Akshata Sharma
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Indian startups managed to cumulatively raise a meagre $43.1 Mn via 12 deals, down 365% from $200 Mn raised across 25 deals in the preceding week.
It is pertinent to note that seven of the deals materialised this week didn't disclose the financial terms of their transactions.
Key Startup Funding Highlights Of The Week:
Despite the plunge in overall funding aggregated, fintech emerged as an investor favourite in the week. The week's top two fund rounds, Stable Money's $14.7 Mn Series A round and NeoGrowth's $11 Mn debt, took fintech to the top spot at a sectoral level.
* The week saw FAAD Capital backing four agritech startups with an infusion of over $121K. The firm's investment turned agritech as the sector with the maximum number of deals and FAAD as the most active investor in the startup ecosystem.
* The week saw no seed funding deal materialise.
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