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From Garuda Aerospace To Jewelbox— Indian Startups Raised $65 Mn This Week
- Investment activity in the Indian startup ecosystem dropped under $100 Mn this week, with startups raising $65.3 Mn, a 67% decrease from the previous week.
- A total of 22 startups secured funding, slightly higher than the 20 deals from the prior week.
- The top fundraising sectors were deeptech and ecommerce, with Garuda Aerospace leading with $11.7 Mn, followed closely by Jewelbox with $3.2 Mn.
- Debates regarding investor interest in deeptech were countered with a high capital infusion of $22.9 Mn in the sector this week.
- Key investors in this week's funding activities include Venture Catalysts and Inflection Point Ventures, each backing two startups.
- PhonePe and Razorpay took steps towards listing as public companies, with plans for public offerings within the next two years.
- Wonderchef and Imarticus Learning are also planning IPOs to raise significant capital for their expansion.
- In acquisitions, Clevertap acquired rehook.ai, while Wow! Momo, CRED, Agilitas, MoEngage, and Porter are all eyeing substantial new funding rounds for growth.
- Overall, the Indian startup ecosystem witnessed diverse funding activities and strategic moves across various sectors this week.
- The shift in funding trends and upcoming IPOs indicate evolving dynamics and opportunities within the Indian startup landscape.
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