During the week of May 19 to May 24, 2025, the Indian startup ecosystem continued to attract significant investment, with around 21 startups securing approximately $139.5 million in fresh capital across early and growth-stage rounds. This represented a moderation in deal value compared to the prior week’s $194 million, reflecting ongoing volatility in investor activity.
Growth-Stage Funding Highlights
Several established startups led the week’s larger funding rounds:
- CureBay raised a Series B round backed by Bertelsmann India Investments, emerging as one of the top deals during the period.
- CloudSEK, a cybersecurity firm, secured $19 million in its Series B financing.
- Euler Motors added $15 million as part of a larger Series B extension.
- Other growth-stage investments included capital raises by financial services startups such as Dvara KGFS and Borderless (Stockal).
Early-Stage Momentum
Early-stage deals collectively contributed a substantial portion of investment flows:
- Mythik, the media tech startup led by Jason Kothari, topped seed-stage fundraising with a $15 million round.
- Deep technology and AI startups also saw strong support, with companies like ALT Carbon, Biostate AI, and Data Sutram raising capital.
- Other startups such as PierSight, BlackCarrot, and The Sock Street announced funding activity but did not disclose deal sizes publicly.
Geography & Sector Trends
- On a city-wise basis, the Delhi-NCR region led funding activity with the highest number of deals, followed by Bengaluru, Mumbai, Chennai, Bhubaneshwar, and Ahmedabad.
- Fintech, e-commerce, and media & entertainment were among the most active sectors, while deeptech, healthtech, cybersecurity, and AI innovations also maintained investor interest
City and segment-wise deals
Delhi-NCR topped the city-wise deal count with 15 deals, while Bengaluru led in total funding, raising $93.57 million across 13 deals. Mumbai, Jaipur, Hyderabad, Pune, Anngamaly and Malappuram also secured deals during the week.
Segment-wise, e-commerce startups led the week with 6 deals each, followed by manufacturing and healthtech startups with 3 deals each. Pet Care, fintech, EV, battery tech, deeptech, and others also recorded funding during the period.
