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Between June 2 and 7, Indian startups cumulatively raised $134.4 Mn across 16 deals, marking a 45% uptick from the $92.9 Mn raised by 15 startups in the previous week

Over 95% of investments this week were lapped up by startups in the ecommerce and fintech space

360One Asset emerged as the most active investor this week, leading Snitch’s Series B funding round and Naagin’s $2.1 Mn funding round

The volatility in the funding trends across the Indian startup ecosystem continued in the first week of June. After plunging significantly in the last week of May, investment activity gradually gathered steam.

Between June 2 and 7, Indian startups cumulatively raised $134.4 Mn across 16 deals, marking a 45% uptick from the $92.9 Mn raised by 15 startups in the previous week. The funding trends remained largely restricted to the ecommerce and fintech sector this week.

Funding Galore: Indian Startup Funding Of The Week ( Jun 2 – 7 )

Key Startup Funding Highlights Of The Week

• The week saw Udaan closing its Series G funding round at $114 Mn. The startup bagged $75 Mn in the first tranche of the round in February. Buoyed by Udaan’s fundraise and Snitch’s $40 Mn funding round, ecommerce sector saw the highest capital infusion of $90.7 Mn across eight deals this week.
• Fintech emerged as the second most funded sector this week, with five startups raising $39.8 Mn this week.
• 360One Asset emerged as the most active investor this week, leading Snitch’s Series B funding round and Naagin’s $2.1 Mn funding round.
• Seven startups at the seed stage raised $7.7 Mn this week, more than double of the $3.2 Mn raised by startups at this stage last week.

Fund Updates Of The Week

Startup IPO Developments This Week

Other Developments Of The Week