Indian startups struck 22 deals between August 26 and August 31. The amount raised from these deals was around $466.1 million this week. The total funding amount increased by 75 percent compared to the previous week. Funding activity in India's startup ecosystem increased this week as funding increased from $265.2 million raised from 16 deals last week to $466.1 million raised from 22 deals.
Quick commerce platform Zepto topped the overall and regional funding list this week. The total funding amount raised by startups in the region was $340.1 million across two deals. Zepto raised $340 million in its new funding round from General Catalyst and other investors. Consumer services platform Zepto raised this amount in its follow-up funding round at a valuation of USD 5 billion.
The funding round was participated by Lightspeed, Dragon Fund, DST, Stepstone, Epik Capital and Contrary. The company provides an instant grocery delivery platform. Another consumer services platform Medront secured $126.4k million from Inflection Point Ventures during its pre-seed funding round.
The seed funding sector saw a surge this week as it rose from $1 million last week to $8.3 million this week. Fintech startups bagged the most deals and raised $44.9 million across seven deals. The e-commerce sector emerged as the second favourite of investors this week as it raised $45.8 million across five deals. UB Group topped the list of fintech funding this week.
This lending platform offers various financial services and loan options to its customers. The fintech startup received $29.8 million from angel investor Gaurav Kumar during its ongoing funding round. The company specializes in providing fintech solutions such as loans, banking, and insurance in the financial market.
Most of these startups were from the e-commerce, fintech, and healthtech sectors, followed by consumer services, edtech, and real estate tech startups such as HouseEasy. Other big deals this week are: Agritech startup Agrium, an agri-product selling platform, raised $17.3 million from Asia Impact in its Series B funding round with participation from other investors.
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:
There were 22 deals by Indian startups between August 26 and August 31, garnering over $466.1 million in funding. Zepto, which raised the largest amount, boosted by $340 million raised in a follow-up funding round, continued to dominate the funding trend in the consumer services sector.
Other notable investments include Blue Tokai, which raised the most money 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 Credo, which raised $4 million in its Series A funding round. Fintech startups had the most deals and raised $44.9 million from seven deals.
