Indian startups raised $1.1 billion this week

Startups have had a strong week, raising $1.1 billion across various funding deals. This represents a significant increase of nearly five times compared to the same week last year. In total, there were 27 funding deals this week, down from 37 deals during the same period in 2024. The latest figures also show a big jump from last week’s $342.4 million in funding. Compared to this week last year, where startups raised just $238 million, this year's total marks a 229.5% increase. One of the standout deals was Erisha E Mobility, which secured $1 billion from an investor in the UAE. The company plans to use the funds to create smart manufacturing hubs for electric vehicles. Another notable fundraise was Nivara Home Finance, which collected $28 million in a Series B round. This round included contributions from investors True North and Baring Private Equity Partners. Additionally, the beauty brand Pilgrim raised $23.1 million. This funding included both primary and secondary investments, with support from several investors, including the Narotam Sekhsaria Family Office and Vertex Ventures SEA.