New Delhi: Despite volatility in global stock markets due to weak cues, funding in the Indian startup ecosystem remained robust this week.
A total of 39 startups in the country secured over $387 million in funding, comprising 13 growth-stage deals and 20 early-stage deals.
Among the growth-stage deals, Entrackr reports that 13 startups collectively raised $309.7 million.
Bengaluru-based startups dominated with 15 deals, followed by Delhi-NCR, Mumbai, and Hyderabad.
SEDEMAC, a deep-tech startup based in Bengaluru, raised $100 million aimed at establishing a new manufacturing facility and expanding operations across India, the US, and the EU. SEDEMAC specializes in manufacturing auto parts and battery management systems.
Infra.Market secured $50 million from MARS Unicorn Fund, while Ather Energy, an electric vehicle company, secured $34.5 million in debt and equity funding.
Founded in 2016, Infra.Market focuses on selling construction materials, infrastructure goods, and technical equipment.
Euler Motors successfully closed its Series C funding round with $23.9 million, while Zypp Electric raised $15 million to expand its electric scooter fleet from 21,000 to 200,000 units.
Last week, 24 Indian startups raised $444 million in funding, including five growth-stage deals.
