Indian startups raised $265.2 Mn across 16 deals, a 33% decline from the $395.63 Mn raised via 20 deals in the preceding week 👇

Key Startup Funding Highlights Of The Week:

🔸 The week saw lone mega fundraise with omnichannel jewellery startup Bluestone bagging $107.2 Mn (INR 900 Cr) in its pre-IPO round from Peak XV Partners, Prosus, Steadview Capital, Think Investments and Pratithi Investments.

🔸 Buoyed by Bluestone’s funding round, ecommerce emerged as a sectoral leader this week as startups raised $148.7 Mn via 4 deals in the week.

🔸 Fintech sector trailed behind ecommerce at a sectoral level, with startups in the sector securing $61.5 Mn via 5 deals.

🔸 Notable deals in the sector included Aye Finance’s $25 Mn loan from Goldman Sachs (India) and axio’s $20 Mn fundraise from Amazon Smbhav Venture Fund.

🔸 Enterprise tech sector hogged the limelight with the maximum number of deals this week with startups raising $55.06 Mn via six deals.

🔸 JM Financial Private Equity, Inflection Point Ventures and Venture Catalysts emerged as the most active investors this week, backing two startups each.

🔸 However, seed funding continued to move in a downward trajectory this week with LLUMO AI bagging $1 Mn cheque.

Credit - Inc42 Media