From Wiom To Kapture CX — Indian Startups Raised $42 Mn This Week

29 Jul'23 | By Debarghya Sil

The Indian startup ecosystem secured $42 Mn funding across 16 deals in the fourth week of July

Delhi-based telecom startup Wiom raised INR 140 Cr ($17.1 Mn) in a Series A funding round led by RTP Global, making it the biggest fundraise of this week

Marico signed a definitive agreement to acquire 58% – a majority stake – in D2C nutrition brand Plix for INR 369.01 Cr

After witnessing a pronounced V-shaped recovery in the third week of July, the Indian startup ecosystem witnessed a significant drop in funding between July 24 and July 29. In this week, Indian startups managed to raise a mere $42 Mn in funding across 16 deals. This is a 62% drop from $111 Mn raised by Indian startups between July 17 and July 22, 2023 across 19 deals. Further, this week’s funding is also 50% lower than the $85 Mn raised between July 10 and July 15, 2023 across 17 deals.