This represents a 75 percent decline from the $800.5 million secured by startups in 21 deals last week, Inc42 reports.
This week saw the largest funding round by non-banking financial company (NBFC) Northern Arc. It raised $75 million through non-convertible debentures (NCDs) from Dutch entrepreneurship development bank FMO.
The fintech sector emerged as a favorite of investors this week as startups in the sector secured a total of $77.4 million in three deals.
Startups in the e-commerce sector raised $48.3 million from five deals, enterprise tech raised $25.8 million from three deals, real estate tech raised $20.2 million from one deal and health tech raised $10.5 million.
However, according to the report, seed funding this week dropped 69 percent to $6.9 million from $22.7 million last week.
Software-as-a-service (SaaS) startup Rocketlane raised $24 million in its Series B funding round co-led by 8VC, Matrix Partners India and Nexus Venture Partners.
Co-working space solutions provider Smartworks has secured $20.24 million (Rs 168 crore) from a consortium of investors including Keppel, Ananta Capital Ventures Fund I, Plutus Capital, Family Trust and HNIs.
Meanwhile, a Nasscom report said India now ranks sixth among the top nine deep-tech ecosystems globally with 3,600 such startups that received funding of $850 million last year.
This week saw the largest funding round by non-banking financial company (NBFC) Northern Arc. It raised $75 million through non-convertible debentures (NCDs) from Dutch entrepreneurship development bank FMO.
The fintech sector emerged as a favorite of investors this week as startups in the sector secured a total of $77.4 million in three deals.
Startups in the e-commerce sector raised $48.3 million from five deals, enterprise tech raised $25.8 million from three deals, real estate tech raised $20.2 million from one deal and health tech raised $10.5 million.
However, according to the report, seed funding this week dropped 69 percent to $6.9 million from $22.7 million last week.
Software-as-a-service (SaaS) startup Rocketlane raised $24 million in its Series B funding round co-led by 8VC, Matrix Partners India and Nexus Venture Partners.
Co-working space solutions provider Smartworks has secured $20.24 million (Rs 168 crore) from a consortium of investors including Keppel, Ananta Capital Ventures Fund I, Plutus Capital, Family Trust and HNIs.
Meanwhile, a Nasscom report said India now ranks sixth among the top nine deep-tech ecosystems globally with 3,600 such startups that received funding of $850 million last year.
