Funding and Acquisitions in Indian Startup Ecosystem (July 8 - July 14, 2024)

This week, 22 Indian startups raised approximately $116.26 million in funding. The deals included 4 growth-stage and 16 early-stage investments, with 2 early-stage startups not disclosing their transaction details. In comparison, the previous week saw 24 startups raising over $270 million.

Growth-Stage Deals

• DEZERV : $32 million (Series B)
• GOAT Brand Labs : $21 million
• Infra.Market : $18 million
• CollegeDekho : $9 million

Early-Stage Deals

• Immuneel Therapeutics Pvt. Ltd.
• iVP Semiconductor
• PLANET MARATHI OTT
• Lumio
• Care.fi
• House of Briyan
• Jugyah
• Qarmatek Services Private Limited

City and Segment-Wise Deals

• Bengaluru: 7 deals
• Mumbai, Delhi-NCR, Ahmedabad, Thane, Chennai, Ankleshwar: Various deals
• Top Segments: E-commerce, Fintech, SaaS, AI, Automotive tech

Series-Wise Deals

• Seed Funding: 10 deals
• Debt and Series A: 3 deals each
• Pre-Seed, Pre-Series A, Series B: Various deals

Week-on-Week Funding Trend

• Decline: 57% drop to $116.26 million from the previous week’s $270.3 million
• Average Funding: $381.54 million over the last eight weeks with 28 deals per week

Fund Launches

• Anicut Capital LLP : Rs 300 crore Equity Continuum fund
• Trident Growth Partners (India) ): Launched by Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra
• MountTech Growth Fund - Kavachh : Rs 250 crore fund by Ajay Kumar, targeting defense, aerospace, and deeptech sectors

In summary, the Indian startup ecosystem witnessed a significant dip in funding this week, with a 57% decline compared to the previous week. Despite this, several startups across various stages and sectors secured substantial investments, highlighting the continued interest and potential in the market. The launch of new funds, such as those by Anicut Capital and MountTech Growth Fund, further underscores the ongoing support for innovation and growth in India’s startup landscape. As the ecosystem evolves, it will be interesting to see how these investments shape the future of Indian startups.2of5