Indian startups raised a total of $426 million across 19 funding deals between June 15 and June 19, marking a sharp increase from the $243 million raised across 25 deals the previous week, according to inc42.com. The largest single deal was Sarvam's $234 million Series B round, one of the biggest ever for an Indian AI startup.
The funding activity was led by Sarvam, which secured $234 million in a Series B round with participation from HCLTech, Bessemer Venture Partners, Khosla Ventures, and Peak XV Partners. Other notable rounds included SolarSquare's $53 million Series C led by Lightspeed, Vetic Health Tech's $40 million round backed by Bessemer Venture Partners, and TruNativ's $30 million Series B with OrbiMed as lead investor.
This surge in funding highlights the growing investor interest in Indian startups, especially in AI and clean tech sectors. Sarvam's large AI-focused round pushed the AI sector to the top of the funding charts for the week. The diversity of sectors funded, including healthcare, ecommerce, and media, reflects broad investor confidence in India's startup ecosystem.
The week’s funding data underscores the momentum in Indian startup financing, with Sarvam's $234 million Series B round standing out as a landmark deal. The next official funding report is expected with the close of June, which will provide further insights into the evolving investment landscape.