Indian startups made 22 deals from 16th September to 21st September. The amount raised from these deals was around $447.5 million in funding this week. The total funding was up by 97 percent compared to the previous week. Funding activity increased in India’s startup ecosystem this week as the number went from last week’s $277.1 million raised across 22 deals to $447.5 million across the same number of deals.
The Edtech startup, Physics Wallah topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $210 million across one deal. Physics Wallah secured $210 million in its series B funding round from Hornbill investors and other investors.
The company provides an online coaching platform for IIT/JEE and other courses including offline coaching institutes. iBUS led the enterprise tech sector with $34 million raised during its fresh funding round from IFC. Another Enterprise tech startup Vahan.ai secured $10 million during its series B funding round from Khosla Ventures.
The seed funding sector saw a huge decline this week as it went up from last week’s $24.9 million to this week’s $2.3 million. Enterprise tech secured the most deals and raised $46.3 million across three deals. The Fintech sector also reported the same number of deals and raised $45.6 million. The travel tech sector emerged as the second favorite of investors this week as it raised $35 million across two deals. Aye Finance, the lending tech platform offering financial solutions secured $30 million during its series G funding round from British International Investments.
Most of these startups were from enterprise tech, fintech, and travel tech sectors followed by edtech, deep tech, and health tech startups like Redcliffe Labs. Other major deals this week include. A travel tech startup, Everest Fleet raised $30 million from the ride-hailing platform Uber during its series C funding round with the participation of other investors.
The deep tech startup Big Bang Boom contributed $30 million in funding this week, as it raised $30 million in its new funding round from Mumbai Angel Network and others. DailyObjects led the list in the e-commerce sector with $10 million raised in its series B funding round from 360 ONE Asset and Roots Ventures.
Conclusion :
22 deals were made by Indian startups from September 16th to September 21st securing over $447.5 million in funding. Physics Wallah secured the biggest amount, buoyed by $210 million raised in its series B funding round it dominated the funding trend in the ed-tech sector. Other notable investments include the Redcliffe Labs which had the highest fundraising in the health tech sector with $42 million in its series C funding round.
Most of these startups were from the enterprise tech, fintech, and e-commerce sectors followed by deep tech startups like Big Bang Boom which raised $30 million in its fresh funding round. Enterprise tech and fintech startups had the highest number of deals and raised $46.3 million and $45.6 million from three deals respectively.
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.
