Advanced hardware & technology saw the highest number of deals materialise at five this week, raising a total of $42.3 Mn
With GPS Renewables closing its Series C round at $66.4 Mn, cleantech emerged as the most funded startup sector this week. In total, two startups in the segment raised $87.5 Mn this week
Seed stage funding skyrocketed to $22.3 Mn across five deals this week, marking a multifold jump from $3.1 Mn raised last week
Investments in the Indian startup ecosystem continued to pick up momentum in the second week of June. Twenty five startups raised $242.6 Mn between June 8 and June 12, marking a near 30% uptick from $187.4 Mn raised across 21 deals last week.
The top six startups on this week’s funding scoreboard raised more than ₹100 Cr ($10 Mn) each in new investments, indicating an improvement in investor appetite for innovations in the homegrown new-age tech ecosystem.
Source: Inc42 - Startups
