India startups raise $331M
Indian startups across EV, deeptech, InsurTech and fintech raised over $331 million in the week of March 23–28, signaling continued investor appetite for scalable, AI‑powered risk and insurance platforms. That funding surge keeps India on the map for cross‑border InsurTech partnerships and talent flows. (indianstartupnews.com)
Chennai-headquartered Rocketlane closed a $60 million Series C led by Insight Partners on March 25, 2026, bringing its total capital raised to $105 million. (PR Newswire). (prnewswire.com) Rocketlane said enterprise revenue more than doubled year‑over‑year as customers move from AI experimentation to production-grade professional services automation. (PR Newswire). (prnewswire.com) Bengaluru‑based insurtech Plum announced a ₹193 crore (≈$20.6 million) Series B on March 26, 2026, focused on scaling AI‑driven claims and employee health benefits. (The Hindu BusinessLine). (thehindubusinessline.com) Plum’s Series B included participation from Singapore’s Tanglin Venture Partners and Japan’s GMO Venture Partners, with Avendus Capital advising on the transaction. (Avendus Capital press release). (avendus.com) Euler Motors raised ₹437.5 crore (≈$47 million) in Series E equity led by Lightrock on March 24, 2026, and also secured an additional ₹250 crore in debt to support manufacturing and network expansion. (Business Standard). (business-standard.com) Chennai‑based lending tech Uncia closed a $3 million seed round led by Pavestone and said it will use the funds to expand into MENA and North America; the company’s platform manages over Rs 2 lakh crore in cumulative loan value for client institutions. (The Economic Times). (economictimes.indiatimes.com) Plum’s investor mix — Peak XV (India/South‑East Asia), Tanglin (Singapore) and GMO (Japan) — demonstrates multi‑jurisdictional capital flowing into Indian insurtechs and brings regionally distributed strategic backers to enterprise insurance product roadmaps. (Peak XV; Tanglin Venture Partners; Avendus Capital press release). (peakxv.com)
