Indian startups collectively secured $1.12 billion in funding between June 22 and 26, a substantial 164% increase from the $427.1 million raised in the preceding week. The fintech sector dominated this funding cycle, primarily propelled by a single large deal from CRED, which accounted for over $900 million.The overall funding figure for fintech reached $902 million across two distinct deals, underscoring the sector’s significant capital attraction during this period. This concentration in fintech highlights a continued trend of investor confidence in digital financial services.Seed-stage investments amounted to $35.3 million across four deals, heavily influenced by a $32 million raise by Hang Ten. Excluding this particular transaction, early-stage funding activity remained subdued, totalling $3.3 million across three deals.Bessemer Venture Partners emerged as the most active investor of the week, participating in three separate funding rounds. The venture capital firm backed startups including Square Yards, AllHome, and Mitigata, indicating its strategic focus across various segments.
