Delhi-NCR Tops Funding Charts as 27 Startups Raise $466 Million This Week

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The week was equipped with a milestone in the Indian startup ecosystem witnessing 27 startups collectively raising $466.45 million in funding between January 6 and January 11. It marks a substantial leap from the previous week’s $33.44 million and highlights a renewed surge in investor confidence. The growth was evident across various stages with growth-stage as well as early-stage startups attracting attention. Healthcare notably emerged as a standout sector and a leading unicorn raised $275 million in a Series E round backed by prominent investors like B Capital Group and M12. OYO simultaneously also made headlines and secured $65 million. The company reaffirmed its position in the competitive hospitality industry. Fintech and medical device startups followed suit garnering $35 million and $20 million respectively.

Early-stage startups also made a strong impression and they collectively raised nearly $44 million. A D2C banana chips brand and an electric vehicle manufacturer stood out for their innovative approaches. Niche sectors such as luxury skincare and real estate platforms also attracted attention. Delhi-NCR emerged as the frontrunner in terms of deals closed followed by Bengaluru and Mumbai. E-commerce maintained its dominance equipped with healthtech and fintech closely following.

The dynamism of Indian startup ecosystem extended beyond funding equipped with several noteworthy developments. Leadership changes included the return of Rishen Kapoor to Peak XV Partners, the promotion of Ayush Gupta to co-founder at Enlog, and the appointment of Achint Setia as CEO of Snapdeal. New fund launches and strategic partnerships added momentum. Fundalogical Ventures announced its FV Trailblazers fund focusing on sustainable supply chains. Swiggy unveiled its SNACC app for 15-minute food delivery.

The market also witnessed significant activity equipped with Groww strengthening leadership in the stockbroking space. Lenskart simultaneously is gearing up for a $1 billion IPO. The re-entry of Swiggy and Zomato into the instant delivery segment further highlighted the competitive spirit of the ecosystem.

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