This week, 15 Indian startups raised a total of $75.35 million (over ₹630 crore). This is a drop of over 41% compared to the $128.36 million raised by 14 startups in the previous week. While the growth-stage category raised $32.09 million in three deals, the early-stage category received $43.26 million in ten deals. Two startups did not disclose the amount of funding they received.

Synthetic biology startup StrainX Bioworks and B2B quick commerce platform Fairdeal.Market led their respective categories by raising $13 million and $15 million, respectively. While Delhi-NCR and Bengaluru led the way with five deals each, e-commerce startups attracted the most investment with three deals each in terms of regions. Corporate travel platform Ziptrrip also acquired online travel marketplace HelloTravel Online.

Apart from funding, there were also major leadership changes at leading startups this week. UpGrad appointed Mukesh Mundra as its new CFO, while companies like Pocket FM and Lightspeed Venture Partners saw key players step down from their positions. Meanwhile, investors including JM Financial and Ashish Kumar, co-founder of Fundamentum Partnership, also made an active presence in the market this week with announcements of new investment funds.