Indian startups made 14 deals from 25th November to 30th November. The amount raised from these deals was around $144.8 million in funding this week. The total funding amount decreased by 75 percent compared to the last week. Funding activity saw a decline in India’s startup ecosystem this week as the number went from last week’s 579.5 million USD raised across 18 deals to $144.8 million across 14 deals.
The Gaming company, Nazara Technologies 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 one deal. Nazara Technologies secured $101.3 million in a fresh funding round from SBI Mutual Fund, Think India Opportunities Master Fund and others. The media and entertainment firm offers e-sports leagues and casual mobile gaming applications. E-commerce emerged as the favorite sector of investors this week as it raised $8 million across four startups. The B2C e-commerce firm, All Things Baby led this sector with $3.6 million raised from Inoventures and Richa Choksi during its series A funding round.
The seed funding sector saw a 73 percent decrease this week as it went from last week’s $10.9 million to this week’s $3 million. Cleantech startups secured the second-highest deals and raised $12 million across three deals. Enterprise tech raised $14 million from four deals this week. The Fintech sector had the same number of deals and raised $9 million. Alt Mobility led the funding list for the cleantech sector this week. This online platform provides electric vehicles for lease with logistics delivery services. The startup secured $10 million during its series A funding round from Shell Ventures, Eurazeo, EV2 Ventures, and Twynam Earth Fund.
Most of these startups were from e-commerce, cleantech, enterprise tech, and fintech sectors followed by media & entertainment, and travel tech startups like Homversity. Other major deals this week include. The enterprise tech startup, ShopDeck raised $8 million during its series B funding round from Bessemer Venture Partners, Chiratae Ventures, Elevation Capital, and others. The fintech firm Onecard contributed $8.5 million in funding this week, as it raised this amount in its new funding round from Peak XV, Better Tomorrow Ventures, and Z47. ParkMate led the travel tech sector list with 1.2 million USD raised in its fresh funding round from Cactus Partners.
Conclusion:
14 deals were made by Indian startups from November 25th to November 30th securing over $144.8 million in funding. Nazara Technologies secured the biggest amount of $101.3 million raised in its funding round it dominated the funding trend in the media and entertainment sector. Other notable investments include Alt Mobility which had the highest fundraising in the clean tech sector with $10 million in its series A funding round.
Most of these startups were from the e-commerce, cleantech, enterprise tech, and fintech sectors followed by travel tech startups like ParkMate which raised $1.2 million in its funding round from Cactus partners. E-commerce startups had the highest number of deals.
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