From OYO to Ather Energy- Indian Startups Raised $395 Mn This Week

From OYO to Ather Energy- Indian Startups Raised $395 Mn This Week

SUMMARY

Indian startups cumulatively raised $395.63 Mn via 20 deals, up 250% from the $112.9 Mn raised last week via 22 deals

The week saw a mega deal materialise with OYO raising $175 Mn in a down round

While Unicommerce and FirstCry got publicly listed in the week, three more startups filed their IPO papers in the week

In the week when startups were seen making a beeline for the bourses, investment activity across the ecosystem also managed to pick up the momentum. Between August 12 and 17, Indian startups cumulatively raised $395.63 Mn via 20 deals, a 250% increase from the $112.9 Mn raised across 22 deals in the preceding week.

Amid a notable uptick in the startup funding this week, SaaS startup Unicommerce and omnichannel retail startup FirstCry made their debuts on the stock exchanges on August 13. Further, logistics major Ecom Express, coworking startup Smartwork and construction  marketplace ArisInfra filed their draft red herring prospectus (DRHP) in the week. 

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