New Delhi, Sep 21 (IANS) 36 Indian startups raised $628 million in funding this week, up 174.5 per cent from the previous week.
This funding is led by edtech company Physics Wala (PW). They have raised $210 billion in the B funding round. With this, the net worth of the company has increased to $2.8 billion, with significant participation from Lightspeed Venture Partners and existing investors GSV and Westbridge.
This week saw 14 growth-stage deals and 17 early-stage deals amid positive investment in the country. According to a report by Entrackr, digital adoption solutions provider Whatfix raised $100 million. However, the company has not yet made the funding public.
Apart from this, API infrastructure platform M2P Fintech raised $50 million. At the same time, omnichannel diagnostic service provider Radcliffe received funding of $42 million. Not only this, digital infrastructure company IBUS has received funding of $34 million.
Fleet management company Everest Fleet received $30 million in funding to expand its fleet of clean energy vehicles, including CNG and electric vehicles (EVs).
Also, Vahan.ai, an AI-powered recruitment platform, has announced $10 million in funding led by Khosla Ventures. The amount will be used to develop AI recruitment technology to support eight major Indian languages.
Bengaluru-based startups led the pack with 12 deals this week, followed by Delhi-NCR, Mumbai, Chennai and Hyderabad.
Last week, 24 domestic startups raised over $229 million, including six growth-stage deals worth $182.65 million. This week saw 13 early-stage deals worth $46.14 million.
The average funding over the past eight weeks has been around $93 million, with 28 deals per week.
–IANS
FM/ABM
