Indian startups raise $122.9 million in first week of October

Indian startups raised $122.9 million across 25 deals between October 5 and October 9, according to Inc42. The amount marks a 47.4% decline from the $233.6 million raised in 16 deals the prior week. Ecommerce led the sector with $63.9 million across nine deals, driven by DailyObjects’ $34.3 million Series C.

Fintech secured $24 million, advanced hardware and technology attracted $10 million, while edtech and healthtech each brought in roughly $9 million and $8 million respectively, with fintech led by BITKRAFT Ventures in StockGro’s round.

The previous week saw startups raise $233.6 million across 16 deals. This week’s figures cover the period October 5 through October 9.

What we know

• 25 startups raised $122.9 million between October 5 and October 9.

• Startups raised $233.6 million across 16 deals last week.

• Ecommerce attracted $63.9 million across nine deals.

• DailyObjects’ $34.3 million Series C was the biggest contributor, accounting for over half of the ecommerce segment’s funding.

• Fintech ranked second with $24 million in funding.