New Delhi, March 29
The domestic startup ecosystem secured more than $150 million this week, showcasing robust growth in the current financial year (FY25).
During the final week in March, 23 Indian startups raised a total of $152 million, including five growth-stage and 17 early-stage deals. The number of funding deals that materialised during the week stood at 16.
India’s largest model portfolios platform smallcase raised $50 million in its Series D funding round with a mix of primary and secondary led by Elev8 Venture Partners, with participation from new and existing investors.
About 17 early-stage startups raised a total of $54.09 million in funding and fintech startup Abound led with a $14 million round. Segment-wise, Fintech startups were at the top spot with 6 deals.
Delhi-NCR based startups led with eight deals followed by Bengaluru, Mumbai, Hyderabad and Chennai.
In the first quarter of 2025, domestic tech startups raised $2.5 billion, marking a 13.64 per cent increase from the previous quarter and an 8.7 per cent rise from the same period last year -- making India the third most-funded country globally.