Indian startups closed financing worth $1.09 billion across 14 rounds during the week ended June 26, led by fintech firm Cred’s $900 million financing. This was 171.8% higher than the previous week, when startups raised $402.6 million across 20 rounds, and 290.4% above the same period last year.
Late-stage deals dominated funding activity this week, accounting for 93.1% of the total capital. Early-stage deals made up 4.9%, while private equity rounds accounted for 1.2%.
Among VC firms, Bessemer Venture Partners, Norwest, and Lightspeed Venture Partners were the active backers this week, participating in the rounds of Mitigata, Coval.ai, and Super Living, respectively.
