Indian startups cumulatively raised $265.2 Mn via 16 deals, a 33% decline from the $395.63 Mn raised via 20 deals in the preceding week
The week saw a mega deal materialise with Bluestone raising $107.2 Mn in its pre-IPO round
Seed funding continued to move in a downward trajectory this week, with startups raising $1 Mn in the week, an 88 decline from last week's $8.85 Mn funding
Funding momentum across the Indian startup ecosystem took a blow in the third week of the ongoing month after bucking an uptick trend in investment activity. Between August 19 and 24, startups raised $265.2 Mn across 16 deals, a 33% decline from the $395.63 Mn raised via 20 deals in the preceding week.