Indian startups made 22 deals from 9th September to 14th September. The amount raised from these deals was around $227.1 million in funding this week. The total funding decreased by 34 percent compared to the previous week. Funding activity decreased in India’s startup ecosystem this week as the number went from last week’s $348 million raised across 19 deals to $227.1 million across 22 deals.
The Enterprise tech startup, InMobi topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $106.6 million across five deals. InMobi secured $100 million in its debt funding round from Mars Growth Capital and other investors. The company provides several products including app install campaigns, display ads, and native ads. Another Enterprise tech startup, Futwork secured $2.5 million in its series A funding round from the Michael & Susan Dell Foundation, and others. AppsForBharat led the consumer internet sector with $18 million raised during a series B funding round from Peak XV, Fundamentum, and Mirae Asset VC.
The seed funding sector saw a two-times increase this week as it went up from last week’s $10 million to this week’s $24.9 million. E-commerce startups secured the most deals and raised $9.4 million across five deals. The Fintech sector emerged as the second favorite of investors this week as it raised $80.1 million across four deals. Flexi loans led the list of fintech in funding this week. This lending tech platform provides financial advisory and loan options to its customers. The FinTech startup secured $34.5 million during its series C funding round from Nuveen, Maj Invest, Fundamentum, and Accion.
Most of these startups were from enterprise tech, fintech, and health tech sectors followed by consumer services, deep tech, and clean tech startups like Exposome. Other major deals this week include. A gaming startup, GameEon raised $1 million from SucSeed Innovation Fund during its fresh funding round with the participation of other investors including Nexus Global Opportunities Fund, and CD Equifinance. The healthtech startup Newmi Care contributed $1.5 million in funding this week, as it raised $1.5 million in its seed funding round from Lets Venture, and Sprout Venture Partners. Dharaksha Ecosolutions led the list in the agritech sector with $3 million raised in its seed funding round from Avaana Capital.
Conclusion :
22 deals were made by Indian startups from September 9th to September 14th securing over $227.1 million in funding. InMobi secured the biggest amount, buoyed by $100 million raised in its debt funding round it dominated the funding trend in the enterprise tech sector. Other notable investments include the FlexiLoans which had the highest fundraising in the fintech sector with $34.5 million in its series C funding round.
Most of these startups were from the healthtech, fintech, and enterprise tech sectors followed by cleantech startups like Exposime which raised $1.7 million in its pre-series A funding round. Enterprise tech startups had the highest number of deals and raised $106.6 million from five deals.
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