Indian startups raised $800.5 Mn in 29 deals this week, an increase of 296% from last week's $201.8 Mn raised across 21 deals Buoyed by Zepto' mega $665 Mn funding round, consumer services dominated sectoral funding charts this week Peak XV Partner, IndiaQuotient, Matrix Partners India, and Dr.
Vaidya's Arjun Vaidya were the most active investors this week, backing two startups each After months of speculations, quick commerce unicorn Zepto finally announced the close of its mega funding round this week. The startup raised $665 Mn at a $3.6 Bn valuation , making it one of the largest cheques bagged by a company in recent history.
For context, Zepto’s funding alone exceeds the cumulative $512 Mn raised by Indian startups in January 2024. Overall, Indian startups cumulatively raised $800.5 Mn across 29 deals this week.
This was a 296% increase from the $201.8 Mn secured by the startups last week across 21 deals. Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor 21 Jun 2024 Zepto Consumer Services Hyperlocal Delivery B2C $665 Mn Series F Glade Brook, Nexus, StepStone, Goodwater, Lachy Groom, Avenir Growth, Lightspeed, Avra Glade Brook, Nexus, StepStone 18 Jun 2024 Aye Finance Fintech Lendingtech B2B $30 Mn Debt FMO FMO 18 Jun 2024 Bira 91 Alcoholic Beverages Alcoholic Beverages B2C $25 Mn Debt Kirin Holdings Kirin Holdings 21 Jun 2024 EKA Mobility Cleantech Electric Vehicles B2B $23.
9 Mn – Mitsui and Co. Ltd Mitsui and Co.