From The Indus Valley To Incuspaze — Indian Startups Raised $105 Mn This Week

by · Inc42

SUMMARY

  • This week, Indian startup funding stood at $104.6 Mn across 21 deals, down 91% from the preceding week
  • Ecommerce emerged as the top-funded sector this week, attracting $29.6 Mn across four deals, led by The Indus Valley's $17 Mn Series B round
  • Nine startups at the seed stage collectively raised $11.1 Mn this week, down 69% week-on-week
  • Added to Saved Stories in Login

Indian startup funding plummeted in the final week of June after a sizable uptick last week. Between June 28 and July 3, Indian startups managed to raise about $104.6 Mn across 21 deals, down 91% from $1.1 Bn raised across 16 deals last week.

Important to highlight that last week’s received the boost from CRED’s $900 Mn Series H fundraise. However, excluding that round, startup funding still declined by over 50% on a weekly basis.

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