Last week, at least 24 Indian startups secured around $182.62 million, with three growth-stage deals and 19 early-stage deals.
The Indian startup ecosystem bounced back in terms of funding this week, increasing by over 226 percent with a total of around $596 million secured.
Last week, at least 24 Indian startups secured around $182.62 million, with three growth-stage deals and 19 early-stage deals.
Between November 18-23, at least 23 startups raised $596 million including six growth-stage deals and 15 early-stage deals.
Quick-commerce platform Zepto raised $350 million in a round led by Motilal Oswal’s private equity arm. Along with this, investors have poured more than $1.3 billion into Zepto in the last five months, as the country has seen rapid-commerce growth.
Omnichannel nutrition platform Healthkart raised $153 million led by CrisCapital and Motilal Oswal Alternatives. Neo Group and Healthkart’s existing investor, A91 Partners, also participated in the round. He paid Rs. 55 crore ($6.5 million) also announced its first-ever employee ESOP buyback scheme.
Zopper, India’s leading insurtech platform, raised $25 million in a Series D funding round co-led by Elevation Capital and Assumption Capital. The round also saw participation from existing investor Bloom Ventures. Zopper is also backed by Creaegis, Bessemer Venture Partners and ICICI Ventures.
Doodwale Farms, an innovator in the premium dairy sector, announced the successful closing of a $3 million funding round. The round was led by Atomic Capital, with Singularity Early Opportunities Fund joining as lead co-investor.
Bengaluru-based startups bagged 10 deals, followed by Delhi-NCR, Mumbai, Chennai, Pune and Hyderabad.
Average funding over the past eight weeks is $266.77 million with 25 deals per week.
As of October this year, Indian startups had raised nearly $10 billion in funding and were on track to surpass the total funding of $10.5 billion raised during last year.