From Greenjoules To mistEO — Indian Startups Raised Over $25 Mn This Week

SUMMARY

• Indian startups cumulatively raised a mere $25.2 Mn between November 9 and November 13, down 90.1% from $255 Mn raised in the preceding week
• Clean tech led the funding charts this week, with three deals collectively bringing in $16.2 Mn. Meanwhile, early-stage startups ventures collectively bagged $2.1 Mn this week
• The number of deals also fell 55% to just nine this week compared to 20 in the previous week, pointing to a marked slowdown in funding activity

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The post-festive cheer appears to have done little to lift India’s startup ecosystem as funding activity lost steam this week. Following signs of a recovery in the preceding weeks, the funding landscape witnessed a sharp pullback between November 9 and November 13 as both deal activity and capital inflows took a major hit.

This week, just nine startups raised a combined $25.2 Mn, marking a steep 90.1% decline from the $255 Mn raised in the previous week. The number of deals also fell 55% from 20 in the preceding week, pointing to a marked slowdown in funding activity.