Indian startups made 21 deals from 11 November to 16 November. The amount raised from these deals was around $185.8 million this week, an increase of 49 percent compared to the previous week. Funding activity increased in India’s startup ecosystem this week, as the number went from last week’s $125 million raised across 18 deals to $185.8 million across 21 deals.
Fintech startup SarvaGram topped the overall and sectorial funding list this week. The total funding amount raised by the startups in this sector was $67 million across one deal. Sarvagram secured $67 million in its series D funding round from peak XV Partners, TVS Capital, and other investors. The company offers lending solutions for small businesses and individuals. Bhanzu led the edtech sector with $16.5 million raised during its series B funding round from Epiq Capital, Lightspeed Ventures, Z3 Partners, and Eight Roads. Another edtech startup Creanovation Technologies secured $592k during its fresh funding round from Physis Capital.
The seed funding sector saw a 10 percent increase compared to last week’s $5.4 million to this week’s $5.9 million. Enterprise tech startups secured the most deals and raised $47 million across seven deals. The clean tech sector emerged as the second favorite of investors this week as it raised $24 million across two deals. The edtech tech sector also reported the same number of deals and raised $17 million. Wheelocity, the agritech platform offering agri-products and related solutions secured $15 million during its series A funding round from Alteria Capital, Lightspeed, Anicut Capital, and others.
Most of these startups were from enterprise tech, edtech, and clean tech sectors followed by agritech, fintech, and deep tech startups like Airbound. Other major deals this week include. A cleantech startup, the ePlane company raised $14 million from Speciale Invest, Micelio Mobility, and Antares Ventures during its series B funding round with the participation of other investors.
The enterprise tech startup Equal contributed $10 million in funding this week, as it raised $10 million in its series A funding round from Prosus Ventures, Tomales Bay Capital, and others. Ugaoo led the list in the e-commerce sector with $5.6 million raised in its series A funding round from V3 Ventures, RPG Ventures, and DSG Consumer Partners.
Conclusion :
21 deals were made by Indian startups from November 11 to November 16th securing over $185.8 million in funding. SarvaGram secured the biggest amount with $67 million raised in its series D funding round it dominated the funding trend in the fintech sector. Other notable investments include Wheelocity which had the highest fundraising in the agritech sector with $15 million in its series A funding round.
Most of these startups were from the enterprise tech, clean tech, and edtech sectors followed by cleantech startups like Vecmocon which raised $10 million in its series A funding round from Ecosystem Integrity Fund, British International Investment Fund, and others. Enterprise tech startups had the highest number of deals and raised $47 million from seven deals.
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