Indian startups CloudSEK, Mythik, Alt Carbon, Biostate AI secure key funding in May surge

Indian startups raised a record $231.7 million in a single week, led by Euler Motors' $75 million Series D round. Emerging sectors like cleantech, cybersecurity, entertainment-tech, and molecular medicine attracted significant investor interest, signaling a diversified and robust funding landscape.

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Sources: Inc42Businessoutreach
Indian startups CloudSEK, Mythik, Alt Carbon, and Biostate AI have collectively contributed to a robust funding surge in May, with Indian startups raising a total of $231.7 million across 16 deals between May 19 and 24, marking a 53% increase from the previous week.

CloudSEK, founded in 2015 and based in Bengaluru, specializes in AI-powered cybersecurity tools that help businesses identify and prevent cyberattacks in real-time.

"CloudSEK provides AI-based tools that deliver intelligence in real-time," enabling enterprises to mitigate cyber threats before escalation.

Mythik, a Mumbai-based entertainment-tech startup founded by Jason Kothari in 2025, aims to become the "Disney from the East" by modernizing and globalizing Eastern mythology and cultural stories through advanced technology.

Alt Carbon, a Bengaluru-based climate tech company founded in 2023, employs Enhanced Rock Weathering by spreading crushed basalt rock on farmland to capture carbon dioxide, improve soil health, and increase crop yields, addressing climate change.

Biostate AI, co-founded by former Rice and MIT professors David Zhang and Ashwin Gopinath, leverages generative AI and novel RNA sequencing technologies to provide affordable, high-throughput gene data analysis, enhancing disease understanding and treatment.

"Biostate AI utilizes a novel technology to read a gene's data in a fast and low-cost manner," supporting scientists and doctors with deeper insights.

This diverse funding landscape highlights investor confidence across sectors including cybersecurity, entertainment, climate tech, and biotech, reflecting a dynamic startup ecosystem in India.

Sources: Inc42Businessoutreach
Indian startups CloudSEK, Mythik, Alt Carbon, and Biostate AI secured significant funding in May, contributing to a $231.7 million surge across 16 deals. These firms span cybersecurity, entertainment-tech, climate tech, and biotech, reflecting diverse investor interest amid a 53% weekly funding increase.
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Mythik aims to modernise and globalise Eastern mythology, folktales, and historical stories.
Jason Kothari
Founder of Mythik
Entrepreneur
Key Facts
  • Indian startups raised $151.6 million across 24 deals between May 12 and 18, followed by a 53% increase to $231.7 million across 16 deals between May 19 and 24 despite fewer deals.Inc421
  • Cleantech emerged as the top sector$89 million raised across three startups, while fintech and ecommerce also saw three deals each.Inc421
  • Euler Motors secured the largest single funding round of $75 million in Series D funding led by Hero MotoCorp and British International Investment.Inc42Businessoutreach2
  • Euler Motors, founded by Saurav Kumar in 2018 and headquartered in New Delhi, focuses on electric commercial vehicles, primarily three- and four-wheelers, with its flagship HiLoad EV touted as the most powerful electric three-wheeler in India.Entrepreneur
  • CloudSEK, founded in 2015 by cybersecurity expert Rahul Sasi, provides AI-powered threat intelligence tools that help enterprises identify and mitigate cyber threats in real-time.BusinessoutreachEntrepreneur
  • Mythik, founded by Jason Kothari in 2025, is an entertainment-tech startup aiming to become the 'Disney from the East' by sharing rich Eastern cultural stories globally through modern technology.BusinessoutreachEntrepreneur
  • Alt Carbon, a Bengaluru-based climate tech startup founded in 2023 by Shrey Agarwal and Sparsh Agarwal, uses Enhanced Rock Weathering by spreading basalt rock dust on farmland to capture CO2 and improve soil health.BusinessoutreachEntrepreneur
  • Biostate AI, founded by David Zhang and Ashwin Gopinath, develops affordable, high-throughput RNA sequencing technologies to fuel an AI platform decoding human diseases, bringing generative AI to molecular medicine.BusinessoutreachEntrepreneur
Key Stats at a Glance
Funding raised by Indian startups between May 19 and 24
$231.7Mn
1
Number of deals by Indian startups between May 19 and 24
16 deals
1
Funding raised by Indian startups between May 12 and 18
$151.6Mn
1
Number of deals by Indian startups between May 12 and 18
24 deals
1
Week-over-week increase in funding
53%
1
Funding raised by cleantech startups
$89Mn
1
Number of cleantech startups funded
3 startups
1
Number of deals in fintech sector
3 deals
1
Largest single funding round by Euler Motors
$75Mn
1
Euler Motors Series D funding amount
Rs 638 crore
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