Indian startups cumulatively raised $172.6 Mn across 21 deals, down 33% from last week’s $260.1 Mn secured across 31 deals 👆
Key Startup Funding Highlights Of The Week:
🔸 IPO-bound non-banking lender Northern Arc Capital secured $80 Mn from International Finance Corporation (IFC) in equal halves of equity and debt components on April 25, marking the largest fundraise of the week.
🔸 Buoyed by Northern Arc’s funding, the fintech sector maintained its dominance over funding trends at a sectoral level. Startups in the space snagged $88.5 Mn via 3 deals, up 18% from last week’s $74.8 Mn secured across 5 deals.
🔸 Ecommerce topped the highest deal chart this week, with startups in the sector raising $29.8 Mn across 5 deals.
🔸 The week also saw Blue Ashva Capital, Titan Capital, Venture Catalysts, and Cred’s Kunal Shah clinching the active investors tag with each backing two startups.
🔸 Seed funding continued its ascent with early stage startups securing $33.9 Mn this week. This is a 29% surge from last week’s $26.2 Mn.
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