From CoreEL Technologies To PowerUp Money — Indian Startups Raised $49 Mn This Week
by Palak Sharma · Inc42SUMMARY
- Between December 22-26, Indian startups cumulatively managed to raise a mere $49.2 Mn across seven deals, marking an 86% decline from the $347.7 Mn secured by 27 startups last week
- Peak XV, Rainmatter, 360 ONE Asset Management, Accel, among other prominent institutional investors backed Indian startups this week
- Two startups at the seed stage raised $4.2 Mn this week, down 26% from the $5.3 Mn raised by eight startups at this stage last week
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Amid the year-end and festivities, the funding activity saw massive decline this week. Between December 22-26, Indian startups cumulatively managed to raise a mere $49.2 Mn, marking an 86% decline from the $347.7 Mn secured by startups last week. Only seven startup funding deals materialised this week against 27 last week.