From To Cent to Matiks — Indian Startups Raised Over $132 Mn This Week

by · Inc42

SUMMARY

  • Indian startups managed to raise $130.2 Mn between October 26 and October 30, down 29.2% from $184 Mn in the previous week
  • Ecommerce led the sectoral funding charts this week, with nine deals bringing in $33.4 Mn
  • Blume Ventures and Antler emerged as the most active investors this week and backed three startups each
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Indian startup funding activity remained muted in the last week of October. Homegrown new-age tech ventures managed to raise $130.2 Mn between October 26 and October 30, down 29.2% from $184 Mn in the previous week. 

However, deal activity remained strong. Thirty two startups bagged funding this week, up 88% from from 17 a week earlier.