With 36 firms raising over $628.24 million this week, the Indian startup ecosystem experienced a significant influx of capital, up a staggering 174.5% over the previous week.

Edtech startup Physics Wallah (PW), which raised $210 billion in its Series B investment round and increased its value to $2.8 billion, drove the funding momentum. Leading the round was Hornbill Capital, with Lightspeed Venture Partners and long-time backers GSV and WestBridge contributing significantly.

Amidst the favorable investment climate in the nation, 14 growth-stage and 17 early-stage agreements were completed this week.

Whatfix, a SaaS-based supplier of digital adoption solutions, raised $100 million, according to an Entrackr report. But the business hasn’t yet revealed the money to the public.

Redcliffe, an omnichannel diagnostics service provider, raised $42 million, while iBUS, a digital infrastructure firm, raised $34 million. M2P Fintech, an API infrastructure platform, raised $50 million.

As part of its continuing $50 million Series C investment round, fleet management business Everest Fleet successfully received $30 million, allowing it to grow operations and increase the number of clean-energy cars in its fleet, including CNG and electric vehicles (EVs).

The recruiting platform Vahan.ai, which uses AI, has announced that Khosla Ventures is leading a $10 million Series B fundraising round. The money received will go toward creating AI hiring software that supports the eight most common Indian languages.

With 12 agreements this week, Bengaluru-based startups took the lead, followed by Hyderabad, Delhi-NCR, Mumbai, and Chennai.

More than $229 million in capital was obtained by 24 domestic firms last week, including six growth-stage transactions totaling $182.65 million. Thirteen first agreements totaling $46.14 million were made this week.

With 28 agreements each week, the average financing over the last eight weeks has been around $393 million.