Akshata Sharma
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Zepto finally announced the close of its mega funding round this week. The startup raised $665 Mn at a $3.6 Bn valuation, making it one of the largest cheques bagged by a company in recent history. For context, Zepto's funding alone exceeds the cumulative $512 Mn raised by Indian startups in January 2024
Indian startups cumulatively raised $800.5 Mn across 29 deals this week. This was a 296% increase from the $201.8 Mn secured by the startups last week across 21 deals.
Key Startup Funding Highlights Of The Week:
* Zepto's funding round took the consumer services to the top of the sectoral funding charts.
* Trailing consumer services was the fintech sector, which saw startups raise $50.3 Mn across nine deals.
* Peak XV Partner, IndiaQuotient, Matrix Partners India, and Dr. Vaidya's Arjun Vaidya were the most active investors this week, backing two startups apiece.
* Seed funding shot up again this week, zooming 141% to $22.7 Mn from last week's $9.4 Mn.
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