Indian Startups Secure $232 Million In Funding This Week, Cleantech Leads The Charge

Indian startups have witnessed a surge in funding this week, raising a total of $231.7 million across 16 deals between May 19 and May 24. This marks a 53 percent increase from the previous week’s $151.6 million, despite a drop in the number of deals. Investors are showing a preference for larger, high-potential investments, with cleantech emerging as the most favored sector.  

 

Funding Trends And Sectoral Highlights  

- Cleantech startups secured $89 million across three deals, reflecting growing investor interest in sustainable innovation  

- Fintech and ecommerce startups also attracted significant funding, with three deals each  

- British International Investment emerged as the most active investor, backing Euler Motors and CureBay  

 

Major Funding Rounds And Key Players  

- Euler Motors, an electric vehicle manufacturer, raised $75 million in a Series D round led by Hero MotoCorp  

- Oxyzo, a fintech lending platform, secured $62.4 million in debt funding from Neo Group  

- CureBay, a healthtech startup specializing in telemedicine, received $21 million in Series B funding from Bertelsmann India Investments and Elevar Equity  

- CloudSEK, a cybersecurity firm, raised $19 million in a Series A2 round backed by MassMutual Ventures and Inflexor Ventures  

 

Investor Sentiment And Market Outlook  

- The sharp rise in funding indicates a shift toward quality over quantity, with investors prioritizing fewer but larger deals  

- The cleantech sector’s momentum aligns with global trends favoring sustainable and green technologies  

- Fintech and ecommerce continue to be strong pillars of India’s startup ecosystem, driven by rapid digital adoption  

 

Looking Ahead: Future Investment Trends  

- More mega-rounds are expected in cleantech, with startups focusing on climate tech and electric mobility  

- International funds are likely to increase their presence in India’s startup landscape  

- Strategic investments will continue to shape the growth of tech-driven solutions across industries  

 

With investor confidence soaring, Indian startups are not just surviving but thriving, setting new benchmarks in funding activity.  

 

Sources: Inc42, The Entrepreneur Story, VIESTORIES.