Fintech and e-commerce push August startup funding to $960 Mn

Venture funding for Indian startups showed signs of recovery in August after slipping 38% in July. Although the total inflow remained under the $1 billion mark, the rebound was driven by late stage and growth stage deals. Fintech emerged as the top funded sector, followed by e-commerce and healthtech, while segments like agritech and edtech continued to see little to no activity. At the same time, the government’s crackdown on gaming companies has triggered shutdowns and forced several players to pivot, leaving the sector in a battle for survival.