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From Scapia To Kiwi — Indian Startups Raised $61 Mn This Week

Indian startups raised $61 Mn across 10 funding deals, a 38% week-on-week markup. The highest funding deal of the week was by fintech startup Scapia, which raised $23 Mn from Elevation Capital and 3STATE Ventures. The fintech sector emerged as the most funded sector, raising a total of $36 Mn across two deals. Ecommerce saw the highest deal count with five deals sealing $15.5 Mn. In terms of acquisitions, Adobe acquired Bengaluru-based AI-powered video creation platform Rephrase.ai.

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