Indian startups raised $242.6 million across 25 deals between June 8 and June 12, marking nearly a 30% increase from the $187.4 million raised across 21 deals the previous week, according to inc42.com. The top six startups each secured more than ₹100 crore ($10 million) in new investments, highlighting growing investor interest in the country's new-age technology sector.
The largest funding round was led by GPS Renewables, a cleantech company, which raised $66.4 million in a Series C round from investors including Sojitz Corporation, PixelSky Capital, and Spectrum Impact Family Office. Equal AI, an artificial intelligence startup, secured $30 million in a Series B round led by Prosus Ventures and Tomales Bay Capital, with participation from investors such as PhonePe's Sameer Nigam and Airtel Family Office's Zubin Bharti Mittal. Other notable rounds included Ethereal Machines with $28.5 million and MyGate with $23.6 million.
This surge in funding reflects a broader trend of increased capital flow into Indian startups focusing on cleantech, AI, and real estate technology. The $66.4 million Series C round for GPS Renewables stands out as one of the largest in the cleantech sector recently, while Equal AI's $30 million Series B round signals growing confidence in AI application startups. These investments come amid a competitive landscape where innovation and sustainability are key drivers for investor interest.
The funding data for this period was compiled by inc42.com, which tracks startup investments in India. The next detailed funding report is expected after June 19, providing further insights into the evolving investment patterns in the Indian startup ecosystem.