in FY24 was Rs 6,480 crore and the company suffered a loss of Rs 321.5 crore during this period.
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MSME-focused digital lender NeoGrowth raised up to Rs 42 crore (nearly $5 million) in debt funding from UTI International Wealth Creator.
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Dairy technology startup Stellapps Technologies raised $26 million in series C funding in a mix of equity and debt.
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This week saw 12 growth-stage and 16 early-stage deals.
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Bengaluru-based startups led with 11 deals followed by Delhi-NCR, Mumbai and Pune. Last week, 21 startups in India raised nearly $93 million in funding across 16 deals, which included four growth-stage deals and 12 early-stage fundings.
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In the third quarter (July-September), domestic startups raised more than $4 billion, including several transactions over $300 million and $200 million, along with pre-IPO rounds.
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In August, startups raised about $1.6 billion across 112 deals, which included 27 growth-stage deals worth $1.32 billion and 71 early-stage deals worth $267 million.
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Indian startups raised $1.03 billion as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors. Indian startups raised $1.93 billion in funding in June
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Compliance automation platform Sprinto secured the highest amount of funding of $20 million.
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Ola Electric, led by Bhavish Agarwal, secured the highest amount of debt funding of $50 million.
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Among the growth-stage deals, nine startups raised 420.35 million dollars in funding last week
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