This week, Indian startups have showcased a remarkable uptick in fundraising activities, securing a staggering $800.5 million across 29 deals.
According to insights from Inc42, this figure marks a substantial 296% increase from the previous week’s total of $201.8 million raised from 21 deals.
A standout among the funding recipients was Zepto, a prominent player in the quick commerce sector, which closed an impressive funding round amassing $665 million.
This funding round values Zepto at $3.6 billion, cementing its position as one of the most well-funded startups in recent times.
Breaking down the funding distribution across sectors, consumer services emerged as the frontrunner with $665 million in investments, followed by fintech securing $50.3 million.
Additionally, sectors like alcoholic beverages, cleantech, and enterprise tech secured $25 million, $23.9 million, and $16.7 million respectively.
In other significant funding news, Aye Finance, specializing in microlending, raised Rs 250 crore (approximately $30 million) in debt funding this week.
This round was led by FMO, the Dutch entrepreneurial development bank, underscoring continued investor confidence in India’s fintech sector.
Meanwhile, Craft beer maker Bira 91 secured $25 million through an External Commercial Borrowing (ECB) from its existing investor Kirin Holdings.
Over the last three months, the firm has raised a total of $50 million, including a $25 million investment from Tiger Pacific Capital in March.
A recent report by Tracxn highlighted the robust performance of Indian tech startups in the first half of this year.
The sector raised $4.1 billion from January to June, marking a 4% increase from the second half of 2023, reflecting sustained investor interest and confidence in India’s burgeoning startup ecosystem.
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