Indian Startup Funding — Startups Raised $62 Mn This Week

Only nine startups managed to raise $62.2 Mn between August 18 and 23, marking a 77% decline from the $272.1 Mn across 18 deals in the preceding week

Ecommerce startups cornered the bulk of this week’s fresh funding, with five players raising $33.6 Mn

Seed funding slipped 84% to $2 Mn across four deals

The third week of August brought a slump for the Indian startups, as ongoing disruptions in the gaming industry dampened investor confidence. Only nine startups managed…