Mumbai, May 25 (IANS). Indian startups have raised $ 139.5 million funds through 21 deals this week. This shows investors’s trust in the country’s startup ecosystem.
The funding collected by this week’s startup companies had five growth stage and 13 early stage deal. However, three startups have not disclosed the funding amount.
Delhi-NCR was at the top with eight deals, while Bangalore was second with four deals.
This was followed by Mumbai, Chennai, Bhubaneswar and Ahmedabad.
Fintech was the highest funding category this week with three deals, followed by e-commerce, media and entertainment sector.
In addition, investors continued to be interested in Deep Tech, Health Tech and Cyber Security.
Seed funding with eight deals was dominated this week. This was followed by the highest investment in Series A, B and D stage.
More to find seed funding shows that investors are showing more interest in investing money in new ideas.
Startups got a $ 65.75 million funding in the growth and late stage segment. Healthtech Startup Corbe led the funding with a series B round supported by Bartelesman India Investments.
Cyber Security firm ClaudSEK raised $ 19 million in the series B round, while electric vehicle manufacturer Yular Motors raised $ 15 million in the second phase of a $ 60 million round.
KGFS and Borderless (Stotkal) also achieved funding by Fintech Players. Startups collectively raised $ 73.75 million in the Early Stage.
The average funding in the last eight weeks was $ 216.99 million per week.
Last week, the Indian startup collectively raised $ 194.22 million in 28 deals.
Last week’s funding included nine growth and late-stage rounds and 18 early stage deal, while a startup did not disclose its funding amount.
-IANS
ABS/
