Indian startups made 16 deals from 1st June to 6th June. The amount raised from these deals was  around $176 million in funding this week. The numbers in funding amount decreased by 10.3 percent  compared to the last week’s number. Funding activity in India’s startup ecosystem saw a decline this  week, as the number went from last week’s 196.4 million USD raised across 17 deals to 176 million  USD across 16 deals. 

The beauty platform, Purplle led the overall list and the e-commerce sectorial funding list this week,  The total funding amount raised by the startups in this sector was reported to be $129.6 million across  six deals. Beauty product provider Purplle secured $120 million in its funding round from the Abu  Dhabi Investment Authority. After this round, the company had a valuation of around $1.2 billion to  $1.3 billion. The startup will use these fresh proceeds for business growth, enhance its platform,  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 $6.9 million  to $3.05 million this week. A 50% decrease in fundraising was seen at the seed funding level. E commerce startups had the highest number of deals and raised $129.6 million across six deals. Matter  placed second in the amount of funds raised this week. Matter is an energy storage and e-mobility  startup that raised $35 million in its series B funding round led by VC firm Helena with the participation  of investors including Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment  Management Company, and Capital 2B. The post-allotment valuation of the company is expected to  be around $204 million. 

Most of these startups were from e-commerce, media & entertainment, fintech, and deep tech sectors  followed by cleantech, and consumer services like Wify. Some other major deals this week include  Healthtech startup Watch your Health which secured $5 million in its series A round led by Conquest  Global and Cornerstone Ventures. Dice is a fintech startup that raised $5 million from Dallas Venture  Capital, and GVFL. Media & Entertainment company Pepul secured $4 million in its pre-series A funding  round. Wify also raised $3 million in its ore-series A round led by Capira Ventures and Mount Judi  Ventures. 

Conclusion: 

16 deals were made by Indian startups from 1st June to 6th June securing over $176 million in funding.  Purplle secured the biggest amount, buoyed by its $120 million in fundraising it dominated the funding  trend in the e-commerce sector. Other notable investments include Healthtech startup Watch your  Health which secured $5 million in its series A round led by Conquest Global and Cornerstone Ventures. Dice raised $5 million from Dallas Venture Capital and GVFL. Most of these startups were from e commerce, deep tech, fintech, media & entertainment, and logistics followed by cleantech, and  consumer services like Wify. E-commerce startups had the highest number of deals and raised $129.6  million across six deals.