Indian startups made 15 deals from 7th July to 13th July. The amount raised from these deals was around $138 million in funding this week. The total funding amount dropped by 22 percent compared to the last week’s number. The overall Funding activity in India’s startup ecosystem declined this week, as the number went from last week’s 176 million USD raised across 16 deals to 138 million USD across 15 deals. Here we are talking about Indian startups raised $138 million this week led by dezerv, Infra.Market, and Arya.ag.
The Fintech startup Dezerv, led the overall list and the Fintech sectorial funding list this week. The total funding amount secured by the startups in this sector was around 34.6 million USD raised across two deals. The e-commerce sector led the list with $49.3 million raised across five deals. Dezerv secured $32 million in its Series B funding round, co-led by Premji Invest, Accel Partners, and Matrix Partners. Arya.ag was the second on the list with $29 million raised. Goat Brand Labs is an e-commerce roll-up startup that secured $21 million in a debt and equity funding round led by Mayfield, BlackRock, NB Ventures, and others.
The seed funding sector had an increase in funding this week, as it went up from last week’s $3.05 million to $8.33 million this week. A 173% increase in fundraising was seen at the seed funding level. E-commerce startups had the highest number of deals and raised $49.3 million across five deals. Infra.Market placed third in the amount of funds raised this week. The construction startup, infra. market secured $22 million in its debt funding round co-led by Yubi and Samunnati with the participation of IKF Home Finance, Raymond, and Vivriti Capital.
Most of these startups were from e-commerce, health tech, media & entertainment, fintech, and enterprise tech sectors, followed by real estate tech and consumer services like Qaematek. Some other major deals this week include the acquisition of GalaxEye Space company’s stake by IdeaForge for Rs 8.28 crore. Larsen & Turbo acquired semiconductor manufacturing startup SiliConch for Rs 183 crore. GOAT brand labs secured $21 million in a funding round led by BlackRock, NB Ventures, and Matfield. Deeptech startup iVP Semi also secured $5 million in its pre-series A funding round.
Conclusion
15 deals were made by Indian startups from 7th July to 13th July securing over $138 million in funding. Dezerv secured the biggest amount of $32 million in fundraising it dominated the funding trend in the fintech sector. Other notable investments include agritech startup Arya.ag secured $29 million in its pre-series D funding round led by Blue Earth Capital, Quona Capital, and Asia Impact SA.
The e commerce startup, Infra.Market raised $22 million in its debt funding round led by Yubi with the participation of Vivriti Capital, Samunati, Raymong, and IKF Home Finance. Most of these startups were from e-commerce, deep tech, fintech, health tech, and media & entertainment followed by consumer services, and real estate startups like Jugyah. E-commerce startups had the highest number of deals and raised $49.3 million across five deals.
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