Weekly funding roundup May 13 –May 18: From Propelld to Red.Health – Indian startups raised $122 million this week

Fintech regained supremacy in weekly funding trends, with entrepreneurs in the industry raising $33.1 million across three deals.

Seed funding continued to decline this week, with firms at this stage getting $3.5 million this week.

Funding activity in the world’s third-largest startup ecosystem fell for the second week in a row in May.

Between May 13 and 18, Indian companies raised $121.8 million across 21 agreements, a 45% decrease from the previous week’s $220.2 million raised across the same number of deals.

Propelld, a fintech firm, received the largest cheque of the week. Fintech topped the sectoral fundraising trend, boosted by its $25 million fundraise.

Gruhas Proptech and Venture Highway were this week’s most active investors, each funding two firms.