Venture capital (VC) funding into Indian startups dipped in the second week of June owing to the absence of large deals. 📉 This week, startups raised a total of $223 million across 25 deals. In contrast, the previous week saw $355 million. Key Transactions - 💰 Battery Smart raised $65 million from LeapFrog Investments, MUFG Bank, Panasonic, Ecosystem Integrity Fund (EIF), Blume Ventures, and BII. 💰 Consumer electronics startup Indkal Technologies Pvt Ltd Technologies raised $36 million led by Mauritius-based Aries Opportunities Fund. 💰 D2C startup Foxtale raised $18 million from Panthera Growth Partners, Matrix Partners India, and Kae Capital. by Thimmaya Poojary | #fundingwithys #funding #venturecapital #investment #startups | Ethereal Machines Smartworks RENÉE Cosmetics Arthan Finance 82°E Indigrid Technology Pvt Ltd. 🔗 Read more on the link in our comments section 👇
The Indian startup ecosystem continues to thrive, various big deal announcements every week. And this is the tip of the potential iceberg, there will be more such opportunities for savvy investors and founders in the coming years
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