The Funding Express: Indian Startups on Track

Indian startups raised $109.2 million across 18 deals this week, marking a significant decline from the previous week's $428.8 million. Nivara Home Finance led the funding with $28 million in a Series B round, followed by Pilgrim, which secured $23.1 million. Other notable deals included Navadhan with $12.8 million and STAGE with $12.5 million. Despite the drop in total funding, the number of startups securing capital increased. This week's funding highlights the ongoing activity in India's startup ecosystem, with fintech and ecommerce being prominent sectors.

 

Source: Inc42, Business Standard, VCCircle