India Startup News

The Indian startup ecosystem has seen significant growth, with DPIIT-recognised startups crossing 2.4 lakh as India adds 16,334 in Q1. *Vecton AI* has raised Rs 6 Cr in a pre-seed round led by Zeropearl VC. Aum Ventures has announced the first close of its Rs 750 crore India Innovation Fund II. The government's strategic funding is expected to propel India's space economy to $100 Billion. Some notable investments include *Discovered Materials*, which has raised $9 million in a seed funding round led by Lightspeed India Partners, and *GalaxEye*, which has acquired StarOps. Indian VCs are also rejigging their funding playbooks due to high AI stakes, with average investments in AI startups increasing to $3-5 million at the seed level and upwards of $10 million in Series A rounds.