Indian startups raised $210.3 Mn across 23 deals between August 24 and 28, a 9.8% decline from the $233.2 Mn raised by 19 startups in the previous week
Ecommerce and Advanced hardware & technology led this week’s funding activity, with four deals each and raising cumulative $108.4 Mn
Capital 2B and Equanimity Investments emerged as the most active investors during the week, participating in two deals each
Indian startup funding activity took a minor hit in the last week of August. Twenty three startups managed to raise a combined $210.3 Mn between August 24 and August 28. This was 9.8% lower from the previous week, when 19 startups raised $233.2 Mn.
Ecommerce and advanced hardware & technology led this week’s funding activity. Together, the two sectors raised $108.4 Mn, accounting for 51.6% of the total funding raised during the week.
Source: Inc42
