Indian startups made 20 deals from 17th December to 21st December. The amount raised from these deals was around $171.2 million in funding this week. The total funding amount decreased by 73 percent compared to the last week. Funding activity declined in India’s startup ecosystem this week as the number went from last week’s 635.8 million USD raised across 25 deals to 171.2 million USD from 20 deals.
The enterprise tech startup, Zetwerk topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $117 million across five deals. Zetwerk secured $70 million in its series F funding round from Khosla Ventures, Peak XV Partners, and other investors. The enterprise tech firm offers a B2B platform for manufacturing solutions.
The enterprise tech sector also emerged as the most funded sector with 117 million USD raised across five deals. The fintech firm, Veefin led the Fintech funding list with $16 million raised during its new funding round from new and existing investors.
The seed funding sector saw an 85 percent decrease this week as it went from last week’s $17 million to this week’s $9.2 million. Fintech startups secured the highest deals and raised $24 million across five deals. The health tech sector had two deals and raised $4 million. Travel tech raised 9 million USD across one deal this week. ZingBus led the funding list for the travel tech sector this week. This transport tech platform provides transportation and related services. The startup secured $9 million during its fresh funding round from BP Ventures.
Most of these startups were from fintech, enterprise tech, and health tech startups followed by edtech and Cleantech startups like Fitsol. Other major deals this week include. The edtech startup, Seekho secured $8 million during its series A funding round from Elevation Capital and Lightspeed. Another enterprise tech startup, Hostbooks raised $5 million in its series B funding round from Orange Orbit LLP.
The deep tech firm Quanfluence contributed $2 million in funding this week, as it secured this amount in its seed funding round from Golden Sparrow, Reena Dayal, and Pi Ventures. Arata led the Real e-commerce sector list, raising 4 million USD in its series A funding round from BOLD, Unilever Ventures, and Skywalker Family Office.
Conclusion :
20 deals were made by Indian startups from December 17th to December 21st securing over $171.2 million in funding. Zetwerk secured the biggest fund of $70 million from Khosla Ventures and other investors in its series F funding round and dominated the funding trend in the enterprise tech sector. Other notable investments include Veefin which had the highest fundraising in the fintech sector with $16 million in its recent funding round.
Most of these startups were from the enterprise tech, fintech, health tech, edtech, and travel tech sectors followed by cleantech startups like ZunRoof, which raised $2.3 million in its funding round from ANBG Enterprise LLP, Godrej Family Office, and other investors. Fintech and enterprise tech startups had the most deals each with five 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.
0 Comments