We are discussing Indian Startups Raised Over $218 Million This Week, From Infra.Market to Zypp Electrics:
Indian startups made 31 deals from 27th May to 1st June. The amount raised from these deals was almost $218 million in funding this week. The funding amount increased by 273% compared to last week’s report. After seeing the decline for a second consecutive week in May, the investment activity increased during the final week of May.
E-commerce startups lead the list this week, with the total funding gained by startups in this sector reported to be $56.2 million across five deals. The E-commerce sector led the list as startups like Technosport and Libas secured fundraise of $25 million and $18 million, respectively. Real estate tech startup Infra.market secured the biggest $50 million from MARS Unicorn Fund. Last year, as part of its plan for market expansion, the startup acquired Concrete for $90 million in September. Infra.Market has raised $500 million across all its debt and equity rounds. This round made real estate tech the second most funded sector this week.
The seed funding sector again had a decline in funding, as it went down from last week’s $13.12 million to $7.7 million. A 41% decline in fundraising was seen in the investment of startups at this age. Meanwhile, the e-commerce sector saw a rise in fundraising. Techno Sportswear, a Bengaluru-based e-commerce startup, secured $25 million in a seed funding round led by the investment fund A91
partners. The startup closed its first funding round with Rs 208 crore. Libas is another e-commerce startup that secured Rs 150 crore in a funding round led by ICICI Ventures. This is also the first time that the fashion brand has raised external funding.
Venture Catalysts was the biggest investor backing 4 startups this week. Most startups who contributed to this week’s fundraising were from the E-commerce, Real estate tech, and Cleantech sectors, followed by fintech, logistics, consumer services, and deep tech startups like Yali Aerospace. Every week, startups had a 273% increment compared to last week. Zypp Electrics raised $14 million from ENEOS Oil & Energy Pte Ltd and contributed to the cleantech sector.
Conclusion
31 deals were made by Indian startups from 27th May to 1st June, securing over $218 million in funding. Real estate tech startup Infra.market secured the biggest $50 million from MARS Unicorn Fund. Other notable investments include Technosport, which raised $25 million in a seed funding round led by the investment fund A91 partners this week.
Most of these startups were from the E-commerce, Real estate tech, and Cleantech sectors, followed by fintech, logistics, consumer services, and deep tech startups like Yali Aerospace. Libas is another e-commerce startup that secured Rs 150 crore in a funding round led by ICICI Ventures. This is also the first time that the fashion brand has raised external funding. The funding amount increased by 273% compared to last week’s report. Fundraising of $50 million by Infra.market had a huge contribution in making real estate tech the second most funded sector this week.
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.
