Daijiworld Media Network - Mumbai
Mumbai, May 4: Indian startups had a strong fundraising week, collectively pulling in $102.93 million across 25 deals, underscoring robust investor confidence across both early- and growth-stage ventures.
Startup hubs Bengaluru and Delhi-NCR dominated activity, each recording seven deals, while Mumbai and Chennai followed closely behind as active investment destinations.
The funding influx spanned a diverse set of industries, with healthtech emerging as the week's frontrunner, clocking four deals. E-commerce and foodtech sectors trailed closely with three deals each, while cleantech, edtech, proptech, media, entertainment, and SaaS also attracted notable investor interest.
In the growth-stage segment, the standout performer was Metafin, a cleantech-focused non-banking financial company (NBFC), which raised $10 million in a Series A round. It was followed by QNu Labs, a quantum cybersecurity company, which secured $7 million, and Kaleidofin, a neobanking platform, with $5 million.
Other significant growth-stage participants included CollegeDekho (edtech) and Sadhav Offshore (marine services), both of which reported fresh capital infusion.
The early-stage scene saw its largest transaction in Kult, a beauty tech discovery platform, which secured $20 million, making it the highest early-stage funding round of the week. Fuze, a SaaS startup, raised $12.2 million, followed by HexaHealth (healthtech) and Anveshan (foodtech), which also clinched new funding.
Startups like Stimuler (AI-powered English learning), Mugafi (content creation), ekincare (healthtech), and Jamm (offline social platform) also joined the list of funded ventures, with some not disclosing specific figures.
This week’s funding marks a slight dip from the $112.35 million raised last week across 22 deals, yet reflects sustained investor appetite and the vibrancy of India's startup ecosystem. The trend continues to show that innovation across health, fintech, SaaS, and deeptech remains a magnet for venture capital.