From Ultraviolette Automotive To GalaxEye — Indian Startups Raised Over $203 Mn This Week
Funding activity remained strong as Indian startups raised a combined $203.4 Mn across 21 deals between September 21 and September…
This week, Indian startups raised a remarkable $203.4 million across 21 deals, a staggering 3.4 times higher than the $58.9 million raised in the previous week. Among the wide array of sectors represented, AI emerged as the most funded, with five AI startups collectively securing $89.3 million, with Ema's $77 million round contributing 86% to the sector's total. Ecommerce followed closely, with six startups raising $3.8 million in deal activity.
Rivet Media & Entertainment, a social networking platform, led in terms of deal size, securing $10.5 million in a seed round. Peercheque and Sauce.VC were the most active investors, backing two startups each. In the early-stage funding landscape, seed-stage startups raised $20.3 million across five deals, with Rivet's $10.5 million round accounting for more than half of the total.
The Indian government is considering an anchor investment of ₹15,000 crore to ₹20,000 crore in the proposed National Frontier AI & Compute Fund (NFAICF) to build compute infrastructure and support frontier AI startups. Meanwhile, corporate venture funds BOLD, associated with Nykaa and L'Oréal, have joined forces to invest in Indian beauty and personal care brands, offering capital and industry expertise while preserving founders' operational and creative control.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
