Business · Companies · 1 day ago

Indian startups raise $122.9 million across 25 deals in one week

Indian startups raised about $122.9 million across 25 deals from October 5 to 9.

That was 47.4% less than the $233.6 million raised in the previous week, which involved 16 deals.

Ecommerce companies received the most funding, raising $63.9 million across nine deals.

DailyObjects raised $34.3 million, the largest amount listed, while Lumio raised $12 million and Beyond Appliances raised $10.4 million.

Other funded companies included fintech, technology, health and education startups.

The figures show that total funding fell even as more deals took place than in the previous week.

The summary does not say what funding levels will be in the coming weeks.

Sources

Inc42 · 1 day ago