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Inc42
| 2mFrom Rentmojo To Yulu – Indian Startups Raised $110 Mn This Week
Investment activity in the Indian startup ecosystem remained slow in the third week of February. Startups collectively raised $110.4 million across 15 deals, a 12% decrease from the previous week. Seed funding also decreased to $4.1 million across five deals. Cleantech and fintech sectors received the highest number of deals, with cleantech securing $35.9 million and fintech obtaining $11.2 million. Some notable funding rounds included EV startups Yulu and Pure EV raising $19.25 million and $8 million respectively. Additionally, online furniture rental startup Rentomojo raised $25 million in its Series D funding round.
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