This week, Indian startups raised $88 million, from Geniemode to Quick Clean.

February remained largely bleak for Indian markets due to geopolitical tensions, unequal consumption, and disinterested foreign institutional investors. Investor opinion toward the Indian startup ecosystem also declined dramatically over the course of the month amid this bear market. Through 16 agreements, companies raised a total of $88.3 million in the last week of February. Compared to the $152.9 million raised through 17 agreements the week before, this represents a nearly 43% drop.

E-commerce maintained its position as the sector that investors preferred this week thanks to the largest investment round of the week, Geniemode's $50 million fundraise. In addition to Geniemode, Earthful, a D2C firm, raised $572K over the week. Five firms in the fintech space—Oxyzo, Niyogin, HiWiPay, Dodo Payments, and Hornet—collectively raised $21.5 million. But this week, no investor placed more than one wager. Flourish Ventures, Piper Serica, Unicorn India Ventures, 9Unicorns, and Venture Catalyst are some of the active investors this week. Compared to last week, when firms at this stage funded $15.1 million, seven seed stage startups raised $5.7 million this week, a 62% decrease. We Provide Startup IPO Updates