From Boldfit To Origin — Indian Startups Raised About $236 Mn This Week

What happened

Overall, Indian new-age tech ventures raised $236.2 Mn across 25 deals between October 12 and October 16. This was 92.2% higher from the previous week, when 25 startups raised $122.9 Mn.

RapidCanvas’ $29 Mn Series B (an early stage of company funding) round accounted for 54.3% of the total capital deployed in the segment. Startup funding continued to pick up pace in the second week of October.

Ecommerce emerged as the second-most funded sector and lapped up $48.3 Mn, followed by travel tech at $34.6 Mn and enterprise services at $31.8 Mn. Advanced hardware and technology also attracted $23.2 Mn.