Indian boot ecosystem collected more than $ 180 million this week

New -delhi, April 12 (IANS). The domestic startup ecosystem continued the financing speed this week, with 24 new businesses raising more than $ 180 million. Fintech remained the financing sector. This week there were six stages of growth and 13 early stages. Some of the largest growth stage transactions have led “Juides”, the digital payment technology business “$ 60 million in its range-D round by Keedara Capital, with current investors Softbank and Excel. A second digital payment company ‘Ezabj’ raised $ 30 million in the financing round led by Beser Venture Partners. The domestic spin ‘noise’ achieved $ 20 million funding from US sound equipment giant Bose Corporation, which was the second investment round. In the early-phase presentations, ‘Zindus’ BorderloversChrijdy Logistics ‘Zindus’ had a lead with a series of $ 10 million. The average funding in the past eight weeks amounts to about $ 246.87 million, with 24 transactions per week. Meanwhile, the Urban Company Council has approved to raise primary funds of Rs 528 crore through an IPO and the bearable brand ‘Boat’ has submitted a draft Red Herring Prospectus near Sebi. In the first quarter of 2025, India was third in the world after the US and the United Kingdom in terms of funds for the Fintech sector. In the January-March period, there was a 47 percent increase in late-stage funding, rising to $ 227 million compared to $ 154 million in the fourth quarter of 2024. This is said in a major market intelligence platform Traxon report. A total $ 366 million financing took place in the first quarter of this year. The March quarter was the highest financing month, with $ 187 million, which was 51 percent of the total fund. There were ten acquisitions in the January-March quarter, indicating an increase of 67 percent and 100 percent compared to 6 and 5 acquisitions in the first quarter of 2024 and the fourth quarter of 2024. Bangalore was a leader in the total Fintech funding collected during the first quarter, followed by Gurugram and Mumbai. -Ians skt/abm