Indian startups made 10 deals between October 21st and October 26th. The amount raised from these deals was around $145.5 million in funding this week. The total funding decreased by 70 percent compared to the previous week. Funding activity decreased in India’s startup ecosystem this week as the number went from last week’s 478 million USD raised across 29 deals to 145.5 USD million across 10 deals.
The Healthtech startup, Even Healthcare topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was around $50 million across 2 deals. inc42 reported. Even Healthcare offers an online platform with healthcare solutions and insurance services for hospitalization and emergency care.
This startup secured $30 million in its series A funding round from Khosla Ventures, 8VC, Founders Fund, and other investors. Zouk led the e-commerce sector with $10 million raised during its series B funding round from Aavishkaar Capital, Titan Capital, Stellaris Venture Partners, and others.
The seed funding sector saw a huge decline as it went down from last week’s $26.5 million to this week’s $126k. E-commerce startups secured the most deals and raised $10.4 million across 4 deals. The health tech sector emerged as the second favorite of investors this week as it raised $50 million across two deals.
The enterprise tech sector reported that the 30 million USD was raised across one deal. Meanwhile, the healthtech sector also emerged as the most funded sector this week, raising 50 million USD from two deals. 156 million across two deals. Healthify, the fitness and wellness solution offering healthtech startup secured $20 million during its pre-series D funding round from Khosla Ventures, Claypond Capital, and LeapFrog Investments.
Most of these startups were from e-commerce, enterprise tech, and healthtech sectors followed by agritech, deep tech, and enterprise tech startups like Neysa. Other major deals this week include. The agritech startup, Stellapps raised $26 million from Blume Ventures, Omnivore, and Miledeep Capital during its series C funding round with the participation of other investors.
The Enterprise tech startup Neysa secured $30 million during its new funding round from Nexus Venture Partners, and NTTVC. The Logistic startup Advance Mobility contributed $3 million in funding this week, as it raised $3 million in its fresh funding round from Growthcap Ventures, Finvolve, and India Accelerator. Wishnew Wellness raised $250k from angel investors.
Conclusion :
10 deals were made by Indian startups from 21st October to 26th October securing over $145.5 million in funding. Even Healthcare secured the biggest amount with $30 million raised in its series A funding round it dominated the funding trend in the healthtech sector.
Other notable investments include Stellapps which had the highest fundraising in the agritech sector with $26 million in its series C funding round. Most of these startups were from the e-commerce, health tech, and enterprise tech sectors followed by logistics and enterprise tech startups. E-commerce startups had the highest number of deals and raised $10.4 million from four deals.
Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.
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