From Pixxel To Swish — Indian Startups Raised Over $321.9 Mn This Week
Startup funding activity rebounded back sharply in the second week of September. Between September 7 and September 11, Indian startups…
In the second week of September, Indian startups raised a combined $321.9 million across 20 deals, marking an 82.4% increase from the previous week's $176.5 million. Advanced hardware & technology and ecommerce sectors led the funding surge, securing a combined $201.1 million in eight deals, which accounted for 62.5% of the total funding.
Pixxel led the advanced hardware & technology sector with a $100 million Series C round from Temasek, Seraphim, 360 ONE Asset, IMM Investment, Radical Ventures, and growX ventures. Ecommerce also saw significant activity, with six startups raising $80 million, led by Nua's $50 million Series C round from Peak XV Partners, Filter Capital, Mirabilis Investment Trust, Footpath Ventures, Kae Capital, Lightbox VC, and Existing Angle Investors.
Meanwhile, foodtech, consumer services, and AI sectors each reported one deal, while early-stage funding totaled just 1% of the week's total. Peak XV Partners, Accel, and Prath Ventures were the most active investors, participating in two deals each.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
