Venture capital funding into Indian startups rose marginally in the last week of the month driven by reasonably sized deals in an otherwise tepid environment. The total funding for the week was $245 million across 27 deals, compared to theprevious week's fundraise of $187 million. In the previous three weeks of August, there was at least one deal worth $100 million or so:River Mobility,($120 million),Yulu($93 million) andNavi($100 million). But there were no such deals in the last week of the month. This week, deals were spread across segments such as coffee brands, aerospace, and electric vehicles. The overall funding momentum in Indian startups continues to be lukewarm, and it is unlikely to turn around anytime soon. Third Wave Coffee, a homegrown coffee and QSR food brand, raised Rs 408 crore ($42.8 million approx.) from WestBridge Capital, Creagis, and other angel investors. Aerospace startupAirboundraised $37 million from Greenoaks, DoorDash, Lachy Groom, Lightspeed, and Humba Ventures. EV startupMATTER Motor Worksraised $25 million from Helena, Capital 2B, and Shakopee Mdewakanton Sioux Community. AI startupRunableraised $21 million from Susquehanna Venture Capital, Nexus Venture Partners, Together Fund, and Array VC. Wealth management startupNexedge Capitalraised $20 million from Mirae Asset Venture Investment and Elev8 Venture Partners. Astrology platformInstaAstroraised $12 million from Singularity AMC, Artha Venture Fund and founders. Spacetech startupInspeCityraised Rs 100 crore ($10.5 million approx.) from Speciale Invest, Ashish Kacholia, Antler India, Manish Gandhi, and Shastra VC. Voice AI startupRingg AIraised $10 million from Peak XV Partners, Arkam Ventures and Capital 2b. Skincare brandAsayaraised Rs 88 crore ($9.2 million approx.) from RPSG Capital, OTP Ventures, Huddle Ventures, Hyperscale Ventures and 72 Ventures. Logistics tech startupTrucksUpraised $8.2 million from institutions, family offices and founders. EV startupOmega Seiki Mobilityraised Rs 50 crore ($5.2 million approx.) from Abhishek Misra, Unistone Capital, Sanjeev Agarwal Family Office, and Brijesh Parekh Family Office.
