From PB Health To Porter — Indian Startups Raised $587 Mn

Funding momentum across the Indian startup landscape galloped in the first week of May, thanks to a bunch of small-and late stage deals. Between May 5 and 10, startups raised $587 Mn across 27 deals, marking a 9X jump from the $54.7 Mn bagged by 15 startups in the preceding week.

The week also saw logistics startup Porter scooping up $200 Mn to become the second unicorn of 2025. The Series F fundraise was a mix of primary and secondary deals. 

Meanwhile, the week also saw one of the largest seed funding deals materialise in the Indian startup ecosystem in the form of PB Fintech incubated PB Health raking in $218 Mn cheque to expand its hospital network chain.

Let’s take a look at the overall deals struck over the past week.

Funding Galore: Indian Startup Funding Of The Week [ May 5 – 10 ]

Key Startup Funding Highlights Of The Week

• Capitalising on Porter’s $200 Mn deal, logistics sector emerged as the flavour of the week for investors. Besides Celcius Logistics, Shiplog and Store My Goods are the other startups operating in the space to secure fresh capital.
• Ecommerce continued to lead the sectoral chart in terms of weekly fundings this week. Six startups in the sector cumulatively raised $31.4 Mn in the first week of May.
• The week also saw a healthy interest from investors across categories. Venture debt firm Trifecta Capital, VC firm Accel, India Accelerator and Deepak Bhagnani Family Office were among the most active investors this week, backing two startups apiece.
• Seed funding spiked to $227.4 Mn this week driven by PB Health’s maiden funding round.

Other Developments Of The Week

• In a bid to boost the Indian startup funding, the Centre doubled the maximum guarantee cover per borrower under Credit Guarantee Scheme for Startups (CGSS) to INR 20 Cr from INR 10 Cr.The scheme aims at improving access to collateral-free debt funding to startups via banks, NBFCs, AIFs and other registered financial entities.
• BrowserStack acquired Y Combinator-backed SaaS company Requestly to bolster its product suite.
• IndiaMART Intermesh completed the buyout of SaaS startup Livekeeping Technologies this week, purchasing the remaining 34% stake of the company for INR 26.78 Cr ($3.1 Mn).
• Caught in crisis, BluSmart’s existing investors bp Ventures and responsAbility Investments are looking to pour in $30 Mn to revive its ride-hailing business.
• Gaming major Nazara received NCLT go-ahead to buy insolvency-ridden Smaaash Entertainment.