From Atomberg To Pixxel — Indian Startups Raised $209 Mn This Week

SUMMARY

The Indian startup ecosystem secured $209 Mn funding across 13 deals in the last week of May

Consumer appliances brand Atomberg bagged $86 Mn in its Series C round of funding from Google -– making it the biggest fundraiser of this week

Aurum PropTech’s board approved the acquisition of NestAway for $10.93 Mn

After witnessing a sustained upward funding trend over the past couple of weeks, the last week of May plummeted again. Between May 29 and June 3, 2023, the Indian startups collectively raised $209 Mn across 13 deals, which is relatively better than most of the weeks since the onset of the funding winter. However, this week’s funding is 56% lower than the $476 Mn raised across 16 deals last week.Pixxel

Still, this week’s funding is 22% higher than $171 Mn raised by Indian startups between May 15 and May 20 across 18 deals.Deeptech2018BengaluruAwais Ahmed +1$98.0 MnDeeptech2018BengaluruAwais Ahmed +1$98.0 Mn