Indian startups made 20 deals from April 7th to April 12^th. This week, around $195.1 million in funding was raised from these deals, a 35 percent increase compared to last week. Funding activity grew in India’s startup ecosystem this week, as the number went from last week’s 144.4 million USD raised across 22 deals to 195.1 million USD from 20 deals.

The fintech startup Juspay topped both the overall and sectoral funding lists this week. The total funding amount raised by the startups in this sector was $90 million across two deals. Juspay secured $60 million in its series D funding round from Kalaari Capital, Accel, and other investors.

The e-commerce sector also emerged as the second most funded sector with 66 million USD raised across eight deals. The e-commerce platform Noise led the e-commerce sector with $20 million raised during its new funding round from Bose Corporation. Another e-commerce startup, Mosaic Wellness, also secured $20 million during its recent funding round from Think Investments.

The seed funding sector saw a slight decline this week as it went from last week’s $11 million to this week’s $10.1 million. The e-commerce sector had the highest number of eight deals this week. Fintech raised 90 million USD across two deals this week. Xindus led the funding list for the logistics sector this week. This e-commerce logistics platform provides logistics and export solutions for small and medium enterprises. The startup secured $10 million during its series A funding round from Orios Venture Partners, 3one4 Capital, Shastra VC, and Caret Capital.

Most of these startups were from fintech, e-commerce, and deep tech sectors, followed by health tech and agritech startups like Agrostar. Other major deals this week include. The social media platform EloElo secured $13.5 million during its series B funding round from Play Ventures, Kalaari Capital, and other investors. Clean tech startup Vimano raised $2.9 million in its seed funding round from Ankur Capital. 

Fintech firm Easebuzz contributed $30 million this week, securing this amount in its series A funding round from Bessemer Venture Partners, Varanium Capital, and 8i Ventures. Bower School of Entrepreneurship led the edtech sector list, raising 1.4 million USD in its seed funding round from Astir Ventures. Accel and 100Unicorns were the most active investors this week by backing two startups.

Conclusion:

20 deals were made by Indian startups from April 7^th to April 12^th, securing over $195.1 million in funding. Juspay secured the highest funding amount of $60 million from Kedaara Capital, SoftBank, and other investors in its series D funding round. It dominated the funding trend in the fintech sector. 

Some of the major investments made include Noise, which secured the most funds under the e-commerce category with $20 million from its latest round of funding. The majority of these startups came under the fintech, e-commerce, clean tech, and deep tech categories, followed by consumer services startups such as AskMyGuru, which secured $1.2 million in its funding round from Lumikai and other investors.