Indian startups made 21 deals from 10^th June to 15^th June. The amount raised from these deals was more than $201 million in funding this week. The numbers in funding amount increased by 107 percent  in comparison to last week’s report. Funding activity in India’s startup ecosystem saw a 2 time jump this week, as the number went from last week’s $97.3 million raised across 10 deals to $201.8 million across 21 deals. 

Cleantech startups lead the list this week at the sectoral level as the total funding amount raised by  startups in this sector was reported to be $71 million across three deals. Battery Smart secured the  biggest amounts, with $65 million in fundraising it dominated the funding trend in this sector. Battery  Smart, is a cleantech startup that successfully raised $65 million in its series B funding round led by  LeapFrog investments. This debt and equity round had participation from investors including  Panasonic, the British International Fund, BlumeVentures, The Ecosystem Integrity Fund, and the  MUFG Bank. 

The seed funding sector saw an increase in funding this week, as it went up from last week’s $3.5 million to $9.4 million. A 214% increase in fundraising was seen in the seed funding level. Battery  Smart’s funding round led the cleantech sector to the top of the list this week followed by cleantech  and deep tech startups. The two sectors are tied in a secured number of deals but the e-commerce sector has the highest fundraising with $51.9 million through six deals. Foxtale had the highest  fundraising in the e-commerce sector with $18 million in its series B round from its existing investors  and Panthera Growth Partners. 

Most of these startups were from cleantech, e-commerce, and deep tech sectors followed by fintech,  healthtech, and real estate tech like Smartworks. Other major deals this week include KreditBee’s NBFC  subsidiary, KB NBFC raised $32 million from Neo Group, Dzerv, and Yubi. Deepika Padukone’s beauty  and skincare startup, 82°E announced a $6 million fundraise.  

Conclusion: 

21 deals were made by Indian startups from 10^th June to 15^th June securing over $201 million in funding amount. Blue Smart secured the biggest amounts, Buoyed by its with $65 million in fundraising it dominated the funding trend in this sector. Other notable investments include Foxtale had the highest  fundraising in the e-commerce sector with $18 million in its series B round from its existing investors  and Panthera Growth Partners. Most of these startups were from cleantech, e-commerce, and deep  tech sectors followed by fintech, healthtech, and real estate tech like Smartworks. A 214% increase in  fundraising was seen in the seed funding level. Funding activity in India’s startup ecosystem saw a 2- time jump this week, as the number went from last week’s $97.3 million raised across 10 deals to  $201.8 million across 21 deals. Battery Smart’s funding round led the cleantech sector to the top of  the list this week followed by cleantech and deep tech startups.