With Sarvam closing its Series B at $234 Mn, AI emerged as the most funded sector this week. Five startups in the segment collectively raised more than $265 Mn
Khosla Ventures and Rainmatter emerged as the most active investors this week, backing three startups each
Seed-stage funding tumbled to $7.8 Mn across five deals this week as against $22.3 Mn across five deals last week
Indian startups cumulatively raised $426 Mn across 19 deals between June 15 and June 19, marking a significant jump from the $243 Mn secured across 25 deals last week.
The week was headlined by Sarvam’s $234 Mn Series B fundraise, the largest single deal of the week and one of the biggest rounds ever raised by an Indian AI startup, pushing the sector to the top of the funding charts.
Source: Inc42
*Part of larger round
**Mix of primary and secondary transactions
***Included this week as it was skipped last week
Source: Inc42 - Startups
