The Indian startup ecosystem raised over $138 million this week, encompassing three growth-stage fundings and 20 early-stage deals.
At least 25 domestic startups raised a combined $138.7 million in funding, with fintech and deeptech startups leading the rounds, raising $50 million across two deals.
Fintech startup Easy Home Finance secured $35 million in its Series B funding round, led by Claypond Capital and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund.
“This funding will propel our efforts to make home financing truly digital, efficient, and accessible. By leveraging advanced data insights, our in-house technology suite not only simplifies the loan process but also accelerates the journey from loan origination to homeownership,” said Easy Home Finance Ltd MD Rohit Chokhani.
MODIFI, a B2B Buy Now Pay Later (BNPL) platform, secured $15 million in funding led by SMBC Asia Rising Fund, with participation from existing investors Maersk, Intesa Sanpaolo, Heliad, and other top-tier global investors.
Deeptech robotics startup CynLr (Cybernetics Laboratory) raised $10 million in a Series A round led by Pavestone and Athera Venture Partners (formerly Inventus India), bringing its total funding to $15.2 million. Spacetech startup GalaxEye closed its Series A funding, securing $10 million, with MountTech Growth Fund–Kavachh as a strategic investor.
Logistics unicorn BlackBuck has filed its red herring prospectus (RHP) with the Registrar of Companies (RoC), aiming to raise Rs 1,114.72 crore via public listing.
Meanwhile, Indian startups reached $12.2 billion in funding in the first 10 months of this year, surpassing the total amount raised in 2023 (about $11 billion), with two months to go. Homegrown startups raised over $1 billion across 119 deals in October alone.
(Inputs from IANS)