Weekly startup funding plunges 70% to $92.2 Mn as ecommerce leads deal count
Inc42's roundup flags a 70% drop in weekly Indian startup funding to $92.2 Mn, with ecommerce topping deal volume. Scapia raised $63 Mn and StrainX $13 Mn, while Cashfree leans on cross-border payments to defend its PA niche amid 55 PA licences in play.
Inc42 weekly roundup: oil price surge pressures India ride-hailing fares and shifts demand to shared/EV mobility; Cashfree pursues PA niche via cross-border payments; weekly startup funding fell 70% to $92.2 Mn with ecommerce leading deal count.
Why this matters
Cashfree faces intensifying PA competition with 55 licences in play, pushing it toward cross-border payments as a differentiator while broader startup funding cools sharply this week.
Retail-company signals steady at 1,057 over the last 90 days.
Also reported by
- Inc42 · Buzz — Same time