The Indian startup ecosystem has raised around $116 Mn across 24 deals between July 4 and 9, 2022
The week saw M2P acquiring Bengaluru-based startup Finflux for an undisclosed amount
GoMechanic launched ESOP programme worth INR 30 Cr for its service partners, workshops, retailers, distributors, among others
The month of July has started on a bitter note for the Indian startup ecosystem. In the first week of July, between July 4 and 9, the startup ecosystem has managed to raise $116 Mn funding across 24 deals. This is a 60% drop from the last week, where Indian startups raised $292 Mn across 21 deals.
This week did not see any mega deals, no funding round of or above $100 Mn and neither the week minted any new unicorn.
Most active investors of this week were MaGEHold and 9Unicorns as they participated in three deals each.