The Indian startup ecosystem witnessed funding worth $449 million this week, representing a rise of 300 percent compared to the previous seven days. 

According to a report published in Republic World, the amount was collectively raised by 39 startups across 29 deals. 

In the previous week, startups in India raised $135 million. 

The report added that this week witnessed 12 growth-stage deals and 16 early-stage investments, with seed funding totaling $26.5 million. 

Eruditus Leads Startup Funding

One of the noted fund raising this week was carried out by Indian educational technology company Eruditus, which raised $150 million in a series F funding round. 

The funding round was led by private equity firm TPG, while it also witnessed the participation of existing investors including Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments, and the Chan Zuckerberg Initiative, Eruditus said in a press statement. 

The EdTech company revealed that the financial backing will be used to invest in artificial intelligence, as well as strengthening investments in the wider Asia Pacific region. 

Other Major Deals

In the same week, Indian beauty retailer Purplle also closed its series F funding round after raising $180 million. 

The funding round was led by Abu Dhabi Investment Authority, while existing investors, including Premji Invest and Blume Ventures also increased their commitments in the firm. 

Meanwhile, Perceptyne, an Indian robotic startup focussed on artificial intelligence secured $3 million in a seed round co-led by Endiya Partners and Yali Capital.  

According to a press statement, Perceptyne's funding round also witnessed the participation of Whiteboard Capital and other notable angel investors. 

Additionally, Indian consumer food brand Yu raised $6.5 million in a series B funding round, led by ace investor Ashish Kacholia and the Asian Paints Promoter Group. 

The funding round also provided an exit to some of its seed stage investors who have successfully secured over 4x return on their investment.