Indian startups raised over $177 million from Feb 17 to Feb 22, 2025; Lightstorm tops the list

Between February 17 and February 22, 2025, as many as 16 startups from diverse sectors raised over $177.3 million in funding from investors.

These sectors include Beverages, SaaS, AI, Jewellery, Food, Wealthtech, Clothing, DaaS, Technology, and Edtech, among others.

Last week, Indian startups raised over $357 million, with ToneTag raising $78 million alone.

Between February 17 and February 22, 2025, as many as 16 startups from diverse sectors raised over $177.3 million in funding from investors.

These sectors include Beverages, SaaS, AI, Jewellery, Food, Wealthtech, Clothing, DaaS, Technology, and Edtech, among others.

Last week, Indian startups raised over $357 million, with ToneTag raising $78 million alone.

High-value deals

A diverse range of sectors attracted investments during the week, with Cloud & Data Center Infrastructure leading the pack. Leading this sector was Cloud and data centre networking solutions provider Lightstorm, which raised $80.7 million. Wealth management platform Waterfield Advisors raised $18 million in funding. 

The list was followed by AI-powered visual merchandising platform Spyne, Food brand The Whole Truth, and Enterprise AI startup Singulr AI, which collectively raised $41 million. 

Spyne raised $16 million, The Whole Truth raised $15 million, and Singulr AI raised $10 million.

Emerging startups

Luke Coutinho-led You Care Lifestyle raised $1 million, Cherrapunji Craft Gin raised $1.2 million in pre-Series A funding round. Ikonz Studios raised $5 million in pre-Series A funding round, DaaS firm Swish Club raised $4.5 million in pre-Series A funding round. lab-grown diamond brand Solitario Lab Grown raised $3.6 million in pre-IPO funding round, Deeptech startup Probus raised $5 million in Series A funding round, and NBFC firm Credit Fair raised $5 million in debt.

Reusable period panty brand Healthfab raised $1 million in pre-Series A round, Petcare startup Dogsee Chew raised $8 million in Series B funding round, SaaS startup Onetab AI raised $3.3 million in a Seed funding round. 

Meanwhile, Edtech startup Lurny kept the funding figures under wraps.

Mergers and acquisitions

The period also witnessed strategic mergers and acquisitions. Atlys acquired Artionis, PayRange acquired Turns, Yuma Energy acquired Chennai-based Grinntech, and InCred Group acquired Arrow Capital (DIFC) Limited.