From Scapia To Mythik— Indian Startups Raised $92 Mn This Week
by Palak Sharma · Inc42SUMMARY
- This week, Indian startup funding stood at $92.2 Mn across 17 deals, down 70% from the preceding week
- In terms of deal count, ecommerce retained the top spot with six startups securing fresh capital during the week
- Info Edge Ventures was the most active investor this week, backing Anscer Robotics and Trackk
- Added to Saved Stories in Login
Weekly funding in the Indian startup ecosystem has been volatile over the past few months amid ongoing geopolitical distress. In line with the trend, startup funding fell sharply this week after surging over the past week.
Seventeen Indian startups raised $92.2 Mn between May 18 and 22. This marks a 70% decline from $303 Mn bagged by 15 startups in the preceding week.