From Yulu To Discovered Materials — Indian Startups Raised $140 Mn This Week
by Shrishti Bisht · Inc42SUMMARY
- Indian startups raised $139.5 Mn between Aug 10 to 14, marking a 44% decline from $247.4 Mn raised in the preceding week.
- Cleantech led India’s startup funding activity at a sectoral level for the second consecutive week, at the behest of Yulu’s $93 Mn raise.
- Lightspeed India Partners, Finvolve and Peak XV Partners emerged as the most active investors this week, backing two startups apiece.
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Indian startup funding activity remained muted in the second week of August, even as astrology platform AstroTalk joined the unicorn club to become India’s 133rd unicorn.
Between August 10 and 14, twelve startups raised a combined $139.5 Mn, marking a 44% decline from the $274.4 Mn raised by 22 startups in the previous week.
The week’s funding activity was largely driven by Yulu’s $93 Mn Series C round, which accounted for a significant share of the total capital raised in the week leading up to India’s Independence Day on August 15.
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