From Sarvam To INFLUISH — Indian Startups Raised $426 Mn This Week
by Lokesh Choudhary · Inc42SUMMARY
- With Sarvam closing its Series B at $234 Mn, AI emerged as the most funded sector this week. Five startups in the segment collectively raised more than $265 Mn
- Khosla Ventures and Rainmatter emerged as the most active investors this week, backing three startups each
- Seed-stage funding tumbled to $7.8 Mn across five deals this week as against $22.3 Mn across five deals last week
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Indian startups cumulatively raised $426 Mn across 19 deals between June 15 and June 19, marking a significant jump from the $243 Mn secured across 25 deals last week.
The week was headlined by Sarvam’s $234 Mn Series B fundraise, the largest single deal of the week and one of the biggest rounds ever raised by an Indian AI startup, pushing the sector to the top of the funding charts.