Indian startups raised a total of $303 million across multiple funding rounds in the past week, marking a significant surge in early-stage and growth investments. The funding spree was led by bike-taxi platform Rapido and HR-tech startup HrdWyr, alongside several other companies across sectors like fintech, logistics, and electric vehicles 1.
Rapido, a Bengaluru-based bike-taxi and logistics platform, secured the largest single deal of the week with a $180 million funding round. The round was led by existing investors, including WestBridge Capital and Shell Ventures, with participation from new backers like Yamaha Motor and BP Ventures. Rapido plans to use the funds to expand its logistics services and strengthen its presence in Tier 2 and Tier 3 cities 1.
HrdWyr, an HR-tech startup focused on employee engagement and performance management, raised $25 million in a Series B round led by Sequoia Capital India. The funding will be used to enhance its AI-driven platform and scale operations in India and Southeast Asia. HrdWyr claims to serve over 500 enterprises, including several Fortune 500 companies 1.
Other notable funding deals included logistics startup Porter, which raised $30 million in a Series D extension round led by Tiger Global. The company, which operates in over 20 cities, plans to use the funds to expand its fleet and improve its tech infrastructure. Porter competes with players like Delhivery and Shadowfax in India’s hyperlocal delivery space 1.
Electric vehicle (EV) startup Euler Motors also secured $20 million in a Series B round led by Qiming Venture Partners. The Delhi-based company manufactures commercial electric three-wheelers and plans to deploy the funds toward R&D and expanding its manufacturing capacity. Euler Motors has already deployed over 1,000 vehicles across India 1.
Fintech startup KreditBee raised $18 million in a Series C round led by Advent International’s Sunley House Capital. The digital lending platform, which serves young professionals and gig workers, will use the funds to expand its product offerings and enhance its underwriting algorithms. KreditBee claims to have disbursed over $1 billion in loans since its inception 1.
The week also saw early-stage deals, including a $10 million round for agritech startup DeHaat, led by Sofina Ventures. DeHaat provides end-to-end agricultural services, from input supply to market linkages, and serves over 1.5 million farmers across India. The funds will be used to expand its tech platform and enter new geographies 1.
The funding surge reflects growing investor confidence in India’s startup ecosystem, despite global economic uncertainties. Analysts attribute the momentum to strong domestic demand, digital adoption, and a maturing venture capital landscape. The week’s deals spanned multiple sectors, underscoring the diversity of India’s startup economy 1.