New Delhi, March 29 (IANS). The domestic startup ecosystem raised over $ 150 million this week, showing a strong growth in the current financial year. In the last week of March, 23 Indian startups raised a total of $ 150 million, including five development-phase and 17 early-deals. The number of funding deals during the week was 16.
India’s largest model portfolio platform smallcase raised $ 50 million in its series de funding round, including both primary and secondary investment. It was led by Eleve 8 Venchary Partners, with new and current investors participation.
Around 17 initial-phase startup raised a total of $ 54.09 million and Fintech Startup Ebound took the lead in a $ 14 million round. According to the segment, Fintech Startup topped with 6 deals.
Delhi-NCR-based startups gained an edge with eight deals, following Bengaluru, Mumbai, Hyderabad and Chennai.
In the first quarter of 2025, domestic tech startup raised $ 2.5 billion, showing an increase of 13.64 percent from the previous quarter and 8.7 percent from the same period last year.
The late-stage round saw a total funding of $ 1.8 billion in the first quarter of 2025, with an increase of 38.46 percent compared to $ 1.3 billion in the fourth quarter of 2024 and an increase of 114.54 percent in the first quarter of 2024 as compared to $ 839 million.
According to the major market intelligence platform Traxon, Delhi -based tech startups took 40 percent of all funding records by tech companies across India. This was followed by Bengaluru, which was 21.64 percent stake.
The government said this week that 217 incubators have been selected with a total sanctioned funding of Rs 916.91 crore till 31 January under the Startup India initiative. According to DPIIT recent data, India currently has around 1.59 lakh startups.
-IANS
SKT/ABM