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

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.

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

Key Startup Funding Deals Of This Week

  • Consumer appliances brand Atomberg bagged $86 Mn in its Series C round of funding from Google -– making it the biggest fundraiser of this week 
  • Ecommerce secured the top spot this week with $86 Mn funding
  • In total deal count, fintech sector clinched the first spot with three deals and $6.5 Mn funding
  • Early-stage startups reported an incremental rise in funding with $6.8 Mn this week, a 152% jump from $2.7 Mn raised last week.

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

Startup Acquisitions Of This Week

Other Major Developments From This Week

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From Atomberg To Pixxel — Indian Startups Raised $209 Mn This Week-Inc42 Media
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