21 Indian startups raise nearly $187 million this week

The Indian startup ecosystem raised about $187 million in funding this week, which included four growth-stage deals and 13 early-stage deals.

At least 21 domestic startups have raised a cumulative $187 million in 10 offerings from October 21-26. Last week, 39 early-stage and growth-stage startups raised about $450 million in funding.

This week, Singapore’s sovereign wealth fund Temasek made an additional $60 million investment in edtech platform Upgrad.

Healthtech platform Healthify has announced the closing of a $45 million round led by existing investor Khosla Ventures and LeapFrog Investments, with new participation from Claypond Capital (the family office of Indian billionaire Ranjan Pai). This brings Healthify’s total equity to approximately $125 million to date.

Dairy tech startup Stellapps Technologies has raised $26 million in Series C funding in a mix of equity and debt. The round saw participation from existing investors Blume Ventures, Omnivore, Bill and Melinda Gates Foundation, IDH Farmfit Fund, 500 Startups and Blue Ashva Capital.

D2C bags and luggage brand Zouk has raised $10 million in Series B round led by Aavishkaar Capital and also had participation from existing investors like Stellaris Venture Partners, Titan Capital, Sharrp Ventures and JJ Family.

Generative AI startup Neysa has secured $30 million in Series A funding led by existing investors NTTVC, Z47 (fka Matrix Partners India) and Nexus Venture Partners. This investment builds on Neysa’s successful $20 million round earlier this year.

Meanwhile, workplace technology provider Oliod has secured $6 million led by Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation and Carya Ventures.

Mumbai-based startups led with nine deals, followed by Bengaluru, Delhi-NCR, Pune and Chennai.

The average funding over the past eight weeks stands at approximately $315.51 million.