Substantial funding surge for Indian startups as 36 companies raise $628 million this week
Leading this funding surge is the edtech enterprise Physics Wala (PW), which raised an impressive $210 million during its Series B funding round.
A total of 36 Indian startups successfully secured $628 million in funding this week, reflecting a remarkable increase of 174.5 per cent compared to the previous week. Leading this funding surge is the edtech enterprise Physics Wala (PW), which raised an impressive $210 million during its Series B funding round. This infusion of capital elevates the company’s valuation to $2.8 billion, with notable contributions from esteemed investors such as Lightspeed Venture Partners, alongside existing backers GSV and Westbridge.
In total, the week featured 14 growth-stage transactions as well as 17 early-stage agreements, signalling a continued positive trend in investments within the country. A report by Entrackr indicated that Whatfix, a provider of digital adoption solutions, garnered $100 million; however, the company has yet to publicly announce this funding event.
Additionally, other significant funding rounds include $50 million received by M2P Fintech, an API infrastructure platform, while Radcliffe, an omnichannel diagnostic service provider, secured $42 million. Digital infrastructure firm IBUS followed suit with $34 million in funding. Furthermore, Everest Fleet, a fleet management company, obtained $30 million aimed at expanding its fleet of clean energy vehicles, which encompasses CNG and electric options.
The funding momentum continued with Vahan.ai, an AI-driven recruitment platform, announcing a funding round of $10 million led by Khosla Ventures, which will be utilised to enhance AI recruitment technology for eight prominent Indian languages.
Bengaluru emerged as a leading hub, housing the majority of the deals with 12 transactions, while Delhi-NCR, Mumbai, Chennai, and Hyderabad contributed significantly to the overall activity.
In contrast to last week, when 24 domestic startups garnered over $229 million—featuring six growth-stage deals worth a cumulative $182.65 million—this week witnessed 13 early-stage agreements amounting to $46.14 million. The average funding over the past eight weeks has been approximately $93 million, with a consistent weekly flow of around 28 deals.
Such substantial investment activity underscores the robust environment for startups in India, highlighting their potential to innovate and drive economic growth.
