[Weekly funding roundup June 20-26] CRED fundraise helps VC inflow to cross $1B

The last week of June saw venture capital funding into Indian startups crossing the $1 billion mark on a weekly basis for the first time since 2023 and this was primarily due to the $900 million fund infusion into Kunal Shah-founded fintech unicorn CRED by Meta. The funding raised by CRED is also the largest ever by an Indian startup since 2023, as per data available with YourStory Research. The total funding for the last week of June came in at $1.1 billion from 19 deals.