Did Indian startups raise $559 million this week?

This week witnessed a surge in investment activity in the Indian startup ecosystem, with firms like Fundamentum, Stride Ventures, Accel, and Stellaris backing multiple ventures. Fintech led the charge, driven by major funding rounds such as Groww’s $202.3 million and CRED’s $72 million, contributing to a total of $339.7 million raised across six deals. In total, Indian startups secured $559.2 million across 19 deals from June 9 to 14, marking a significant 316% increase from the previous week’s $134.4 million across 16 deals. The ecommerce sector followed with $172 million raised, largely due to Spinny’s $170 million funding round. Seed-stage startups also saw an 83% increase, raising $14.1 million this week. Additionally, the week was notable for IPO developments, with companies like ArisInfra, Meesho, Wakefit, and Pine Labs making strides towards public listings. In mergers and acquisitions, Wubba Lubba Dub Dub acquired Imagined Studio, Nazara completed its acquisition of Curve Games, and ICRA agreed to acquire Fintellix.