Indian startups made 27 deals from May 5^th to May 10^th. This week, around $587 million in funding was raised from these deals, a ninefold increase compared to last week. Funding activity grew in India’s startup ecosystem this week, as the number went from last week’s 54.7 million USD raised across 15 deals to 587 million USD from 27 deals. 

The health tech startup PB Health topped both the overall and sectoral funding lists this week. The total funding amount raised by the startups in this sector was $218 million across this deal. PB Health secured $218 million in its seed funding round from General Catalysts, PB Fintech, and other investors.

The fintech sector emerged as the most funded sector with 230.6 million USD raised across four deals. The online payment platform BharatPe led the fintech sector with $15 million raised during its debt funding round from Neo Group and Trifecta Capital. The logistics startup, Porter, led the funding list in the logistics sector. The firm secured $200 million during its series F funding round from Kedaara Capital, Vitruvian Partners, and Wellington Management.

The seed funding sector saw an increase this week, as it stood at 227.4 million USD. The e-commerce sector had the highest number of six deals this week. The deep tech sector raised 42.5 million USD across two deals this week. The Good Bug led the funding list for the e-commerce sector this week. This e-D2C platform provides solutions to address various health concerns, including constipation and immune support. The startup secured $11.8 million during its series B funding round from Fireside Ventures and Susquehanna Asia Venture Capital.

Most of these startups were from fintech, deep tech, and e-commerce sectors, followed by edtech and travel tech startups like Routematic. Other major deals this week include. The real estate tech startup Flipspaces secured $35 million during its recent funding round from Prudent Investment Managers and other investors. Travel tech startup Routematic raised $40 million in its series C funding round from Fullerton Carbon Action Fund and Shift4Good.

Logistic firm Celcius Logistics contributed $29.3 million this week, securing this amount in its series B funding round from Eurazeo, InvyCap Ventures, Omnivore, and other investors. Trifecta Capital, Accel, and India Accelerator were the most active investors this week by backing two startups.

Conclusion:

27 deals were made by Indian startups from May 5^th to May 10^th, securing over $587 million in funding. PB Health secured the highest funding amount of $218 million from General Catalyst and other investors in its seed funding round. It dominated the funding trend in the health tech sector. 

Some of the major investments made include Porter, which secured the most funds under the logistics category with $200 million from its latest round of funding. The majority of these startups came under the e-commerce, fintech, travel tech, and deeptech categories, followed by consumer services startups such as Vaya, which secured $1.5 million in its seed funding round from Accel and other investors.