Indian startups made 21 deals from 10th June to 15th June. The amount raised from these deals was more than $201 million in funding this week. The funding amount increased by 107 percent compared to last week’s report. Funding activity in India’s startup ecosystem saw a 2-time jump this week, as the number went from last week’s $97.3 million raised across 10 deals to $201.8 million across 21 deals.
Cleantech startups lead the list this week at the sectoral level, as the total funding amount raised by startups in this sector was reported to be $71 million across three deals. Battery Smart secured the most significant amounts; with $65 million in fundraising, it dominated the funding trend in this sector.
Battery Smart is a cleantech startup that raised $65 million in its series B funding round, which was led by LeapFrog Investments. Investors participating in this debt and equity round include Panasonic, the British International Fund, BlumeVentures, The Ecosystem Integrity Fund, and the MUFG Bank.
The seed funding sector saw an increase in funding this week, as it went up from last week’s $3.5 million to $9.4 million. A 214% increase in fundraising was seen in the seed funding level. Battery Smart’s funding round led the cleantech sector to the top of this week, followed by cleantech and deep tech startups. The two industries are tied in a secured number of deals, but the e-commerce sector has the highest fundraising with $51.9 million through six deals.
Foxtale raised the most money in the e-commerce sector, with $18 million in its series B round from existing investors and Panthera Growth Partners. Most startups were from cleantech, e-commerce, and deep tech sectors, followed by fintech, health tech, and real estate tech like Smartworks. Other significant deals this week include KreditBee’s NBFC subsidiary, KB NBFC, which raised $32 million from Neo Group, Dzerv, and Yubi. Deepika Padukone’s beauty and skincare startup, 82°E, announced a $6 million fundraising.
Conclusion
21 deals were made by Indian startups from 10th June to 15th June, securing over $201 million in funding. Battery Smart secured the most significant amounts; buoyed by its $65 million fundraising, it dominated the funding trend in this sector. Other notable investments include Foxtale, which had the highest fundraising in the e-commerce sector with $18 million in its series B round from its existing investors, and Panthera Growth Partners.
Most of these startups were from cleantech, e-commerce, and deep tech sectors, followed by fintech, health tech, and real estate tech like Smartworks. A 214% increase in fundraising was seen in the seed funding level. Funding activity in India’s startup ecosystem saw a 2-time jump this week, as the number went from last week’s $97.3 million raised across 10 deals to $201.8 million across 21 deals. Battery Smart’s funding round led the cleantech sector to the top of this week, followed by cleantech and deep tech startups.
