Indian startups raised $559.2 Mn across 19 deals between June 9 and 14, marking a 316% increase from the previous week.
Fintech dominated the funding trends, with a total of $339.7 Mn raised across six deals, led by Groww's $202.3 Mn Series F round.
Other notable funding rounds include Spinny raising $170 Mn, CRED securing $72 Mn, and Sanlayan's $21.7 Mn Series A round.
Startup IPO developments included ArisInfra, Meesho, Wakefit, and Pine Labs gearing up for their respective IPO filings.
Mergers & acquisitions this week involved companies like Wubba Lubba Dub Dub, Nazara, BRND.ME, and ICRA.
Additional developments included Infibeam's rights issue, GIVA's funding plans, Rapido's talks for funding, AbleCredit's Series A round, and Kazam's funding led by Vertex Ventures.
The week also saw a surge in seed-stage funding, with seven startups raising $14.1 Mn, an 83% increase from the previous week.
Overall, the funding environment in the Indian startup ecosystem remained robust, showcasing a variety of sectors receiving significant investments.