Indian startups made 20 deals from January 6th to January 11th. This week, around $432.4 million in funding was raised from these deals, an increase of 30 times compared to last week. Funding activity grew in India’s startup ecosystem this week, as the number went from last week’s 14 million USD raised across 5 deals to 432.4 million USD from 20 deals.
The health tech startup, Innovaccer topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $283.4 million across three deals. Innovaccer secured $275 million in its series F funding round from Banner Health, B Capital Group, Generation Investment Management, and other investors.
The Healthcare SaaS firm offers a data analytics platform for healthcare providers. The health tech sector also emerged as the most funded sector with 283.4 million USD raised across three deals. The fintech firm, Infinity Fincorp led the fintech sector with $35 million raised during its new funding round from Redsprig Innovation Partners. Another fintech startup, GrayQuest secured $9.3 million during its series B funding round from IIFL Fintech Fund, Pravega Ventures, and Claypond Capital.
The seed funding sector saw a 225 percent increase this week as it went from last week’s $787k to this week’s $2.6 million. Fintech, Health tech, clean tech, and e-commerce startups secured 3 deals each. The travel tech sector had one deal and raised $65 million. FinTech raised 48.9 million USD across three deals this week. Beyond Snack led the funding list for the e-commerce sector this week. This D2C platform provides banana-chip snacks. The startup secured $8.3 million during its series A funding round from 12 Flag Group, NAB Ventures, FAAD Network, and Japanese VC firm Enrission India Capital.
Most of these startups were from fintech, health tech, and clean tech startups followed by travel tech and agritech startups like Waycool. Other major deals this week include. The clean tech startup, EMO Energy secured $6.2 million during its series A funding round from Transition VC and Subhkam Ventures. Another clean tech startup, Moonrider raised $2.2 million in its seed funding round from Micelio Fund and AdvantEdge Founders.
E-commerce firm RAS Luxury contributed $5 million this week, securing this amount in its series A funding round from Unilever Ventures and Amazon Smbhav Venture Fund. Waycool led the agritech sector list, raising 4.4 million USD in its funding round from Alteria Capital, Stride Ventures, and Trifecta Capital.
Conclusion:
20 deals were made by Indian startups from January 6th to January 11th securing over $432.4 million in funding. Innovaccer secured the biggest fund of $275 million from B Capital Group, Banner Health, and other investors in its series F funding round and dominated the funding trend in the health tech sector.
Other notable investments include Infinity Fincorp, which raised the highest fundraising in the fintech sector with $35 million in its recent funding round. Most of these startups were from the health tech, fintech, clean tech, and travel tech sectors followed by agritech startups like Waycool, which raised $4.4 million in its funding round from Trifecta Capital and other investors.
Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.
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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.
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