From Flam To VerifAIX — Indian Startups Raised About $59 Mn This Week

SUMMARY

• Twelve startups raised $58.9 Mn this week, down 82% from the $321.9 Mn from the preceding week.
• AJVC was the most active investor this week, backing MoroMaa and Slayd. The VC firm also saw PE firm Novastar Partners as a limited partner for its fund.
• Finvolve and Activate raised fresh capital for their funds, Asiana Fund and JC Capital partnered to launch a ₹1,000 Cr deeptech-focused fund. 

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While the introduction of MDR on UPI dominated India’s new-age tech discourse this week, startup funding fell sharply.