India, May 3 -- The ghosts of alleged financial mismanagement and corporate governance lapses continued to dent private investor sentiment in the world's third largest startup ecosystem this week. Between April 28 and May 3, Indian startups managed to raise a mere $54.7 Mn across 15 deals, down 46% from the $100.3 Mn raised by 18 startups last week.

This marked the lowest week of private investment in the Indian startup ecosystem in 2025, barring the first week of January. However, the week saw Urban Company becoming the first company to file for an IPO this year. Meanwhile, Ather Energy's IPO closed this week with a lukewarm investor interest. With this, Ather will become the first startup to get listed on the bourses this year.

With t...