Indian startups made 29 deals from 17th June to 22nd June. The amount raised from these deals was more than $800 million in funding this week. The numbers in funding amount increased by 296 percent in comparison to last week’s number. Funding activity in India’s startup ecosystem saw a 4-time increase this week, as the number went from last week’s 201 million USD raised across 21 deals to  $800 million across 29 deals. 

Consumer service startup, Zepto led the list this week at the sectorial funding list as the total funding  amount raised by the startup in this sector was reported to be $665 million and the company alone  accounts for $512 million funding raised by Indian startups in January 2024. Zepto is an Instant Grocery  Delivery quick commerce startup that has raised the biggest amounts, with $665 million in fundraising  which dominated the funding trend in this sector. This round had investments from Glade Brook, Nexus, and StepStone. 

The seed funding sector saw an increase in funding this week, as it went up from last week’s $9.4  million to $22.7 million this week. A 141% increase in fundraising was seen at the seed funding level.  Consumer services raised $50.3 million across nine deals. Aye Fiance’s funding round led the fintech sector to the top of the list this week followed by alcohol beverages startups and cleantech startups.  Aye Finance is a microlending platform that secured $30 million in its debt funding round led by the  Dutch entrepreneurial development bank and FMO, which was the second funding round held by the  company in the past six months. 

The most active investors this week include Peak XV parent, Matrix Partners India, and IndiaQuotient.  Most of these startups were from cleantech, fintech, and e-commerce sectors followed by enterprise  tech, and deep tech startups like Quidich Innovation Labs. Other major deals this week include EK  Mobility which raised $23.9 million in a funding round led by Japanese firm Mitsui, Bira 91 raised $25  million in its debt funding round led by Kirin Holdings and Oribithsift secured $7 million in its seed  funding round from Peak XV partners and Stellaris Venture Partners.  

Conclusion: 

29 deals were made by Indian startups from 17th to 22nd June securing over $800.5 million in funding  amount. Zepto secured the biggest amounts, buoyed by its with $665 million in fundraising it  dominated the funding trend in this sector. Other notable investments include Aye Finance which had  the highest fundraising in the fintech sector with $30 million in its debt funding round led by the Dutch  entrepreneurial development bank and FMO. Most of these startups were from cleantech fintech, and  e-commerce sectors followed by enterprise tech, and deep tech startups like Quidich Innovation Labs.  A 141% increase in fundraising was seen at the seed funding level. Consumer services raised $50.3  million across nine deals. The seed funding sector saw an increase in funding this week, as it went up  from last week’s $9.4 million to $22.7 million this week.