Weekly Startup Funding News: Indian startups raised $39 Mn this week; from Chupps to Lawyered
Indian startups raised $39 million across 15 deals between April 20 and April 24, marking a 35% decline from the previous week. The media and entertainment sector, driven by gaming startups, emerged as the top-funded segment.
Indian startups collectively raised $39 million across 15 deals between April 20 and April 24, a 35% decline from the $60 million raised the previous week. The media and entertainment sector led funding, driven by gaming startups like LightFury Games, which raised $11 million in its Pre-Series A round. Artificial intelligence (AI) startups dominated deal volume, with three startups raising around $7 million. Seed-stage funding surged to $17.8 million, with early-stage startups attracting fresh capital. Investors like Rainmatter and Finvolve remained active, backing multiple startups. Other notable deals included STCH raising $5.5 million and CureMeAbroad securing $600K. Strategic activity in the ecosystem remained strong, with PlaySimple Games filing for a ₹3,150 crore IPO and Emversity acquiring Lanstitut Technologies.
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