Indian companies received more than $200 million in investments this week.

This week, the Indian startup ecosystem experienced a major boost with over $200 million in funding through 25 deals. This is a significant increase from last week's funding of $116.26 million. Homegrown startups also saw a rise in seed funding, with a 17% increase to $9.78 million from the previous week's $8.33 million.

Some notable funding news includes fintech unicorn slice receiving $30 million in debt from Neo Asset Management's Credit Opportunities Fund. Community-led mobility app Namma Yatri also had a successful pre-Series A funding round, raising $11 million with the support of investors such as Blume Ventures, Antler, and Google.

In the electric vehicle industry, BluSmart secured $24 million in its pre-Series B round. This funding will allow them to expand their operations and build charging infrastructure in key cities. Another success story is fast fashion brand Newme, which raised $18 million in its Series A round led by Accel, with participation from existing investors like Fireside Ventures and AUM Ventures.

Some familiar names were also involved in this week's funding news. Lenskart founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi invested a total of $20 million in the omnichannel eyewear retailer. And in a partnership with the MeitY 'Startup Hub', Google announced its plans to train 10,000 startups in artificial intelligence. This is part of their efforts to expand access to their AI models and introduce new language tools for developers in India.

A recent report revealed that over 77% of Indian startups are now investing in advanced technologies such as AI, machine learning, internet of things, and blockchain. It's also interesting to note that 40% of these startups are originating from Tier 2 and Tier 3 cities, leveraging local talent and cost advantages. This information comes from a report by SAP India, in collaboration with Dun & Bradstreet.

Overall, it's clear that the Indian startup ecosystem is thriving, with a significant increase in funding and the emergence of new innovation hubs in smaller cities. This is a promising sign for the future of the country's tech industry.

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