Rapido’s massive $730 million funding round propelled Indian startup investment to roughly $790 million across 18 deals in the second week of May, according to Tracxn. That’s a sharp jump from $120.4 million across 19 rounds in the previous week and far above the same week last year. While Rapido’s $240 million late-stage component led the headlines, early-stage startups raised $35.1 million and seed-stage firms collected $12.1 million. HrdWyr and Wingreens World also secured notable rounds.
Startups raised about $46 million in the week ending 17 February, a sharp drop from the $135 million raised in the same period last year, according to Tracxn data. The steep 66% year-on-year decline signals a cooling funding environment as investors become more selective and deal flows slow.
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