Indian startups raised $385.5 million from March 3-8, a leap from $88.3 million the previous week. Notable investments included $140 million raised by Darwinbox and $100 million by Leap Finance. AC Ventures was the most active investor, participating in multiple funding rounds, signaling renewed investor confidence following a slow month.
In a vibrant surge of activity, Indian startups collectively amassed $385.5 million through 29 funding deals from March 3 to March 8. This marks a remarkable increase, more than quadrupling last week’s $88.3 million gathered by just 16 startups. Notably, the week featured standout performances from Darwinbox, securing $140 million, and Leap Finance, which raised $100 million in debt funding.
The energy of investment surged back, following a sluggish previous month for private funding, as AC Ventures emerged as the leading investor of the week. Their participation included supporting Phot.AI in its seed funding round and also the inaugural funding round for TakeMe2Space, the space technology startup, signaling a rekindling of investor enthusiasm.
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The recent surge in Indian startup funding highlights a resurgence of investor interest, with a total of $385.5 million raised in one week alone. Key players like Darwinbox and Leap Finance showcased significant achievements, attracting funds over $100 million each. AC Ventures’ active involvement reflects a positive shift in the funding landscape, overcoming prior challenges. Overall, the data suggests a promising outlook for the startup ecosystem in India.
Original Source: startupnews.fyi
