In the week ended January 17, Indian startups raised nearly $254 million across 28 deals, a 3.4x increase from $75.36 million in the previous week. Four growth-stage rounds led by PeeSafe and Sukino raised $91 million, while early-stage funding was $75.5 million across 22 deals led by Mversity and BillionE.

Bengaluru led startup funding activity with 12 deals, followed by Delhi-NCR and Mumbai. E-commerce and deeptech emerged as the most active sectors; seed and Series A rounds dominated funding, reflecting early-stage investor interest despite market volatility.

The week also saw major ecosystem developments, including Unacademy shifting to a franchise-led offline model, Blinkit dropping its 10-minute delivery claim, Shadowfax nearing its IPO, large ESOP buybacks by Browserstack and Innovaker, and new fund launches and mergers highlighting the sustained momentum in India’s startup ecosystem.