Indian startups made 31 deals from 27th May to 1st June. The amount raised from these deals was almost $218 million in funding this week. The numbers in funding amount increased by 273%  compared to last week’s report. After seeing the decline for a second consecutive week in May, the  investment activity had an increase during the final week of May. 

E-commerce startups lead the list this week with the total funding amount gained by startups in this  sector reported to be $56.2 million across five deals. The E-commerce sector led the list as startups  like Technosport and Libas secured fundraise of $25 million and $18 million respectively. Real estate  tech startup Infra.market secured the biggest amount of $50 million from MARS Unicorn Fund. Last  year, as its plan for market expansion, the startup acquired Concrete for $90 million in September.  Infra.Market has raised $500 million across all its debt and equity rounds. This round made real estate  tech the second most funded sector this week.  

Image source: crunchbase Image source: technosport.in 

The seed funding sector again had a decline in funding, as it went down from last week’s $13.12 million to $7.7 million. A 41% decline in fundraising was seen in the investment of startups at this age. Meanwhile, the e-commerce sector saw a rise in fundraising. Techno Sportswear, a Bengaluru-based  e-commerce startup secured $25 million in a seed funding round led by the investment fund A91  

partners. The startup closed its first funding round with Rs 208 crore. Libas is another e-commerce startup that secured Rs 150 crore in a funding round led by ICICI Ventures. This is also the first time  that the fashion brand has raised external funding. 

Venture Catalysts was the biggest investor backing 4 startups this week. Most of the startups who  contributed to this week’s fundraising were from the E-commerce, Real estate tech, and Cleantech  sectors followed by fintech, logistics, consumer services, and deep tech startups like Yali Aerospace.  On a weekly basis, startups had a 273% increment compared to last week. Zypp Electrics raised $14  million from ENEOS Oil & Energy Pte Ltd and contributed to the cleantech sector. 

Conclusion: 

31 deals were made by Indian startups from 27th May to 1st June securing over $218 million in funding amount. Real estate tech startup Infra.market secured the biggest amount of $50 million from MARS  Unicorn Fund. Other notable investments include Technosport has raised a total of $25 million in a  seed funding round led by the investment fund A91 partners this week. Most of these startups were  from the E-commerce, Real estate tech, and Cleantech sectors followed by fintech, logistics, consumer  services, and deep tech startups like Yali Aerospace. Libas is another e-commerce startup that secured  Rs 150 crore in a funding round led by ICICI Ventures. This is also the first time that the fashion brand  has raised external funding. The numbers in funding amount increased by 273% compared to last  week’s report. Fundraising of $5o million by Infra.market had a huge contribution in making real estate  tech the second most funded sector this week.