Startups managed to raise only $55 million across 16 funding rounds during the week of July 8 to 14, a decline of 89% over the same period last year, when they raised $516 million across 65 rounds, according to data provided by market research firm Tracxn.
Funding activity was down 84% sequentially. The previous week of July 1 to 7 saw $350 million deployed across 23 funding rounds.
As expected, there were no investments in late-stage startups this week. However, early-stage startups received $33.3 million, while seed-stage startups secured $21.6 million.
Among the crop of companies that raised funding were Neuron Energy, a provider of lead acid batteries; Okulo Aerospace, which develops autonomous unmanned aerial vehicles (UAV); Nutrizoe, which offers snacks for lactating mothers; and agritech marketplace Hectar.
Others included sports coaches and academies aggregator Spolto, crop nutrition solutions provider GreenGrahi, organic beauty products brand Clensta, blockchain development and consulting service provider Webmob, and VehicleCare, an AI-based platform offering car repair and maintenance services.
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Here are the top startups, in terms of deal size, that got funded this week:SaaS management platform Zluri raises $20 million: SaaS management platform Zluri raised $20 million in a Series B round led by Lightspeed. Existing investors MassMutual Ventures, Endiya Partners and Kalaari Capital participated in the funding round.
SmartDukaan raises $10 million: Smartphone retail tech platform SmartDukaan secured $10 million in a funding round led by Findoc Finvest. Other participants in the pre-series A round were Leafberry Ads and angel investors.
Personal care startup Clensta raises Rs 75 crore: Direct-to-consumer personal care brand Clensta International raised Rs 75 crore in debt and equity in its pre-Series funding, led by TradeCred and the royal family of the UAE. Other investors included Export-Import Bank of India (EXIM Bank), Mumbai Angels, Keiretsu, LetsVenture and O2 VC Fund.
Fold Health raises $6 million led by Iron Pillar: Healthtech platform Fold Health announced $6 million in funding, led by Iron Pillar. Other investors included Iora Health founder and former CEO Dr Rushika Fernandopulle, National Quality Forum former president and CEO Dr Christine Cassel, Aetna former board member Dr Molly Coye, Cigna former chief growth officer Sridhar Krishnan, and Perot Jain managing partner Anurag Jain.
Hectar Global raises $2.1 million in seed funding led by Powerhouse Ventures: Agritech startup Hectar Global raised $2.1 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from WEH ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha.
Fintech OneStack raises $2 million: Gurugram-based fintech startup OneStack raised $2 million in equity funding from a clutch of venture funds, including GrowX, Stride Ventures, 9Unicorns and Venture Catalyst.
