From Pixxel To Swish — Indian Startups Raised Over $321.9 Mn This Week
by Shrishti Bisht · Inc42SUMMARY
- Between September 7 and September 11, 20 startups raised a combined $321.9 Mn, an 82.4% increase from the $176.5 Mn raised by 22 startups in the previous week
- Advanced Hardware & Technology was the week’s most-funded sector, with two startups raising a combined $121 Mn
- Peak XV Partners, Accel and Prath Ventures were the week’s most active investors, participating in two deals each
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Startup funding activity rebounded back sharply in the second week of September. Between September 7 and September 11, Indian startups raised a combined $321.9 Mn across 20 deals, up 82.4% from $176.5 Mn raised by 22 startups in the previous week.
Advanced hardware & technology and ecommerce sectors accounted for most of the week’s funding, raising a combined $201.1 Mn across eight deals. Together, they accounted for 62.5% of the total funding raised by Indian startups during the week.