A naukri.com initiative
Inc42
3w
201
Image Credit: Inc42
From WIOM To Oben Electric — Indian Startups Raised $92 Mn This Week
- Investment activity in the Indian startup ecosystem plunged in the third week of June with startups raising $91.5 Mn across 10 deals, down 84% compared to the previous week.
- Positive developments included ArisInfra closing its IPO, Capillary Technologies refiling its IPO papers, and MakeMyTrip securing $3.1 Bn funding.
- Key funding highlights this week include WIOM raising $35 Mn, Fintech startups collectively raising $40.1 Mn, and three seed-stage startups securing $3.5 Mn.
- Fintech remained the most funded sector, WIOM's fundraising was the largest, and seed-stage funding declined significantly compared to the previous week.
- IPO developments involved ArisInfra closing oversubscribed, Capillary filing its DRHP, Meesho shifting headquarters, and Zepto deferring its IPO plans.
- Mergers & acquisitions included InCred Money acquiring Stocko and Krutrim acquiring BharatSah'AI'yak for AI advancements.
- Other developments featured MakeMyTrip raising $3.1 Bn, BlueStone welcoming pre-IPO capital infusions, Physis Capital raising funds, Quadria launching HealthQuad Fund III, and Okinawa aiming to raise INR 60 Cr.
Read Full Article
10 Likes
For uninterrupted reading, download the app