Funding for Indian technology and startup deals increased to $228.2 million across 21 rounds in the week ending July 10, led by Yotta Data Services’ $150 million round, according to Tracxn data. The total was 90.4 percent higher than the prior week’s $119.9 million and 94.5 percent above the same period last year.
Late-stage deals represented nearly three-quarters of the capital raised. Early-stage rounds accounted for 18.4 percent, while seed-stage startups made up 8.1 percent. Blume Ventures backed WizCommerce and Neothera. Auxano joined Stylework’s round, and Inflection Point Ventures supported BAAS Technologies.
Yotta Data Services, a data centre and cloud infrastructure firm and subsidiary of the Hiranandani Group, secured about $150 million from non-institutional investors at a valuation near $3.9 billion. The funds will expand its artificial intelligence and cloud operations.
Adage Automation, which provides industrial gas analytics and environmental monitoring, raised Rs 230 crore ($24.2 million) in growth funding led by InCred Alternative Investments. InCred Growth Partners Fund contributed Rs 180 crore, with Global South Capital and Prachetas Capital also participating.
Elevate Education, formerly Sunstone, obtained Rs 170 crore ($17.7 million) from WestBridge Capital. The higher education platform intends to broaden campus partnerships, enhance its technology, and improve student results, targeting Rs 300 crore revenue by FY27.
Other deals included Wheelocity’s $8.5 million round, WizCommerce’s $8.3 million raise, Econovus Packaging’s $4.2 million funding, Mowito’s $3 million pre-seed round, and Milo Drive’s $2.4 million seed investment.
