24 Indian startups have raised $270.3 million in funding this week. This list includes 20 early-stage deals and 4 growth-stage deals.
Over 25 early- and growth-stage startups raised over $211 million in funding in the previous week.
Four startups raised $234.2 million in funding this week among the growth-stage deals. Purplle, an online retailer, came in first with a $120 million Series F round. After that, funding for the EV startup Matter, the hospitality company OYO, and the agritech company Arya.ag came in at $50 million, $35 million, and $29.2 million, respectively.
Weekly startup funding dropped 76.73% to $211 million from approximately $906 million raised the week before.
With 28 deals per week, the average funding over the previous eight weeks has been approximately $404 million.With Next Bharat Ventures, Japanese automaker Suzuki is expanding its social impact investment portfolio in India. This Rs 340 crore fund is intended for early-stage companies that are addressing issues in the informal economy and in rural areas. Next Bharat Ventures will invest between Rs 1 crore and Rs 8 crore in each startup, focusing on financial inclusion and agriculture technology. Over the next few years, the venture hopes to support up to 20 ventures annually.
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