Indian startup ecosystem bags $39.4 million funding in second week of June

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Just last week, this week also experienced some early-stage deals, putting a mammoth share of the total funding amount in the pouch of Indian startup ecosystem. The week shows investors putting their money into varied sectors including artificial intelligence, e-commerce, fintech, healthtech and logistics.

Albeit, the funding in the second week of June fell a little against its previous week to $39.4 million with 14 deals, there were 12 early-stage deals mopping up $35.4 million, and the balance was cornered by other deal-making categories.

However, at the end of the week, an unprecedented announcement was made by social networking ace player Facebook, putting an undisclosed amount in a social commerce platform Meesho. 

While, Tiger Global invested worth $15.5 million in an app-based solution provider OkCredit that helps small businesses keep credit and payments records, the online wholesale marketplace Jumbotail raised ₹90 crore in Series B round funding, led by Heron Rock.

On the other hand, conversational artificial intelligence startup Yellow Messenger raised Series A funding of $4 million from Lightspeed Venture Partners and prominent angel investors.

Whereas, Bengaluru-based COGOS Technologies has raised $1 million in pre-Series A funding round led by IAN investor Niraj Saran. The retail technology startup raised $1 million in its Pre-Series A roundled by Jabbar Internet Group.

Besides, Indonesian unicorn Go-Jek acquired Bengaluru-based AirCTO, an Artificial Intelligence (AI) recruitment platform. The investment also included Disha Medical Services raising $4 million from an undisclosed investor.

Not only this, the Sarva chain of Yoga studios raised an undisclosed amount in an early-stage deal from Shahid Kapoor and his wife Mira.

Moreover, Aditya Birla Group, through its fashion arm Pantaloons acquired marketplan for ethnic articles Jaypore in a deal with undisclosed amount.


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