Indian startups made 18 deals from November 18th to November 23rd. The amount raised from these deals was around $579.5 million in funding this week. The total funding increased by 212 percent compared to the last week. Funding activity increased in India’s startup ecosystem this week as the number went from last week’s $185.8 million raised across 21 deals to $579.5 million across 18 deals.
The consumer service startup, Zepto topped the overall and the sectorial funding list this week. The total funding amount raised by the startups in this sector was $354 million across three deals. Zepto secured $350 million in its fresh funding round from Motilal Oswal, Taparia Family Office, and other investors. The quick commerce platform Zepto secured this amount in its funding rounds at a valuation of 5 billion USD.
The funding round saw the participation of the Cello Family Office, RP Sanjiv Goenka Group, and Sachin Tendulkar. The company provides an online grocery delivery platform. Another consumer services company, Swish secured $2 million during its seed funding round from Accel, Varun Khaitan, and other investors.
The seed funding sector saw an 85 percent increase this week as it went up from last week’s $5.9 million to this week’s $10.9 million. E-commerce startups secured the most deals and raised $158 million across five deals. Consumer services had the same number of deals and raised $354 million. The Fintech sector emerged as the second favorite of investors this week as it raised $28.7 million across two deals. Zopper led the list of fintech in funding this week. This fintech platform provides financial services and loaning options to its customers. The startup secured $25 million during its ongoing series D funding round from Elevation Capital, Blume Ventures, and Dharana Capital.
Most of these startups were from e-commerce, consumer services, logistics, and fintech sectors followed by media and entertainment, deep tech, and enterprise tech startups like Taqtics. Other major deals this week include. Logistic startup, Locad raised $9 million from Global Ventures, Antler Elevate, and Reefknot Investments during its pre-series B funding round with the participation of other investors.
The fintech firm CredFlow contributed $3.7 million in funding this week, as it raised $3.7 million in its pre-series B funding round from Inflexor Ventures. Theranautilus led the list in the deep tech sector with $1.2 million raised in its seed funding round from Pi Ventures, Abhishek Goyal, and Sparrow Ventures.
Conclusion :
18 deals were made by Indian startups from November 18th to November 23rd securing over $579.5 million in funding. Zepto secured the biggest amount of $350 million raised in its funding round it dominated the funding trend in the consumer service sector. Other notable investments include Healthkart which had the highest fundraising in the e-commerce sector with $153 million in its fresh funding round.
Most of these startups were from the e-commerce, fintech, and consumer services sectors followed by media and entertainment startups like Kratos Gaming Network which raised $10 million in its funding round. E-commerce and consumer services startups had the highest number of deals.
Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.
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