32 Indian startups raised $135 million in funding this week
New Delhi New Delhi: At least 32 domestic startups raised about $135 million in funding this week, including four growth-stage deals and 22 early-stage deals, a significant increase of over 45 per cent from the previous week. Deeptech startups emerged as leaders this week as industrial robotics maker Haber raised Rs 317.2 crore (about $38 million) in its Series C round led by Cregis with participation from Accel India and Beenext Capital. Software-as-a-service (SaaS) platform Spry Therapeutics raised $15 million in funding led by Flourish Ventures, Together Fund and Fidelity’s Eight Roads and F-Prime Capital. Cross-border specialty chemical manufacturing platform Amstack With the fresh proceeds, the firm will also hire talent across various functions, including R&D. Meanwhile, digital adoption platform (dApp) Whatfix introduced a $58 million liquidity program for its employees and investors, the company’s fourth buyback of employee stock options (ESOPs). This week, Bengaluru-based startups led with 11 deals, followed by Delhi-NCR, Mumbai and Pune. Last week, 21 startups in India raised nearly $93 million in funding across 16 deals, including four growth-stage deals and 12 early-stage funding. This was a big drop from the nearly $461 million raised by 29 domestic startups in the previous week, including 10 growth-stage deals
