Funding momentum continued in the Indian startup ecosystem this week, led by four growth-stage deals, with 22 startups raising nearly $116.26 million.
Last week, the domestic startup ecosystem raised around $176 million across 16 deals.
Four startups raised roughly $80 million in growth-stage deals this week.
Wealth management platform Dezerv has raised $32 million in a funding round led by Premji Invest, which also saw participation from existing investors Matrix Partners India (aka Z47), Accel, and Elevation Capital.
Other startups that have raised funding include e-commerce brand Goat Brand Labs ($21 million) and B2B e-commerce company Infra.Market ($18 million).
Sixteen early-stage startups also secured $36.26 million in funding.
Meanwhile, fintech company Partior announced the initial close of a $60 million Series B round led by venture capital and growth investment firm Peak XV Partners.
The round was also backed by new investors Valor Capital Group and Jump Trading Group, as well as existing shareholders JP Morgan, Standard Chartered and Temasek.
Last week, Maruti Suzuki India also announced it would expand its accelerator programme to include global startups, aiming to further support the government’s ‘Make in India’ and ‘Startup India’ initiatives.
Maruti Suzuki has so far screened over 2,000 startups across eight groups and has partnered with 56 startups.
