Indian startups made 24 deals from May 12^th to May 17^th. This week, around $151.6 million in funding was raised from these deals, a 74 percent decrease compared to last week. Funding activity in India’s startup ecosystem declined this week. It went from last week’s 587 million USD raised through 27 deals to 151.6 million USD through 24 deals.

Farmley, the e-commerce startup, led both the overall and sector-wise funding lists this week. The total funding amount raised by the startups in this sector was $54.9 million across four deals. Farmley secured $40 million in its series C funding round from L Catterton, DSG Consumer Partners, and other investors. Another e-commerce platform, Hocco, received a $10 million investment from Chona family office and Sauce.vc in its series B round.

The health tech sector emerged as the second most funded sector with 29 million USD raised across three deals. The online healthcare platform Complement1 led the health-tech sector with $16 million raised during its seed funding round from Owl Ventures and Blume Ventures. Another health tech startup, Avammune Therapeutics, also secured $12 million during its series A funding round from Capital 2B, Kotak Alternate Asset Managers, IvyCap Ventures, Shastra VC, and other investors.

The seed funding sector saw a huge decline this week, going from last week’s $227.4 million to this week’s $29.8 million. The e-commerce and enterprise tech sectors had the highest number of deals, with four deals each. The enterprise-tech sector raised 22.2 million USD across four deals this week. SaaS platform Celebal secured $15 million during its series B funding round from InCred Capital and Norwest Venture Partners. This online platform provides AI-powered enterprise solutions and digital transformation services.

Most of these startups were from e-commerce, enterprise tech, and health tech sectors, followed by fintech and media and entertainment startups like ReelSaga. Other major deals this week include. The fintech startup, Stashfin, secured $9.3 million during its debt funding round from Northern Arc, Coinmen Special Opportunities Fund, and other investors. The deeptech startup TIEA Connectors raised $2.6 million in its new funding round from Jamwant Ventures, 8X Ventures, Valour Capital, and IvyCap Ventures. 

Enterprise tech firm Adopt AI contributed $6 million this week, securing this amount in its seed funding round from Elevation Capital, Powerhouse Ventures, Darkmode Ventures, and Foster Ventures. Flam topped the Media & Entertainment sector list by raising 14 million USD in its series A funding round from RTP Global and other investors. Zenergize is the cleantech startup that raised $2 million in its seed funding round from angel investors, including Mohit Tandon and Himanshu Aggarwal. Titan Capital and IvyCap Ventures emerged as the most active investors by funding two startups this week.