CONNECT WITH US
Tech

Tech

From To Cent to Matiks — Indian Startups Raised Over $132 Mn This Week

Inc42 - Startups logo

Published on

Add as a preferred source on Google
From To Cent to Matiks — Indian Startups Raised Over $132 Mn This Week

Indian startup funding activity remained muted in the last week of October. Homegrown new-age tech ventures managed to raise $130.2 Mn between October 26 and October 30, down 29.2% from $184 Mn in the previous week.

However, deal activity remained strong. Thirty two startups bagged funding this week, up 88% from from 17 a week earlier.

General Catalyst, Ronnie Screwvala (upGrad), Info Edge Ventures, Tanglin Venture Partners, Untitled Ventures

Peak XV Partners, Afore Capital, DCVC, Emerson Collective, SV Angel, Verdict Capital, Streamlined Ventures, Y Combinator

Peak XV Partners, Afore Capital, DCVC, Emerson Collective, SV Angel, Verdict Capital, Streamlined Ventures, Y Combinator

Blume Ventures, 100Unicorns, Centricity, Diwakar Goel’s family office, Atul Singh’s family office, Adhiraj Burman’s family offic, Rannvijay Singha (Actor)

Sparrow Capital, Info Edge, WaterBridge Ventures, Better Capital, Anupam Mittal (Shaadi.com), Mohit Sardana (Xpressbees), Sarthak Misra (SoftBank)

Better Capital, Antler India, Rishikesh SR (Rapido), Vaibhav Khandelwal (Shadowfax), Sumit Khandelwal (Xoxoday), Siddhant Goyal (Crane VC), Sanjay Ramakrishnan (Multiply Ventures)

Source: Inc42 *Part of a larger round **Mix of primary and secondary transactions

Ecommerce led the sectoral funding charts this week, with nine deals bringing in $33.4 Mn. Troovy’s $10.5 Mn and Ace Blend’s $9.9 Mn rounds did much of the heavy lifting, together accounting for 61% of the sector’s funding this week.

AI was second-placed this week, with five startups raising $30.4 Mn. Simplismart’s $14 Mn round and Live2.ai’s $13.7 Mn infusion contributed 91% to the total haul this week.

5 Mn.



Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.