Indian startups made 18 deals from 2nd December to 7th December. The amount raised from these deals was around $249.6 million in funding this week. The total funding amount increased by 72 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 144.8 million USD raised across 14 deals to 249.6 USD million from 18 deals.
The fintech startup, Vastu topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $101 million across four deals. Vastu secured $100 million in a fresh funding round from Prosus. The lending tech platform offers loans to businesses and individuals. Fintech also emerged as the favorite sector of investors this week as it crossed 101 million USD across four deals. The enterprise tech firm, Enterpret led the enterprise tech funding list with $20.8 million raised from Peak XV partners, Canaan Partners, Wing Ventures, and other investors during its series A funding round.
The seed funding sector saw a 63 percent increase this week as it went from last week’s $3 million to this week’s $4.9 million across five deals. E-commerce startups secured the second-highest deals and raised $9.7 million across four deals. Enterprise tech raised $25.3 million from three deals this week. The clean tech sector had the same number of deals and raised $15.3 million. Ultraviolette led the funding list for the cleantech sector this week. This online platform provides electric vehicles and related services. The startup secured $15.3 million during its fresh funding round from Zoho, Ojas Consultation, and Mudhal Partners.
Most of these startups were from fintech, e-commerce, cleantech, and enterprise tech, followed by media & entertainment, and healthtech startups like Orange Health. Other major deals this week include. The e-commerce startup, Masterchow raised $6.5 million during its series A funding round from Peak XV Partners, Tanglin Venture Partners, WEH Ventures, and others.
The healthtech firm Orange Health contributed $12 million in funding this week, as it raised this amount in its new funding round from Amazon Smbhav Venture Fund, General Catalyst, Accel, Y combinator, and Bertelsmann India Investments. Medial led the media and entertainment sector list, raising 500k USD in its pre-series A funding round from OG Capital.
Conclusion :
18 deals were made by Indian startups from December 2nd to December 7th securing over $249.6 million in funding. Vastu secured the biggest amount of $100 million from Prosus in its funding round and dominated the funding trend in the fintech sector. Other notable investments include Enterpret which had the highest fundraising in the enterprise tech sector with $20.8 million in its series A funding round.
Most of these startups were from the fintech, e-commerce, cleantech, enterprise tech, and health tech sectors, followed by consumer services startups like Atmosphere-the stone makers, which raised $591k in its funding round from Artha Venture fund and PIL Italica Lifestyle. E-commerce and fintech startups had the highest number of deals each with four deals.
Hi, This is Scoopearth’s admin profile. Scoopearth is a well-known Digital Media Platform. We share Very Authentic and Meaningful information based on Real facts and Verification related to start-ups, technology, Digital Marketing, Business and Finance.
Note: You can reach us at support@scoopearth.com with any further queries.
Linkedin Page : https://www.linkedin.com/company/scoopearth-com/
Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.