Indian startups made 90 deals from 1st November to 30th November. The amount raised from these deals was around $971.61 million in funding for this month. This includes 14 growth-stage deals securing $708.12 million and 67 early-stage deals worth $263.5 million. The total funding amount decreased by 19 percent compared to the last month. Funding activity in India’s startup ecosystem declined this month, as the number went from last month’s 1.2 billion USD raised across 119 deals to $971.6 million across 90 deals.
The overall funding decreased but the major investments like Zepto showed strong investor interest. The ecommerce startup, Zepto led the overall and the sectorial funding list this month. The total funding amount raised by this e-commerce company was around 350 million USD from Motilal Oswal in its series F funding round. Sarvagram is a finance solution offering fintech startup that secured $67 million in its ongoing series D funding round from its existing investors Peak XV Partners. The e-commerce platform, Healthkart received an investment of $153 million from Motilal Oswal and ChyrsCapital during its Series I funding round.
The SaaS startup UnifyApps raised $20 million in its series A funding round from Iconiq Growth and led the funding list for early-stage startups. Healthtech firm, OneCell Diagnostics led the list for healthtech startups in early-stage funding with $16 million raised from Celesta Capital during its series A funding round. BoldFit led the funding in the early-stage e-commerce sector with $13 million. Wheelocity is a retail tech startup that raised $15 million from Lightspeed in its series A funding round. The early-stage manufacturing platform SM Toys led the manufacturing sector with $13.22 million secured in its series A funding round.
Most of these startups were from the SaaS, e-commerce, fintech, and health tech sectors followed by EV, deep tech, and retail startups like Wheelocity. The E-commerce sector dominated the total funding with $535.79 million raised across 11 deals followed by fintech startups securing $155.7 million from 9 deals. SaaS startups raised the most number of deals and secured $53.13 million from 12 deals.
Other major deals this week include. The Gaming major Nodwin Gaming acquired the gaming firm Trinity Gaming for $2.84 million. Around 28 startups raised funds during the seed funding round and 26 deals were done in the series A round followed by 6 deals in the series B funding rounds.
Conclusion :
90 deals were made by Indian startups from 1st to 30th November securing over $971.61 million in funding. Zepto secured the biggest amount, with its $350 million in fundraising it dominated the funding trend in the e-commerce sector. Other notable investments include HealthKart which had the second-highest fundraising in the e-commerce sector with $153 million in its fresh funding round led by ChrysCapital and Motilal Oswal.
Most of these startups were from the fintech, e-commerce, and SaaS sectors followed by logistics startups like Locad which raised $9 million in its pre-series B funding round. E-commerce startups raised the most funds and contributed $535.79 million across 11 deals this month.
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