Indian startups had a successful week, with 28 of them securing over $800 million in funding.

This week, it was reported that a total of 28 startups in India have successfully raised a combined amount of $800.5 million through 29 funding deals. This is a huge leap from last week's numbers, which saw only $201.8 million raised by 21 startups. The news was shared by Inc42, a popular media platform covering startups and entrepreneurship in India.

One of the biggest success stories this week was that of Zepto, a quick commerce unicorn that announced the closure of its mega funding round. The company managed to secure a whopping $665 million at a valuation of $3.6 billion, making it one of the largest funding rounds in recent times. This is a testament to the growing potential and interest in the Indian startup ecosystem.

In terms of sectors, consumer services dominated the funding landscape with a massive $665 million raised. Fintech also saw a significant influx of $50.3 million, followed by alcoholic beverages with $25 million, cleantech with $23.9 million, and enterprisetech with $16.7 million. This diverse range of sectors highlights the diverse and thriving nature of the Indian startup scene.

In other news, Aye Finance, a microlending platform, secured Rs 250 crore in debt funding this week. The round was led by FMO, a Dutch entrepreneurial development bank. Another noteworthy funding announcement came from craft beer maker Bira 91, which received $25 million through external commercial borrowing (ECB) from its existing investor Kirin Holdings. This brings the total funding received by the company in the last three months to $50 million, with $25 million raised from Tiger Pacific Capital in March.

A recent report by Tracxn, a leading market intelligence platform, revealed that Indian tech startups have raised a total of $4.1 billion in the first half of this year. This marks a 4% increase from the second half of 2023, where funding amounted to $3.96 billion. This further showcases the resilience and growth potential of the Indian startup ecosystem.

All in all, it has been a highly successful week for Indian startups, with significant funding raised and promising developments in various sectors. This is a positive sign for the future of the Indian startup scene, and we can expect to see even more exciting developments in the coming weeks and months.

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