SynopsisIndian startups secured a significant $402.6 million in funding across 20 deals, with AI firm Sarvam leading the pack with a $234 million investment. This marks a substantial increase from the previous week, highlighting robust investor confidence. Early-stage ventures dominated the funding landscape, securing over 73% of the total capital. ETtechIndian startups raised $402.6 million across 20 rounds during the week ended June 19, led by artificial intelligence startup Sarvam’s $234 million financing round, according to data intelligence platform Tracxn. The weekly tally was 79.2% higher than the previous week and 35.8% above the same period last year.This came after startups raised $225 million across 19 rounds in the second week of June, when green hydrogen startup Hygenco’s $105 million round led deal activity.ETtech
Early-stage deals accounted for 73.5% of the funding this week, while late-stage transactions made up 23.1%. Seed-stage startups accounted for 3.4% of the total capital raised.Among investors, Rainmatter was the most active this week, backing Karo Sambhav and Lissun. Chiratae Ventures participated in ContraVault AI’s round, while Atomic Capital backed Speedioo.Top deals this weekSarvam: India’s homegrown artificial intelligence startup Sarvam raised $234 million in an ongoing funding round led by HCLTech, valuing the company at $1.5 billion. HCLTech said it would make a strategic investment of $150 million as part of the round, which is expected to close at $300 million. Bessemer Venture Partners, a new investor, and existing backers Khosla Ventures and Peak XV Partners also participated.ETtech
