Indian startups raised $316.6 million across 23 deals between September 15 and 20, seven times more than the previous week. E-commerce startups led the way in terms of deal count, raising $53.5 million, while Infra.Market’s $83 million round made real estate technology the top-funded sector. Ten early-stage startups raised $23.3 million.

In IPO updates, Grow filed an updated DRHP for a fresh issue of up to Rs 1,060 crore, while Zapfresh launched its BSE SME IPO targeting Rs 59.65 crore. Pine Labs received SEBI approval for its draft IPO papers, and Incred sought permission to raise Rs 1,500 crore. Urban Company made a strong debut with a 56% premium, while DevX got a weak listing.

Pepperfry signed a term sheet for a full acquisition of TCC Concepts, FarmEasy plans to raise Rs 1,700 crore, IFC invested $25 million in Trifecta Capital in other important developments. PayU increased its stake in Mindgate Solutions, BharatPe went through a secondary share sale, and a new VC firm, Spotlight Strategic Partners, was launched with a maiden fund of Rs 200 crore.