Over $535 Mn Raised By Indian Startups just this Week!
- ByStartupStory | December 6, 2021
After a boiling funding round throughout November that raised $1.8 Bn in investment across 38 deals, December started on a cold note; so far. Startup investment has dropped significantly in the first week of December. Between November 29 and December 4, the Indian startup ecosystem managed to raise around $535 Mn across 49 deals. This is a 70% drop from the last week, where the ecosystem mopped up around $1.8 Bn in investment across 38 deals. However, this week’s investment is also 33% higher than the week prior, when the ecosystem bagged $400 Mn across 26 deals.
The biggest investment in this week was picked by Bengaluru-based fintech startup slice, which bagged $220 Mn in a Series B round led by Tiger Global and Insight Partners. This capital infusion helped slice to enter the unicorn club at over a billion dollars valuation.
The second largest round of funding was led by CureFit. Inc42 exclusively reported that CureFit closed its $145 Mn round after receiving investment from Zomato, Temasek, South Park Commons, Accel and Mukesh Bansal at over $1.4 Bn valuation.
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