Akshata Sharma
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Indian startups cumulatively bagged $196.47 Mn across 17 deals, a 75% decline from $800.5 Mn raised across 21 deals in the preceding week.
However, it would be unfair to say that funding trends plunged drastically this week. Of the $800.5 Mn secured last week, around $665 Mn was raised by quick commerce unicorn Zepto alone. Hence, the rest of the startup ecosystem only saw $135.5 Mn capital infusion in the week.
Key Startup Funding Highlights Of The Week:
* The week's largest funding round saw NBFC Northern Arc bagging a debt funding of $75 Mn from FMO. On the back of this, fintech emerged as the investors' favourite this week. Startup's in the space cumulatively raised $77.4 Mn across three deals.
* The highest number of deals materialised for ecommerce startups this week as players in the space raised $48.3 Mn via five deals.
* However, seed funding dipped this week by 69% to $6.9 from last week's $22.7 Mn.
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