Indian startups made 29 deals from October 14th and October 19th. The amount raised from these deals was around $478 million in funding this week. The total funding increased by 319 percent compared to the previous week. Funding activity increased in India’s startup ecosystem this week as the number went from last week’s $86.4 million raised across 16 deals to $478 million across 29 deals.
The e-commerce startup, Purplle topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $126.9 million across 12 deals. Purplle secured $178.5 million in its series F funding round from Abu Dhabi Investment Authority, Blume Ventures, and other investors.
The company offers an online platform for beauty and skincare-related products. Eridutus led the edtech sector with $150 million raised during its series F funding round from TPG global impact investment platform, the Rise fund. The fintech startup Slice secured $8.6 million during its new funding round from Rajan Bajaj and other investors.
The seed funding sector saw a 48.8 percent increase as it went up from last week’s $17.8 million to this week’s $26.5 million. E-commerce startups secured the most deals and raised $126.9 million across 12 deals. The enterprise tech sector emerged as the second favorite of investors this week as it raised $86 million across seven deals.
The deep tech sector also reported the 9.4 million USD raised across three deals. Meanwhile, the edtech sector emerged as the most funded sector this week as it raised $156 million across two deals. GIVA, the D2C jewelry brand offering gold, diamond, and other jewelry secured Rs 255 crore during its series B funding round from Premji Invest, Edelweiss Discover Fund others.
Most of these startups were from e-commerce, enterprise tech, and deep tech sectors followed by real estate tech, deep tech, and edtech startups like Eridutus. Other major deals this week include. Virat-Kohli-backed men’s wear startup, WROGN raised $9 million from Aditya Birla Digital Fashion and others during its fresh funding round with the participation of other investors.
The enterprise tech startup Everstage contributed $30 million in funding this week, as it raised $30 million in its series B funding round from Eight Roads Ventures and others. Neuron7.ai raised $44 million in its series B funding round from Smith Point Capital.
Conclusion :
29 deals were made by Indian startups from October 14th to October 19th securing over $478 million in funding. Purplle secured the biggest amount with $178.5 million raised in its series F funding round it dominated the funding trend in the e-commerce sector.
Other notable investments include Eridutus which had the highest fundraising in the edtech sector with $150 million in its series F funding round. Most of these startups were from the e-commerce, deep tech, and enterprise tech sectors followed by edtech startups and real estate tech startups. E-commerce startups had the highest number of deals and raised $126.9 million from 12 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.
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