Indian startups made 29 deals from 17 June to 22 June. This week, more than $800 million in funding was raised from these deals, an increase of 296 percent compared to last week. This week, funding activity in India’s startup ecosystem saw a fourfold increase, from 201 million USD raised across 21 deals to $800 million across 29 deals. We are disscusing about Indian startups raised $800 million this week, led by Zepto and Bira 91.
We are disscusing about Indian startups raised $800 million this week, led by Zepto and Bira 91:
Consumer service startup Zepto led the list this week at the sectorial funding list as the total funding amount raised by the startup in this sector was reported to be $665 million, and the company alone accounts for $512 million in funding raised by Indian startups in January 2024. Zepto is an instant grocery delivery quick commerce startup that has raised the most extensive amounts, with $665 million in fundraising, which has dominated the funding trend in this sector. This round had investments from Glade Brook, Nexus, and StepStone.
The seed funding sector saw an increase in funding this week, as it went up from last week’s $9.4 million to $22.7 million this week. A 141% increase in fundraising was seen at the seed funding level. Consumer services raised $50.3 million across nine deals. Aye, Fiance’s funding round led the fintech sector to the top of the list this week, followed by alcohol beverage startups and cleantech startups. Aye Finance is a microlending platform that secured $30 million in its debt funding round led by the Dutch entrepreneurial development bank and FMO, the second funding round held by the company in the past six months.
This week’s most active investors include Peak XV parent, Matrix Partners India, and IndiaQuotient. Most of these startups were from cleantech, fintech, and e-commerce sectors, followed by enterprise tech and deep tech startups like Quidich Innovation Labs. Other significant deals this week include EK Mobility, which raised $23.9 million in a funding round led by Japanese firm Mitsui; Bira 91, which raised $25 million in its debt funding round led by Kirin Holdings; and Oribithsift, which secured $7 million in its seed funding round, from Peak XV partners and Stellaris Venture Partners.
Conclusion
29 deals were made by Indian startups from 17th to 22nd June, securing over $800.5 million in funding. Zepto secured the most significant amounts, buoyed by its $665 million fundraising, dominating this sector’s funding trend. Other notable investments include Aye Finance, which had the highest fundraising in the fintech sector with $30 million in its debt funding round led by the Dutch entrepreneurial development bank and FMO.
Most of these startups were from the cleantech, fintech, and e-commerce sectors, followed by enterprise tech and deep tech startups like Quidich Innovation Labs. A 141% increase in fundraising was seen at the seed funding level. Consumer services raised $50.3 million across nine deals. The seed funding sector saw an increase in funding this week, as it went up from last week’s $9.4 million to $22.7 million.
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