The month of July was very low for Indian start-ups in view of moderate inflow of venture capital funding due to lack of large value deals.

The total venture capital funding in the second week of July was $128 million across 21 deals. By comparison, last week's total funding was $257 million.

Venture capital funding has been in the range of $100-200 million per week so far, except for a few weeks after the big deal was announced. This reveals that the startup ecosystem is in the grip of "funding winter," and there is no clarity on when the fund flow will increase at a steady rate.

The combination of global and domestic factors has hindered the flow of capital into the start-up ecosystem. High interest rates in the U.S. and an uncertain economic outlook in advanced economies have become a stumbling block.

At the same time, the US has witnessed an influx of capital into AI start-ups. However, this trend is yet to be seen in the Indian start-up ecosystem.

Anicut Capital and NABARD found that there are other positive developments for the ecosystem as financial institutions continue to raise capital for venture-related activities. It is expected that this capital will be transferred to Indian start-ups in the near future.

The wealth management platform has raised Rs 265 crore ($32 million) from Premji Invest, Elevation Capital, Matrix Partners India and Accel.

Agritech startup Arya AG has raised $29 million from Blue Earth Capital, Asia Impact and Quona Capital. GOAT Brand Labs raised $21 million from BlackRock, Mayfield, NB Ventures, and others.

Cancer-focused biotech startup Immune Therapeutics has raised Rs 100 crore (about $12 million) from TAIBA Middle East FZ LLC. Planet Marathi OTT, a Marathi language video-streaming platform, has raised $5 million from A & MA Capital USA.

Tech startup Circuit House Technologies has raised $4.3 million from Stellaris Venture Partners, 3one4 Capital, and other angel investors.