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From Battery Smart To Chalo — Indian Startups Raised $93 Mn This Week
- Indian startup ecosystem witnessed a decrease in investment activity in the final week of May, with 15 startups raising $92.9 Mn.
- Three Indian startups secured funding in the consumer services sector, with Snabbit and Slikk leading the way with a total of $30 Mn.
- Battery Smart's $29 Mn fundraise propelled cleantech to emerge as the second most funded sector this week.
- Lightspeed Ventures actively backed Snabbit and Slikk, while four startups at the seed stage raised $3.2 Mn.
- Noteworthy fund updates include Multiples closing a $430 Mn continuation fund and IFC proposing a $30 Mn infusion in L Catterton India Fund.
- Startup IPO developments featured Groww filing its IPO papers confidentially and Moneyview restructuring ahead of its $400 Mn IPO.
- Imarticus Learning acquired MyCaptain, KiranaPro bought Likeo, and Plane acquired Sort in M&A deals this week.
- Pronto is seeking approximately $12 Mn in Series A funding, Snitch aims to raise over $33 Mn in Series B, and KNOT is in talks for a $3 Mn round.
- Lastly, Lendingkart is planning to secure a debt of around $12 Mn from InnoVen Capital in the near future.
- Overall, the funding landscape showcased varied sector allocations and notable milestones in the Indian startup ecosystem this week.
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