Venture capital funding into Indian startups for the month of August, till now, has largely been bolstered by large solitary transactions, without which the overall funding would have been much smaller.
This week, Navi's $100-million fundraise helped VC funding touch $187 million, a marginal improvement from the previous week's total funding of $146 million.
The funding largely spanned the segments of financial services, data centres, deeptech and consumer, across 16 deals.
Each of the three weeks of August has seen one single transaction lifting the overall funding: River Mobility’s $120 million in the first week, $93 million raised by Yulu in the second week, followed by Navi's fundraise in the third week.
The rest of the deals were small-value transactions.
