Indian startups raise $186.1 Mn in first week of September, led by ecommerce startups.

After showing signs of recovery in the final week of August, Indian startup funding surged further in the first week of September. Twenty startups cumulatively raised $186.1 Mn in the first six days of September, a 90% jump from $98.2 Mn secured across 18 deals last week.👇 🔸Ecommerce startups dominated the funding trend this week, with eight startups securing $78.8 Mn. In this, Meesho competitor CityMall bagged the biggest cheque of $47 Mn. 🔸Short video platform Seekho’s $28 Mn funding, quick commerce startup FirstClub’s $23 Mn Series A round, and Colive’s $20 Mn fundraise were the other big ticket deals that materialised this week. 🔸Accel, RTP, Elevation Capital and Inflection Point Ventures were the most active investors this week, backing two startups each. 🔸Six startups at the seed stage raised $2.9 Mn, a decline of 64% from $8.1 Mn raised by such startups in the previous week. #Inc42 #startups #funding #investments #India #stockmarket #BSE #NSE #ecommerce #quickcommerce #retail #D2C #businessnews

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Gourav Chandra Upadhayay

Senior Technical Lead | AI Generalist | Specializing in Automation | CyberSecurity | Observability/Monitoring | SRE | DevOps | Linux | GitLab | AWS Cloud | Python

1mo

It is concerning to see Colive securing funding. Many tenants have reported challenges such as non-refund of deposits and unexpected additional charges that increase the monthly rent. How are investors assessing the credibility of their business and trust? They are the SCAMMERS. You can see so many stories about that on the internet. Some such stories on the internet: https://www.linkedin.com/posts/akash-gupta-ab2128273_complaint-against-colive-fraudulent-activity-7363302150271098881-HkSl https://www.linkedin.com/posts/arunangshu-prasad-chatterjee-514917281_colive-tenantrights-consumerrights-activity-7271057549787832322-2qTE https://www.linkedin.com/posts/indrajit-chowdhury-4a9449b8_worst-experience-ever-colive-your-fam-they-activity-7358886501067214848-dn5W

Hariharan N R S

INSEAD | Product | Pre-Sales | SDWAN | SASE | Wi-Fi | Cloud | Automation |

1mo

I dont see these sort of news on DeepTech / AI related investments

S K V.

Emphasis on building strong relationships, embracing technology, and adopting sustainable practices has enabled the company to stay ahead of the curve in a rapidly evolving industry landscape.

1mo
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