— Between February 10 and 15, Indian startups raised $270.2 Mn across 22 deals, a 116% increase from the $124.6 Mn raised across 21 deals in the previous week

Fintech reaffirmed its dominance in the sector-wise funding trends this week, seeing the highest fund deployment and funding deals materialise

CaratLane’s founder Mithun Sacheti was the most active investor this week, backing BorderPlus and Bold Care

After weeks-long lull in private investments, funding momentum picked up in the world’s third largest startup ecosystem during the second week of the ongoing month. Between February 10 and 15, Indian startups raised $270.2 Mn across 22 deals, a more than 2X jump from the $124.6 Mn raised across 21 deals in the previous week. 

Funding Galore: Indian Startup Funding Of The Week [ Feb 10 – Feb 15 ]

Key Startup Funding Highlights Of The Week

• Fintech reaffirmed its dominance in the sector-wise funding trends this week, seeing the highest fund deployment and funding deals materialise. Seven startups operating in the sector raised $136.2 Mn last week.
• Trailing fintech, enterprisetech and ecommerce segment also saw four deals materialise over the past week with startups in the sectors raising $81.9 Mn and $8 Mn respectively.
• Seven startups at the seed stage raised $10.9 Mn this week, marking a 35% week on week increase of investments in startups at this level.
• CaratLane’s founder Mithun Sacheti was the most active investor this week, backing BorderPlus and Bold Care.

Mergers & Acquisitions This Week

Fund Updates This Week

• PE firm JV Ventures’ Innovation Acceleration Platform (IXP) launched its first fund with a target corpus of INR 200 Cr to invest in early stage startups. It aims to invest in B2B startups at pre-seed to Series A stages to build a portfolio of 20-25 startups.
• Mumbai-based VC firm White Whale Ventures has received SEBI approval to float a Category II Alternative Investment Fund (AIF) secondary deals-focussed fund with a total target corpus of INR 250 Cr.
• VC firm Triton marked the first close of its INR 240 Cr second fund at INR 120 Cr. The firm will invest an average of INR 8 Cr to INR 16 Cr in startups in early stage startups operating in sectors like enterprise SaaS, SMB tech, agentic AI, deeptech and tech-enabled services.

Startup IPO Updates Of The Week

• SEBI returned the draft red herring prospectus (DRHP) of managed office space provider DevX (Dev Accelerator Ltd) on February 5.
• Zetwerk is likely to file its draft papers for an $400-500 Mn IPO in the upcoming six months. It has also reportedly appointed Axis Bank, Goldman Sachs, and Kotak Mahindra as the investment bankers for the IPO.
• Last week, IPO-bound Urban Company converted itself into a public entity, renaming the company from “Urbancalp Technologies India Private Limited” to “Urbanclap Technologies India Limited”.

Other Developments Of The Week

• Inflection Point Ventures announced the launch of the third cohort of its early stage accelerator programme, IPV Ideaschool, to support early stage startups in refining their ideas, developing business models and helping with an initial investment of INR 1 Cr.
• Lahori Jeera’s parent Archian Foods is reportedly nearing the close of INR 400 Cr to INR 450 Cr (about $46-52 Mn) funding round from Motilal Oswal’s private equity arm and other investors.
• Nikhil Kamath-led WTFund has selected nine startups for its second cohort. The selected startups under the second cohort will receive a grant funding of up to INR 20 Lakh.
• Rapido is set to raise about $29 Mn from Prosus, in what seems like its ongoing Series E round. It has sought the approval from its shareholders to issue 47,743 Series E CCPS to Prosus at an issue price of INR 52,467 per share.
• Lending startup Finnable is set to raise INR 30.5 Cr (about $3.5 Mn) in a Series B funding round from investors like TVS Capital and Malpani Group, its regulatory filings showed.

— Between February 10 and 15, Indian startups raised $270.2 Mn across 22 deals, a 116% increase from the $124.6 Mn raised across 21 deals in the previous week

Fintech reaffirmed its dominance in the sector-wise funding trends this week, seeing the highest fund deployment and funding deals materialise

CaratLane’s founder Mithun Sacheti was the most active investor this week, backing BorderPlus and Bold Care

After weeks-long lull in private investments, funding momentum picked up in the world’s third largest startup ecosystem during the second week of the ongoing month. Between February 10 and 15, Indian startups raised $270.2 Mn across 22 deals, a more than 2X jump from the $124.6 Mn raised across 21 deals in the previous week. 

Funding Galore: Indian Startup Funding Of The Week [ Feb 10 – Feb 15 ]

Key Startup Funding Highlights Of The Week

• Fintech reaffirmed its dominance in the sector-wise funding trends this week, seeing the highest fund deployment and funding deals materialise. Seven startups operating in the sector raised $136.2 Mn last week.
• Trailing fintech, enterprisetech and ecommerce segment also saw four deals materialise over the past week with startups in the sectors raising $81.9 Mn and $8 Mn respectively.
• Seven startups at the seed stage raised $10.9 Mn this week, marking a 35% week on week increase of investments in startups at this level.
• CaratLane’s founder Mithun Sacheti was the most active investor this week, backing BorderPlus and Bold Care.

Mergers & Acquisitions This Week

Fund Updates This Week

• PE firm JV Ventures’ Innovation Acceleration Platform (IXP) launched its first fund with a target corpus of INR 200 Cr to invest in early stage startups. It aims to invest in B2B startups at pre-seed to Series A stages to build a portfolio of 20-25 startups.
• Mumbai-based VC firm White Whale Ventures has received SEBI approval to float a Category II Alternative Investment Fund (AIF) secondary deals-focussed fund with a total target corpus of INR 250 Cr.
• VC firm Triton marked the first close of its INR 240 Cr second fund at INR 120 Cr. The firm will invest an average of INR 8 Cr to INR 16 Cr in startups in early stage startups operating in sectors like enterprise SaaS, SMB tech, agentic AI, deeptech and tech-enabled services.

Startup IPO Updates Of The Week

• SEBI returned the draft red herring prospectus (DRHP) of managed office space provider DevX (Dev Accelerator Ltd) on February 5.
• Zetwerk is likely to file its draft papers for an $400-500 Mn IPO in the upcoming six months. It has also reportedly appointed Axis Bank, Goldman Sachs, and Kotak Mahindra as the investment bankers for the IPO.
• Last week, IPO-bound Urban Company converted itself into a public entity, renaming the company from “Urbancalp Technologies India Private Limited” to “Urbanclap Technologies India Limited”.

Other Developments Of The Week

• Inflection Point Ventures announced the launch of the third cohort of its early stage accelerator programme, IPV Ideaschool, to support early stage startups in refining their ideas, developing business models and helping with an initial investment of INR 1 Cr.
• Lahori Jeera’s parent Archian Foods is reportedly nearing the close of INR 400 Cr to INR 450 Cr (about $46-52 Mn) funding round from Motilal Oswal’s private equity arm and other investors.
• Nikhil Kamath-led WTFund has selected nine startups for its second cohort. The selected startups under the second cohort will receive a grant funding of up to INR 20 Lakh.
• Rapido is set to raise about $29 Mn from Prosus, in what seems like its ongoing Series E round. It has sought the approval from its shareholders to issue 47,743 Series E CCPS to Prosus at an issue price of INR 52,467 per share.
• Lending startup Finnable is set to raise INR 30.5 Cr (about $3.5 Mn) in a Series B funding round from investors like TVS Capital and Malpani Group, its regulatory filings showed.