The third week of April saw smaller deals with no investment crossing $50 million and investors making diverse bets into real estate, logistics, and fintech.
The investments into the Indian startup ecosystem declined by 57 percent in the third week of April when compared to the previous week, to reach $107 million, though it is creditable that funding remained above the $100 million mark in an environment completely subdued due to the coronavirus pandemic.
The funding raised during the week cut across 13 deals with the largest one being $30 million. In the second week of April, Indian startups had raised $248 million.
During this week, early-stage deals accounted for $19 million cutting across eight deals while the growth stage stood at $50 million with two deals. In the late-stage deals, the total amount raised was $37 million with three deals.
Debt financing continued to remain steady at $50 million with a single deal. The quantum of funds across Series A, B, C, or D, remained almost at the similar level. Though, Series C showed the highest quantum at $30 million.