The first week of August was a welcome relief for the Indian startup ecosystem as venture capital rose sharply with the major lift coming in from the $120 million fund raise of EV startup River Mobility.
After VC funding dropped to below $100 million in the last week of July, the first week of August saw total funding of $323 million from 25 deals.
In contrast, the funding in the previous week was just $67 million.
This week there were funding deals across stages and segments.
The funding came across segments such EV, insuretech, fintech, and D2C.
