Indian Startups Raise $281 Mn This Week; D2C Brands Pull $22.7 Mn Across Six Deals
Mid-July funding hit $281.4 Mn over 24 deals. Ecommerce and D2C names including Groyyo ($9.3 Mn), Open Secret ($5.2 Mn), Promom, Anmasa and BUILT drove the retail slice. B2B major Udaan eyes a $160 Mn raise amid insolvency pressure, while Elevation Capital launched a $500 Mn consumer-focused Fund IX.
Indian startups raised $281.4 Mn across 24 deals in mid-July; ecommerce/D2C brands including Groyyo, Open Secret, Promom, Anmasa and BUILT raised $22.7 Mn. Udaan plans $160 Mn raise amid insolvency; Elevation launches $500 Mn consumer-focused Fund IX.
Why this matters
Udaan's $160 Mn raise anchors weekly funding as it navigates insolvency pressure, following its pivot to an inventory-led 'DMart for shopkeepers' model and reported BlackRock private credit talks.
Retail-company signals accelerating at +879500% QoQ.
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