18% week-on-week decline in Indian startups funding deals. Below are the some points to keep an eye upon.
Key Startup Funding Highlights Of The Week
- Zetwerk, an enterprise technology startup, has raised $120 million in a Series F funding round from Avenir Growth, making it the largest funding deal of the week.
- The enterprisetech sector was the most funded sector this week, raising $127 million across two deals, with Zetwerk’s funding being a significant contributor to this achievement.
- This week, the fintech sector was the most active in terms of funding, with seven startups raising a total of $40 million across their deals.
- This week, seed funding activity in India witnessed a significant decline, falling to $5.2 Mn across 7 deals from $9.3 Mn across last week’s 7 deals .
Other Major Developments From This Week
- VideoVerse, a video editing platform, has acquired Optikka, an AI-powered design system, for an undisclosed amount.
- Singularity Growth announced the first close of its second fund – Singularity Growth Opportunities Fund II – at INR 500 Cr. The second fund’s total corpus is INR 1,500 Cr.
- Mojocare, a healthtech startup, has decided to shut down its operations and return the remaining capital to its investors.
- Perfios – a Fintech SaaS startup conducted an ESOP buyback worth INR 154 Cr, turning 62 of its employees millionaires.
