Indian startups continued their steady fundraising pace this week, with 30 startups securing approximately $287 million in the country. According to a report by Entrackr, this comprised of six growth-stage deals and 20 early-stage deals. Notably, one growth and three early-stage startups chose to keep their transaction details undisclosed.
In the previous week, 27 startups had collectively raised about $307.8 million, with 17 early-stage and seven growth-stage companies participating in the funding rounds.
Delhi-NCR-based startups dominated the funding landscape with 11 deals, closely followed by Bengaluru with 10 deals.
A significant highlight of the week's funding activities was B2B SaaS fintech company Perfios, which emerged as India's second unicorn of 2024. Perfios raised an impressive $80 million in a new funding round led by Teachers’ Venture Growth (TVG), a late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan.
Meanwhile, Lohum, a prominent lithium-ion battery pack maker, secured $54 million (Rs 450 crore) in series B funding from investors such as Singularity Growth, Baring Private Equity, Cactus Venture Partners, and Venture East.
Healthtech startup Sugar.fit also made waves by raising an additional $5 million in its Series A funding, bringing its total funding to $16 million.
Other noteworthy funding rounds included AI-driven dermatology platform Cureskin, which secured $20 million in its Series B funding, and smart metering company Kimbal Technologies, which obtained $5 million in growth capital in its inaugural funding round.
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