Indian startups obtained $184.4 million during 22 funding rounds from February 17 to February 22, 2025 with ten stages for growth and twelve stages for early development. Total startup funding dropped by 51% through the week since 32 startups previously raised $375.52 million but this time around 22 startups received $184.4 million.
Growth-Stage Highlights
Udaan emerged as a leading B2B e-commerce platform when it collected $75 million through its Series G funding round. Waterfield Advisory drew $18 million from Jungle Ventures as its funding source after completing a financing round. The SaaS company Spyne obtained $16 million through its funding round to progress its technological development.
Other companies that successfully attracted funding during this period include:
- The Whole Truth: A clean-label health food brand.
- Dogsee Chew: A pet care brand focused on natural treats.
- Rare Rabbit: A new-age fashion brand.
- Credit Fair: A non-banking financial company (NBFC).
- Curefoods: A foodtech company specializing in cloud kitchens.
- Solitario Diamonds: A jewellery brand.
These investments reflect a diverse range of sectors, showcasing the vibrancy of the Indian startup ecosystem.
Early-Stage Developments
A total of twelve startups obtained $33.4 million from early-stage financing. As the leading startup of the segment Singulr AI acquired $10 million in seed funds through a new round of investment. Early-stage financiers included IKonz Studios which operates in AI technologies and Probus which specializes in IoT communications and data analytics solutions. These companies joined various other stakeholders contributing to AI and data analytics expansion.
Lurny secured funding during the week but concealed its exact amount while demonstrating continued interest from investors in advanced technology solutions.
City and Segment Insights
Bengaluru emerged as the frontrunner in terms of the number of funding deals, accounting for 12 transactions. Other cities like Mumbai and Pune also contributed to the funding landscape. Segment-wise, AI startups dominated with five deals, followed by foodtech with three deals. The fintech, e-commerce, and SaaS sectors also saw considerable activity.
Key Leadership Changes
Multiple significant leadership positions were instituted during that particular week. As its Chief Operating Officer (COO), Jagnoor Singh joined Practo which operates as a health services platform. PayU India selected Pramod Rao to lead their operations as its new Chief Risk Officer. Tuco Kids secured former Flipkart executive Chanakya Gupta as co-founder to build their children’s brand through his proven experience.
The movement of high-ranking executives from ShareChat demonstrated that startup leadership teams accept constant changes.
Mergers and Acquisitions
Multiple important acquisitions occurred which demonstrated the ongoing trend toward consolidation in the startup industry. Atlys secured the UK subsidiary of Artionis through acquisition to build its international business reach. PayRange acquires Turns and becomes their vertical Software as a Service company for the laundry business while Yuma Energy strengthens its battery technology by acquiring Grinntech.
A significant number of investments continue to flow into Indian startups despite changes in their funding volume throughout the past week. Companies specializing in tech and e-commerce sectors keep receiving ample funding for their growth phases. Startups in India will experience future developments that result from the relationship between acquisitions and new investment patterns as the ecosystem advances.
