Indian startups made 22 deals from 26th August to 31st August. The amount raised from these deals was around $466.1 million in funding this week. The total funding amount increased by 75 percent compared to the last week. Funding activity increased in India’s startup ecosystem this week as the number went from last week’s $265.2 million raised across 16 deals to $466.1 million across 22 deals.
The quick commerce platform, Zepto topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $340.1 million across two deals. Zepto secured $340 million in its fresh funding round from General Catalyst and other investors. The consumer service platform Zepto secured this amount in its follow-up funding rounds at a valuation of 5 billion USD.
The funding round saw the participation of Lightspeed, Dragon Fund, DST, Stepstone, Epiq Capital, and Contrary. The company provides an Instant Grocery Delivery platform. Another consumer service platform Medront secured $126.4k million during its pre-seed funding round from Inflection Point Ventures.
The seed funding sector increased this week as it went up from last week’s $1 million to $8.3 million this week. Fintech startups secured the most deals and raised $44.9 million across seven deals. The e-commerce sector emerged as the second favorite of investors this week as it raised $45.8 million across five deals. Yubi Group led the list of fintech in funding this week.
This lending platform provides various financial services and loaning options to its customers. The FinTech startup secured $29.8 million during its ongoing funding round from the angel investor Gaurav Kumar. The company specializes in providing fintech solutions such as loans, banking, and insurance in the financial market.
Most of these startups were from e-commerce, fintech, and health tech sectors followed by consumer services, edtech, and real estate tech startups like HouseEazy. Other major deals this week include. Agritech startup Agrim, an agri-produce selling platform raised $17.3 million from Asia Impact in its series B funding round with the participation of other investors.
The health tech startup Sunfox Technologies contributed $1.8 million in funding this week, as it raised $1.8 million in its funding round from Venture Catalysts and others. Venture Capital firm Antler invested in two startups and became the most active investor this week.
Conclusion:
22 deals were made by Indian startups from 26th August to 31st August securing over $466.1 million in funding. Zepto secured the biggest amount, buoyed by $340 million raised in its follow-up funding round it dominated the funding trend in the consumer service sector.
Other notable investments include the Blue Tokai which had the highest fundraising in the e-commerce sector with $35 million in its series C funding round. Most of these startups were from the e-commerce, fintech, and healthtech sectors followed by edtech startups like Kreedo which raised $4 million in its series A funding round. Fintech startups had the highest number of deals and raised $44.9 million from seven deals.
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