The Indian startup scene is booming this week, with over $308 million raised across 24 deals. This big event comes as we celebrate the ninth year of the ‘Startup India’ plan, which helps boost new ideas, create jobs, and move the country toward being self-sufficient.
A lot of new ideas
From new tech to improvements in rural areas and big steps in health care, money tech, and clean energy, Indian startups are tackling global issues. This lively mix of companies isn’t only fixing problems but is also opening doors that lift India’s startup spirit.
Over 1.59 lakh startups approved
India now has over 1.59 lakh startups that are known, as per the report from DPIIT. These businesses help make strides in different areas and play a big role in the nation’s growth.
Key funding highlights this week
Netradyne’s $90 million Series D
The AI and edge-computing firm Netradyne got $90 million in a Series D round by Point72 Private Investments. With help from Qualcomm Ventures and Pavilion Capital, this cash will go towards research, global growth, and market moves.
Foxtale bags $30 million
The D2C skincare brand Foxtale raised $30 million in Series C funding led by Japan’s KOSE Corporation, along with support from Panthera Growth Partners, Z47, and Kae Capital.
100X.VC supports 18 startups
The venture firm 100X.VC put $2.7 million into 18 startups in its 12th group, showing it wants to help new firms grow.
Nine years of ‘Startup India’
January 16 was the ninth year of the ‘Startup India’ plan, which we celebrate as National Startup Day. Starting in 2016, this plan has changed how we view new businesses, creating a place for new ideas and people.
Since it began, approved startups have made over 16.6 lakh direct jobs, helping a lot with job growth and the economy.
Major hubs and growing cities
While big cities like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR lead this change, smaller cities are also stepping up. This growth shows how open and strong India’s startup scene is, influencing more and more of the country.
Indian startups keep showing their strength and smart ideas, setting the path for more success in the years ahead.
