Indian Startups Raise $52 Million in 15 Deals, Down 44% From Previous Week
Updated
Updated · inc42.com · May 29
Indian Startups Raise $52 Million in 15 Deals, Down 44% From Previous Week
1 articles · Updated · inc42.com · May 29
Summary
$52 million was raised by Indian startups across 15 deals between May 22 and 29, down from $92.2 million across 17 deals a week earlier; four additional deals disclosed no funding amount.
$15 million for Fairdeal.Market's Series A made ecommerce the week's top-funded segment, while StrainX Bioworks followed with $13 million and TIEA Connectors raised $8 million.
Seed-stage funding fell 78% to $1.6 million across three deals from $7.6 million last week, underscoring continued volatility in the world's third-largest startup ecosystem.
Fresh capital is still forming around the market: Fundamentum Frontier Advisors launched a ₹2,000 crore VC fund, while Physis Capital closed a ₹400 crore fund and Himalaya Wealth Managers unveiled a ₹500 crore SME vehicle.