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Inc42
| 15dFrom PharmEasy To Portea — Indian Startups Raised $316 Mn This Week
Indian startups raised a total of $316.4 million in funding across 23 deals in the first week of May, a significant increase from the previous week's $172.6 million raised across 21 deals. The biggest funding round of the week was a $216.2 million investment in digital pharmacy PharmEasy. Healthtech startups emerged as the most funded sector, raising $236.2 million in three deals. Ecommerce startups secured the highest number of deals, with five investments totaling $8.2 million. Seed funding, however, decreased by 64% to $12.3 million compared to the previous week. Several acquisitions were also announced, including Freshworks' acquisition of Device42 for $230 million.
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