Weekly Roundup: Funding and Acquisitions in India’s Startup Scene (Aug 11 – Aug 16)
This week, Indian startups raised $340.55 million, a 66% jump from last week’s $205.31 million.
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This week, Indian startups raised $340.55 million, a 66% jump from last week’s $205.31 million.
Eldercare platform Age Care Labs is raising Rs 50 crore in its Series B round from various investors.
Google has unveiled Flight Deals, an AI-driven search feature designed for travellers who prioritise savings.
EaseMyTrip's revenue fell 25%, with profit plummeting 98% to Rs 44 lakh in Q1 FY26, affecting air ticketing.
Darwinbox has secured $40 million from Teachers' Venture Growth, raising a total of $280 million to date.
OpenAI is modifying GPT-5’s tone after user criticism, reinstating GPT-4o for paid customers amid complaints.
British International Investment will invest Rs 70 crore in Altum Credo, raising its stake to 12.55%.
Fractal has filed its DRHP with SEBI to raise Rs 4,900 crore, showing 26% revenue growth in FY25.
India’s UPI ecosystem saw PhonePe and Google Pay dominate with over 81% of total transactions in July.
Shreetech Data has raised $4.5M to expand its operations in data centers and infrastructure solutions.