21 deals were made by Indian startups from 13th May to 18th May. The amount raised from these deals was more than $122 million in funding this week. The funding amount decreased by 45% compared to last week’s report. Funding activity in the world’s third-largest ecosystem declined for a second consecutive week in May, as the number went from last week’s $220 million to $122 million in the same number of deals. Here we are talking about Indian Startups Raised Over $122 Million This Week, LED By Propelld And Red. Health.
Fintech startups led the list this week, with the total funding amount gained by startups in this sector reported to be $33.1 million across three deals. Propelled secured the biggest amounts, Buoyed, by its $25 million fundraising, dominated the funding trend in this sector. Propelld provides education loans to those wanting to borrow money online. The startup is working to enhance its platform, scale up its existing segments, and expand in the fintech sector. The startup raised funding of $25 million from Credit Saison India, AU Small Finance Bank, InCred Financial Services, and Northern Arc Capital.
The seed funding sector saw a decline in funding again, decreasing from last week’s $8.4 million to $3.5 million. A 58% decline in fundraising was seen in this sector. Propelled and Red. Health topped the list this week. Red. Health is the only healthcare-related startup on the list. Ambulance service provider and healthcare Platform Red. Health has raised $20 million in a series B round led by Jungle Ventures. This Hyderabad-based startup also got investments from Alteria Captial and its existing investors HealthQuad and HealthX. With the funding from the series B round, the startup has now raised $43 million since its inception in 2016.
Most of these startups were from fintech and SaaS followed by deep tech, logistic, cleantech, and agritech Startups like Ecozen. The list further extends to other sectors such as e-commerce Real estate tech startups, and more. On a weekly basis, startups had a marginal 45% drop as compared to the previous week, as it went from $320 million to $122 million.
CONCLUSION
21 deals were made by Indian startups from 13th May to 18th May, securing over $122 million in funding. Propelled secured the most significant amounts, Buoyed, by its $25 million fundraising, dominated the funding trend in this sector. Other notable investments include Red. Health has raised $20 million in a series B round led by Jungle Ventures this week. Most of these startups were from fintech and SaaS, followed by deep tech. The list further extends to other sectors, such as e
commerce Real estate tech startups, and more. Every week, startups had a marginal 45% drop compared to the previous week, going from $320 million to $122 million. Funding activity in the world’s third-largest ecosystem declined for a second consecutive week in May, as the number went from last week’s $220 million to $122 million in the same number of deals.
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