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Indian startups raised $908 million this week buoyed by Flipkart’s mega funding

Economic Times · 1y

Weekly funding in Indian startups reached a 20-month high, totaling $908 million across 19 startups between December 16-20, with Walmart's $600 million investment in Flipkart contributing significantly. The week saw a 211% YoY increase and a 91% sequential increase. Key deals included Flipkart's potential $1 billion raise, GreyOrange's $135 million round, Kitchens@ raising $65 million, VideoVerse securing $45 million, and BluSmart obtaining $24 million in fresh capital. The uptick suggests increased deal activity after a pause to analyze market patterns.