Indian startups made 17 deals from 24th June to 29th June. The amount raised from these deals was around $196.47 million in funding this week. The numbers in funding amount decreased by 75 percent  compared to the last week’s number. Funding activity in India’s startup ecosystem saw a huge decline this week, as the number went from last week’s 800.5 million USD raised across 21 deals to $196 million across 17 deals. 

The Lending platform, Northern Arc led the overall list and the fintech sectorial funding list this week,  The total funding amount raised by the startup in this sector was reported to be $77.4 million led by  FMO across three deals. Co-working space provider Smartworks secured $20.24 million in its fresh  funding round from Ananta Capital Ventures Fund, Atlanta Capital, Plutus Capital LLC, and other  individual investors. The startup will use these fresh proceeds on business growth, market expansion,  and general corporate expenses. 

The seed funding sector saw a decline in funding this week, as it went up from last week’s $22.7 million  to $6.9 million this week. A 69% decrease in fundraising was seen at the seed funding level. E commerce startups had the highest number of deals and raised $48.3 million across five deals. Zyod’s  funding round led this sector to fourth place on the list this week followed by healthtech startups and  cleantech startups. Zyod is a B2B fashion startup that secured $18 million in a mix of equity and debt  funding rounds led by VC firm RTP Global and Lightspeed Ventures. Another e-commerce startup  Bluestone also entered the list with $12 million fund raised in its debt funding round from Neo  Markets. 

Most of these startups were from e-commerce, fintech, and enterprise tech sectors followed by  cleantech, and consumer services like Machaxi. Other major deals this week include. Cloudphysician  secured $10.5 million in its series A round from Peak SV partners, Panthera Peak, and Elevar Equity. EV  startup Matter Motors is an electric mobility startup that secured $10 million in its maiden equity round from Japan Airlines & Translink Fund, Capital 2B Fund, Helena Special Investments Fund, and  Abhay Shah. The Fintech startup LXME raised $1.2 million in seed funding rounds led by Yash Kela,  Kalaari Capital, Capri Holdings, Vivek Vig, and more.  

Conclusion: 

17 deals were made by Indian startups from 24th June to 29th June securing over $196.5 million in  funding. Northern Arc secured the biggest amount, buoyed by its $77.4 million in fundraising it dominated the funding trend in the fintech sector. Other notable investments include Smartworks  which had the highest fundraising in the real estate tech sector with $20.4 million in its fresh funding  round led by the Ananta Capital Ventures Fund and Atlanta Capital. Most of these startups were from  e-commerce, fintech, and enterprise tech sectors followed by cleantech, and consumer services like  Machaxi. E-commerce startups had the highest number of deals and raised $48.3 million across five deals