Indian startups made 25 deals from 15th July to 20th July. The amount raised from these deals was around $200.16 million in funding this week. The numbers in funding amount increased by 45 percent compared to the last week. Funding activity in India’s startup ecosystem increased this week, as the number went from last week’s 138.04 million USD raised across 15 deals to $200 million across 25 deals.
The Lending platform, Slice led the overall and the fintech sectorial funding list this week. The total funding amount raised by this fintech unicorn was reported to be $30 million in its debt funding round led by Neo Asset Management. Travel tech startup, Blusmart came second on the list with $24 million raised in its funding round. Blusmart’s $24 million funding round and Namma Yatra’s $11 million fundraising made the travel tech sector second most favorite among investors for this week. Travel tech startups secured $40.48 million across four deals. Newme is an e-commerce fashion startup that raised $18 million in its series A funding round from Accel with the participation of AUM Ventures and Fireside Ventures.
The seed funding sector grew in funding this week, as it went up from last week’s $8.33 million to $9.78 million this week. A 17% increase in fundraising was seen at the seed funding level. E-commerce startups had the highest number of deals and raised $48.6 million across six deals. Lenskart led the funding in the e-commerce sector with $19.1 million. Lenskart is an eyewear retailer company that has secured $20 million from Amit Chaudhary, Sumeet Kapahi, Neha, and Peyush Bansal.
Most of these startups were from e-commerce, fintech, and enterprise tech sectors followed by healthtech and cleantech startups like Boon. Other major deals this week include. Drone tech startup Aero secured $15 million in its series B round led by Navam Capital, 360 ONEasset, and startupXseed Ventures.
UptimeAI an enterprise tech startup raised $14 million in its series A funding round from WestBridge Capital, Aditya Birla Ventures, and Emergent Ventures. Lifetime Health led the list for health tech sectors with $1.5 million raised during its seed funding round from The Garge Syndicate. Nazara acquired Paper Boat Apps after buying 48.42 percent of its shares for Rs 300 crore.
Conclusion:
25 deals were made by Indian startups from 15th July to 20th July securing over $200 million in funding. Slice secured the biggest amount, with its $30 million in fundraising it dominated the funding trend in the fintech sector. Other notable investments include Blusmart which had the highest fundraising in the travel tech sector with $24 million in its fresh funding round led by neo asset management.
Most of these startups were from fintech, e-commerce, and enterprise tech sectors followed by cleantech startups like Boon which raised $5 million in its series A round from Spanish Roca Group Ventures. E commerce startups had the highest number of deals and raised $48.6 million from six deals followed by the travel tech sector with $40.48 million raised among four deals.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
