Indian startups raised $80 million this week, led by QpiAI, Phi commerce, and Truemeds

SUMMARY
Indian startups made 21 deals from July 14th to July 19th. This week, around $79.7 million in funding was raised from these deals, a 40 percent decrease compared to last week. Funding activity declined in India’s startup ecosystem this week, as the number went from $132.9 million secured across 17 deals to 79.7 million USD from 21 deals.
This drop in numbers shows that investors are becoming more careful with their investments. Even with a slight decline in funding, the startup ecosystem showed continuous growth, especially in technology and hardware. The article mentions in-depth details about funding and acquisitions this week.
Which sectors got the most attention?
This week, the advanced hardware and technology sector received the most love from investors. Six startups raised around 37.6 million USD, which alone is half of the money raised this week. All companies working with quantum computing and high-tech gadgets come under this sector. The biggest startup in this sector was QpiAI. The firm topped both the overall and sectoral funding lists this week.
QpiAI secured $32 million in its series A funding round from National Quantum Mission and Avataar Ventures. This startup combines artificial intelligence with quantum computing and provides integrated AI solutions. The health tech sector emerged as the second most funded sector with $23.1 million raised across three deals. The online pharmacy platform Truemed led the health-tech sector with 20 million USD raised during its series C funding round from Peak XV Partners.
Seed-stage startups
Around seven startups raised $7.5 million in their seed stage this week. The space tech firm, Omspace Rocket & Exploration, secured 3 million USD in its pre-seed funding round. The startup is currently working on space-related projects, contributing to India’s space startup journey. The artificial intelligence startup, trupeer.AI, also raised $3 million in its seed funding round. The firm saw participation from RTP Global and Salesforce Ventures. The seed funding sector saw a 50 percent decrease this week, as it stood at 7.5 million USD, unlike last week’s $14.7 million.
The startups that stood out the most
Apart from above mentioned startups, these are other big funding deals for this week. The fintech startup, Phi Commerce, led the funding list in the fintech sector. The firm secured $5.9 million during its series B funding round from BEENEXT and other investors.
The consumer services sector raised 4.3 million USD across three deals this week. KNOT led the funding list for this sector this week. The quick-commerce platform delivers fashion products in just an hour. The startup secured $3 million during its pre-series A funding round from Kae Capital, Boundless VC, Sparrow Capital, WEH Ventures, ALL In Capital, and Kumar Saurabh.
Other major deals this week include. The e-commerce startup Vaaree secured $2.1 million during its recent pre-series A funding round from Peak XV Surge, Peer Capital, and other investors. Enterprise tech startup Deep Algorithm raised $1.3 million in its funding round from Unicorn India Ventures.
Another Health tech firm, CureFit, contributed $2 million this week, securing this amount in its recent funding round from First Luxembourg SCA and other investors. This B2C platform provides fitness and wellness solutions to its users.
Investors of the week
The investor plays the biggest role in the success of any startup. Peak XV Partners was the most active investor this week by backing two startups. The investment firm invested 20 million USD in the health tech startup TrueMeds, and it also funded the e-commerce firm Vaaree in its seed stage.
Avataar Venture Partners is another notable investor; they led the series A funding round for QpiAI with a 32 million investment. This was the biggest deal for the week, accounting for 50 percent of the total funds raised this week. This investment highlights the investment firm’s focus on deep tech and the advanced technology sector. It also shows their confidence in the market potential of the firm.
Other investors such as Kae Capital and Monta Vista Capital were also active, but they invested smaller amounts compared to others. The funding graph itself saw a larger decline this time than last week.
IPOs and Buyouts
The co-working space provider, Smartworks, went public and became the third tech startup to do so in 2025. The firm’s shares traded at a 7 percent higher price than expected. Another co-working firm, IndiQube, filed papers to go public, but due to the changes in market conditions, the firm lowered the initial goal of $83 million. The online astrology platform Astrotalk raised 50 million USD in its funding round and is expected to become a unicorn after hitting a valuation of $1.3 billion.
What was the overall funding report for this week?
India’s startup ecosystem is growing, but the funding this week saw a decrease of 40 percent to 80 million, suggesting hesitation from investors. However, the success of the space tech and hardware sectors highlights the growing innovation. 21 deals were made by Indian startups from July 14th to July 19th, securing over $80 million in funding.
QpiAI secured the highest funding amount of $32 million from Avataar Ventures and other investors in its series A funding round. It dominated the funding trend in the advanced hardware and technology sector. Some of the major investments made include Truemeds, which secured the most funds under the health tech category with $20 million from its latest round of funding.
The majority of these startups were from advanced hardware and technology, artificial intelligence, health tech, and consumer services, followed by fintech startups such as Phi commerce, which secured $5.9 million in its series B funding round from Beenext and other investors.
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