21 deals were made by Indian startups from 13^th May to 18^th May. The amount raised from these deals  was more than $122 million in funding this week. The numbers in funding amount went down by 45%  in comparison to last week’s report. Funding activity in the world’s third-largest ecosystem saw a  decline for a second consecutive week in May, as the number went from last week’s $220 million to  $122 million in the same number of deals.  

Fintech startups lead the list this week with the total funding amount gained by startups in this sector reported to be $33.1 million across three deals. Propelled secured the biggest amounts, Buoyed by its  $25 million fundraising dominated the funding trend in this sector. Propelld provides education loans  to those who want to borrow money via online channels. The startup is working to enhance its  platform, scale up its existing segments, and expand in the fintech sector. The startup raised funding  of $25 million from Credit Saison India, AU Small Finance Bank, InCred Financial Services, and Northern  Arc Capital. 

The seed funding sector saw a decline in funding again, as it went down from last week’s $8.4 million  to $3.5 million. A 58% decline in fundraising was seen in this sector. Propelld and Red.health topped  the list this week. Red. health is the only healthcare-related startup on the list. Ambulance service  provider and healthcare Platform Red. health has raised a total of $20 million in a series B round led  by Jungle Ventures. This Hyderabad-based startup also got investments from Alteria Captial and its  existing investors HealthQuad and HealthX. With the funding amount from the series B round, the  startup has now raised a total of $43 million since its inception in 2016. 

Most of these startups were from fintech and SaaS followed by deep tech, logistic, cleantech, and agritech Startups like Ecozen. The list further extends to other sectors such as e-commerce Real estate tech startups, and more. On a weekly basis, startups had a marginal 45% drop as compared to the  previous week, as it went from $320 million to $122 million. 

Conclusion: 

21 deals were made by Indian startups from 13th May to 18th May securing over $122 million in  funding amount. Propelled secured the biggest amounts, Buoyed by its $25 million fundraising dominated the funding trend in this sector. Other notable investments include Red. health has raised  a total of $20 million in a series B round led by Jungle Ventures this week. Most of these startups were  from fintech and SaaS followed by deep tech.

The list further extends to other sectors such as e commerce Real estate tech startups, and more. On a weekly basis, startups had a marginal 45% drop  as compared to the previous week, as it went from $320 million to $122 million. Funding activity in  the world’s third-largest ecosystem saw a decline for a second consecutive week in May, as the number  went from last week’s $220 million to $122 million in the same number of deals.