The Indian startup ecosystem has raised around $118 Mn across 24 deals between July 25 and 30, 2022
The week saw COGOS Technologies acquiring logistics startup Porter’s FMCG business
Ola and Uber both have denied the recent merger talks
The last week of July has seen a significant drop in marking investment deals. Between July 25 and 30, the startup ecosystem raised $118 Mn across 24 funding deals. This is a 37.5% drop from the last week, when the ecosystem raised $189 Mn across 29 deals, and is 73.6% drop from the week before, when the Indian startups raised $448 Mn in funding across 30 deals.
The week did not witness any mega round or any new unicorn being minted.