The Indian startup scene got strong funding this week. 19 startups raised about $462.27 million. Last week, 30 startups received $355.02 million.
Bangalore was the city that received the most investments. 10 startups received investments here. Mumbai, Delhi-NCR and other cities also saw significant investments.
Startups in the fintech and edtech sectors received three deals each. Gaming, health tech and energy startups received two deals each. Investments were also made in sectors such as e-commerce, aerospace and manufacturing.
Seed funding for newly launched startups was the most common. Investments were made in pre-seed, Series A, pre-Series A, and Series B rounds.
Cross-border neobanking startup Solven received a large investment in a Series B round led by Craigis. Specialty chemical sourcing platform Simplify received $40 million in a Series B round. Similarly, luxury fashion platform Purple Style Labs received $40 million in a Series E round.