Indian startups made 20 deals from 12th August to 17th August. The amount raised from these deals was around $395.63 million in funding this week. The total funding amount increased by 250 percent compared to the last week. Funding activity saw an increase in India’s startup ecosystem this week as the number went from last week’s $112 million raised across 22 deals to $395.63 million across 20 deals.
The travel tech platform, Oyo topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $180.43 million across three deals. Oyo secured $175 million in a fresh funding round from its existing and new investors. The online hotels and transportation services offering travel tech startup Oyo secured this amount in its series G funding round.
The funding round saw the participation of ASK Financial Holdings, InCred Wealth, Patient Capital, and J&A Partners. The company provides affordable accommodations with transportation services. Another travel tech startup Fresh Bus secured $5.2 million during its Series A funding round from Maniv Mobility.
The seed funding sector decreased by 32 percent, as it went up from last week’s $13 million to $ 8.85 million this week. Fintech startups secured the highest number of deals and raised $38.6 million across five deals. The clean tech sector emerged as the second favorite of investors this week as it raised $104 million across three deals. Ather Energy led the list of cleantech in funding.
This two-wheeler electric vehicle manufacturing company secured $71 million during its ongoing funding round from the National Investment and Infrastructure Fund. The company specializes in manufacturing fast and intelligent electric two-wheelers in the EV market.
Most of these startups were from fintech, cleantech, travel tech, and enterprise tech sectors followed by consumer services, and e-commerce startups like Beco. Other major goals this week include. The e-commerce startup Beco is a D2C kitchen, and personal care company that raised 10 million USD from Tanglin Venture Partners in its pre-series funding round with the participation of Titan Capital Winners Fund, promoter of Asian Paints, Manish Chokshi.
The enterprise tech startup Neo Group contributed $46.7 million in funding this week, as it raised $46.7 million in its funding round from MUFG Bank with the participation of Euclidean Capital LLC and Peak XV Partners.
Conclusion :
20 deals were made by Indian startups from 12th August to 17th August securing over $395.63 million in funding. OYO secured the biggest amount, with its $175 million in fundraising it dominated the funding trend in the travel tech sector. Other notable investments include Ather Energy which had the highest fundraising in the clean tech sector with $71 million in its fresh funding round led by NIIF.
Most of these startups were from travel tech, clean tech, enterprise tech, fintech, and e-commerce sectors followed by deep tech and healthtech startups like 4basecare which raised $6 million in its series A round. Fintech startups had the highest number of deals and raised $38.6 million from five deals.
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