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Indian Startups Secure $357 Million in a Week, Driven by Fintech and AI Boom

Indian Startups Attract $357 Million in Funding, Signaling Strong Investor Confidence

Written By : Mwangi Enos

Indian startups secured over $357.70 million in funding between February 10 and February 15, 2025, marking a significant surge compared to the previous week's total of $128 million. A total of 21 startups across fintech, AI, edtech, retail, EV, and other sectors attracted investor interest, highlighting continued confidence in India's startup ecosystem

ToneTag led the funding wave with a $78 million Series B2 round, followed by AI-driven contract management firm SpotDraft, which raised $54 million.

Major Funding Deals

ToneTag made the biggest funding gain in that period, obtaining $78 million in its Series B2 round for voice payment services. AI-powered contract management solution SpotDraft followed, completing a Series B fundraising round that generated $54 million.

Other notable funding rounds included:

  • Banking tech firm Zeta raised $50 million.

  • IoT and AI-driven commercial HVAC automation provider 75F secured $45 million.

  • EV firm PMI Electro Mobility and ride-hailing startup Rapido collectively raised $57.68 million.

Emerging Startups Gaining Investor Interest

Several emerging startups also received funding, showing strong investor confidence in diverse industries:

  • BorderPlus (Talent Mobility): $7 million

  • Rupeeflo (Fintech): $1 million (Pre-Seed)

  • JQR (Footwear): $25 million

  • Bold Care (Wellness): $5 million (Series A)

  • Croft Beverages: $125,000

  • GoRally (Pickleball Chain): $750,000 (Pre-Seed)

  • Lucidity: $21 million (Series A)

  • ArthAlpha (Fintech): $2 million (Seed)

  • CAPGRID (Manufacturing): $5 million (Series A)

  • Nivaan Care (Healthcare): $4.25 million (Seed)

  • Almonds AI (AI-powered Rewards Platform): $1.9 million (Seed)

Meanwhile, healthtech startup LifeSigns, cloud tech firm MontyCloud, fintech startup Rubyworks and edtech platform Bambinos.Live did not disclose their funding amounts.

Mergers and Acquisitions

During this period organizations pursued important mergers as well as acquisitions. KiranaPro acquired Joper.app and MSys Technologies completed the acquisition of Gophers Lab thus strengthening the Indian tech marketplace.

Indian startup expansion into 2025 seems promising because fintech together with AI and EV start-ups produced the highest funding activity which strengthened investor faith in the local startup market.

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