Indian startups made 25 deals from November 4th to November 9th. The amount raised from these deals was around $138.7 million in funding this week. The total funding decreased by 61.7 percent compared to the previous week. Funding activity decreased in India’s startup ecosystem this week as the number went from last week’s $362 million raised across 13 deals to $138.7 million across 25 deals.
The fintech startup, Easy Home Finance topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $50 million across 2 deals. Easy Home Finance secured $35 million in its series B funding round from Claypond Capital, Finsight Ventures, Sumitomo Mitsui Banking Corporation, and other investors. The lending tech platform offers loaning services for low-income individuals and small businesses.
Boldfit led the e-commerce sector with $13 million raised during its fresh funding round from Bessemer Venture Partners and other investors. The fintech startup Modifi secured $15 million during its ongoing funding round from Maersk, Heliad, Sumitomo Mitsui Banking Corporation, and other investors. The growth stage deals included 3 startups that raised around $55.92 million this week. Fintech startups secured the most deals along with SaaS and AI startups with 3 deals each.
Early-stage startups raised $82.78 million across 20 deals this week. The deep tech startup, Galaxeye raised $10 million in its series A funding round from Mela Ventures, Speciale Invest, Infosys, and other investors. Hala Mobility is a travel tech startup that offers transportation services through its online platform.
The startup led the funding in the travel tech sector and raised $6 million from Bestvantage, Sarthy Angels, Srikanth Reddy, Snehith Rddy, and others during its pre-series A funding round. Another travel tech startup The Hosteller contributed $5.7 million in funding this week raised across its new funding round from V3 ventures, Real-Time Angel Fund, and others.
Most of these startups were from Fintech, AI, and SaaS sectors followed by deep tech, EV, and health tech startups like Viraa Care. Other major deals this week include. Robotics AI-based deep tech startup, CynLr raised $10 million from Athera Venture Partners, Speciale Invest, and Redstart labs during its series A funding round with the participation of other investors.
The Enterprise tech startup Thesys secured $4 million during its seed funding round from Together Fund and 8VC. The D2C startup Wholeleaf contributed $356k in funding this week, as it raised this amount in its fresh funding round from ah! Ventures.
Conclusion :
25 deals were made by Indian startups from November 4th to November 9th securing over $138.7 in funding. Easy Home Finance secured the biggest amount with $35 million raised in its series B funding round it dominated the funding trend in the fintech sector.
Other notable investments include Boldfit which had the highest fundraising in the e-commerce sector with $13 million in its funding round. Most of these startups were from the fintech, SaaS, and AI followed by health tech startups like Viraa Care which raised $108k in its pre-seed funding round.
Hi, This is Scoopearth’s admin profile. Scoopearth is a well-known Digital Media Platform. We share Very Authentic and Meaningful information related to start-ups, technology, Digital Marketing, Business, Finance, and many more.
Note: You can mail us at info@scoopearth.com with any further queries.
Linkedin Page : https://www.linkedin.com/company/scoopearth-com/