Indian startups made 16 deals from 1st June to 6th June. The amount raised from these deals was around $176 million in funding this week. The funding amount decreased by 10.3 percent compared to last week. Funding activity in India’s startup ecosystem declined this week, as the number went from 196.4 million USD raised across 17 deals to 176 million USD across 16 deals. We are disscusing about Indian startups raised $176 million this week, led by Purplle and Matter.
We are disscusing about Indian startups raised $176 million this week, led by Purplle and Matter:
The beauty platform Purplle led the overall list and the e-commerce sectorial funding list this week; the total funding amount raised by the startups in this sector was reported to be $129.6 million across six deals. Beauty product provider Purplle secured $120 million in its funding round from the Abu Dhabi Investment Authority. After this round, the company had a valuation of around $1.2 billion to $1.3 billion. The startup will use these fresh proceeds for business growth, enhance its platform, market expansion, and general corporate expenses.
The seed funding sector saw a decline in funding this week, as it went up from last week’s $6.9 million to $3.05 million. A 50% decrease in fundraising was seen at the seed funding level. E-commerce startups had the highest number of deals and raised $129.6 million across six deals. The matter was placed second in the amount of funds raised this week. The matter is an energy storage and e-mobility startup that raised $35 million in its series B funding round led by VC firm Helena with investors’ participation, including Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company, and Capital 2B. The post-allotment valuation of the company is expected to be around $204 million.
Most of these startups were from e-commerce, media & entertainment, fintech, and deep tech sectors, followed by cleantech and consumer services like Wify. Some other significant deals this week include Healthtech startup Watch your Health, which secured $5 million in its series A round led by Conquest Global and Cornerstone Ventures. Dice is a fintech startup that raised $5 million from Dallas Venture Capital and GVFL. Media & Entertainment company Pepul secured $4 million in its pre-series A funding round. Wify also raised $3 million in its ore-series A round led by Capira and Mount Judi Ventures.
Conclusion
Sixteen deals were made by Indian startups from 1st June to 6th June, securing over $176 million in funding. Purple secured the immense amount, buoyed by its $120 million in fundraising, and it dominated the funding trend in the e-commerce sector. Other notable investments include Healthtech startup Watch your Health, which secured $5 million in its series A round led by Conquest Global and Cornerstone Ventures. Dice raised $5 million from Dallas Venture Capital and GVFL. Most of these startups were from e-commerce, deep tech, fintech, media & entertainment, and logistics, followed by cleantech and consumer services like Wify. E-commerce startups had the highest number of deals and raised $129.6 million across six deals.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
