From Yulu To Discovered Materials — Indian Startups Raised $140 Mn This Week
Indian startup funding activity remained muted in the second week of August, even as astrology platform AstroTalk joined the unicorn…
Indian startups collectively raised $140 Mn in funding during the week of August 10 to 14, marking a 44% decrease from the previous week's $274.4 Mn. Yulu's $93 Mn Series C round was the largest single deal, contributing to 67% of the total capital raised, making it the sector leading the funding activity this week. Other notable startups that secured funding include Centricity with $29 Mn in wealth tech, Discovered Materials with $9 Mn in advanced hardware and technology, and Scrubsy with $3 Mn in e-commerce.
AstroTalk, an astrology platform, joined India's unicorn club, valued at over $1 billion. Lightspeed India Partners, Finvolve, and Peak XV Partners were the most active investors, backing several startups.
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