[Weekly funding roundup July 4-10] VC inflow remains flat

Indian startups raised $107 million across 27 deals in the second week of July, marking the second straight week of muted funding activity.

The subdued venture capital inflow is primarily due to the absence of large-ticket deals, contrasting with June's $1 billion funding largely driven by CRED's $900 million round.

Investors continue to back sectors such as deeptech and AI, though overall numbers remain lower than in the US and China.

Adage Automation raised $24 million from InCred Growth Partners Fund, Global South Capital, and Prachetas Capital.

Other key transactions included Elevate Education securing $18 million from WestBridge Capital and Aukera receiving $10 million from Alteria Capital, InnoVen Capital, and Lighthouse Canton.