India's flag flying high in the startup ecosystem...
India's startup ecosystem is once again showing strong performance. In the last week of March, the country's startups have raised more than $150 million (about Rs 1,250 crore) in funding. During this period, 23 startups attracted new investors, including 5 growth-stage and 17 early-stage deals.
Which startups raised a lot of money?
smallcase, India's largest model portfolio platform, completed Series-D funding of $50 million. It was attended by new and existing investors along with Elev8 Venture Partners. Fintech company Abound also raised the highest funding of $14 million this week. In total, 17 early-stage startups raised $54.09 million.
Fintech and Delhi-NCR dominate
This week, the most deals were done in the fintech sector, where 6 startups received funding. Talking about regional distribution, startups from Delhi-NCR were at the forefront, where 8 deals were done. It was followed by Bengaluru, Mumbai, hyderabad and Chennai.
Excellent performance of indian startups
In the first quarter of 2025 (January-March), indian startups raised $2.5 billion in funding, which is 13.64 percent more than the previous quarter and 8.7 percent more than the same period last year. With this, india has become the third most funded startup ecosystem in the world. Late-stage startups raised $1.8 billion during this period, which is 38.46 percent more than the previous quarter and 114.54 percent more than Q1 of last year. While Delhi's tech startups garnered 40 per cent of the country's funding, Bengaluru came in second with 21.64 per cent.
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