From March 16 to 21, 21 Indian startups from various sectors raised over $363 million in funding. This is a huge jump from the $181 million raised last week. The lending sector saw the highest amount of funding. Weaver Services led the way with $136 million. Neo Group also became the first company to reach $1 billion valuation with $53 million.

The list of big investors includes NBFC firm Ecofy, visa processing startup Atlys, and cross-border e-commerce startup Assiduus Global. Together, the three raised $103 million. Apart from this, several new and emerging startups operating in various sectors like communications, healthcare, and technology, such as Black Soil Capital, Burger Singh, Verbaflow, and CometChat, also received good funding during this period.

Apart from the new investments, some important commercial mergers also took place these days. The most notable of these is the decision to acquire leading Edtech company Unacademy by upGrad. In addition, Poggipolini’s entry into the Indian market by acquiring Aero Fasteners is also one of the major commercial changes this week.