TLDR:
– Venture capital (VC) funding into Indian startups remains steady at around $100 million per week.
– The overall fund inflow into Indian startups is constrained, with no large-value transactions occurring.
Venture capital funding into Indian startups continues to remain steady, with the total funding for the third week of February reaching $147 million across 27 deals. This is a slight decrease from the previous week’s total funding of $173 million. Most of the funding was raised by startups in sectors such as seafood, petcare, and astrology. However, the overall fund inflow into Indian startups remains constrained due to the absence of large-value transactions.
Some key transactions during this week include Captain Fresh, a B2B fish and seafood tech startup, raising $25 million, Amber, a student accommodation platform, raising $21 million, and AstroTalk, a spiritual-tech startup, raising $20 million. Other startups, such as Supertails in the pet care sector and Metalbook in the B2B space, raised $15 million each. Fintech startup Ayekart secured $6.5 million, EV startup Ascend Capital raised Rs 50 crore ($6 million), and rewards-focused internet browser Veera raised $6 million.
Despite the ongoing steady flow of VC funding, the attention around AI-driven startups is yet to gain momentum in India. The current funding state of the Indian startup ecosystem is predicted to prevail for at least another quarter.
