VC Funding in India Picks Up as Large Rounds Drive Mid-August Rebound
Divergent weekly totals underscore provisional inflow data as marquee rounds by Truemeds, Zepto and Darwinbox boost confidence
Overview
- VC inflows rebounded in the week of Aug. 11–16, with Inc42 reporting $272.1 million across 18 deals and YourStory citing $324 million across 27 deals due to differing inclusion criteria.
- Healthtech and enterprise sectors drove the uptick as Truemeds raised between $65 million and $85 million, Zepto secured $45.7 million and Darwinbox garnered $40 million.
- Peak XV Partners led investment activity by backing a series of startups including Truemeds, Arintra, Dashverse and Graas.ai.
- Fractal filed its draft red herring prospectus with SEBI for a ₹4,900 crore IPO and VC firms Speciale Invest and Atomic Capital closed funds at ₹600 crore and ₹400 crore respectively.
- M&A transactions such as StampMyVisa’s acquisition of Teleport and Zetwerk’s stake purchase in KRYFS Power Components underscored ongoing liquidity in the market.