From Third Wave Coffee To MATTER — Indian Startups Raised Over $210 Mn This Week
Indian startup funding activity took a minor hit in the last week of August. Twenty three startups managed to raise…
Indian startup funding activity saw a slight decline in the week of August 24-28, with 23 startups raising a combined $210.3 million. This was 9.8% lower than the previous week's total of $233.2 million raised by 19 startups. Ecommerce and advanced hardware & technology were the leading sectors, together accounting for 51.6% of the total funding raised during the week.
In ecommerce, four startups raised a total of $58.5 million. Third Wave Coffee led the sector with a $43 million funding round, with WestBridge Capital and Creagis leading the investment. Advanced hardware & technology followed with three deals totaling $49.9 million, with Airbound raising $37 million in its Series A round. Other sectors like AI, cleantech, consumer services, and fintech also saw funding activity, with three to four deals each.
Among the investors, Capital 2B and Equanimity Investments emerged as the most active, backing two startups each.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
