Funding Overview: Indian startups secured $58 million across nine deals in the first week of 2024, representing a 35% decrease compared to the prior week's funding.
SentinelOne's Acquisition: SentinelOne, a US-based company, acquired PingSafe, a cybersecurity startup backed by Peak XV Partners, in a deal that involved cash and stock.
MobiKwik's Refiling: Delhi NCR-based fintech unicorn MobiKwik submitted a fresh DRHP to SEBI intending to raise INR 700 crore through new share issuances.
Country Delight's Funding Round: Dairytech startup Country Delight is in the process of raising $20 million, presumably in a bridge round, with Temasek and existing investors participating.
Ecommerce Sector's Performance: Country Delight's funding significantly boosted the ecommerce sector, which received the highest funding at $33 million and accounted for the most deal counts at two.
Active Investors: Inflection Point Ventures and We Founder Circle were the most active investors this week, participating in two deals each.
Seed Funding Activity: A total of $1.2 million was raised in seed funding across three deals during this specific week in the startup ecosystem.
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