New Delhi: Around 28 Indian startups raised $800.5 million in 29 deals this week.
That’s a 296 percent increase from the $201.8 million that startups secured across 21 deals last week, Inc42 reported.
Quick commerce unicorn Zepto announced the close of a major funding round this week, raising $665 million at a valuation of $3.6 billion, one of the largest funding rounds raised by a company in recent history.
Among the top sectors, consumer services alone raised $665 million, fintech $50.3 million, alcoholic beverages $25 million, clean tech $23.9 million, and enterprise tech $16.7 million.
Microloan platform Aye Finance this week raised 2.5 billion rupees ($30 million) in a funding round led by Dutch entrepreneurial development bank FMO.
Craft beer maker Bira 91 has secured $25 million through external commercial borrowing from existing investor Kirin Holdings Co. The company has raised $50 million in funding in the past three months, including $25 million from Tiger Pacific Capital in March.
Meanwhile, Indian tech startups have raised $4.1 billion in the first half of this year (January-June), up 4% from $3.96 billion in the second half of 2023, according to a new report by leading market intelligence platform Tracxn.
