Investment activity in the Indian startup ecosystem remained subdued this past week, with $206 million being poured in, across 20 rounds, according to data provided by market intelligence firm Tracxn.

Funding this week dipped 86% from the same one-week period last year, when startups had raised $1.5 billion across 66 rounds. And compared to last week’s $1.26 billion worth of investments in startups across 18 rounds, funding activity plummeted by 84% this week.

A significant portion of the total funding came from PhonePe, which raised $100 million from existing investor General Atlantic. This brings General Atlantic’s total investment in PhonePe’s ongoing $1 billion funding round to $450 million, following a $200 million investment by its parent company, Walmart, last month.

Late-stage funding, driven by PhonePe’s $100 million raise, formed more than half of the total funding activity. Seed stage funding stood at $18.2 million, representing 9% of the total funds raised, while 36% share went to early-stage investments, at $73.7 million.

Here is a list of startups that got funded this week:

PhonePe chalks up further $100 million from General Atlantic: General Atlantic (GA) infused an additional $100 million in PhonePe as a part of the payments company’s $1-billion primary funding plan and may pump in another $100-200 million, said three people with knowledge of the matter. If this happens, GA and affiliate funds would have invested $550-600 million as a part of PhonePe’s mega fundraise, which is against the grain of the funding slowdown gripping Indian startups.MPL’s game development unit Mayhem Studios raises $20 million: Mayhem Studios, the mobile game development studio launched by Bengaluru-based esports and online gaming unicorn Mobile Premier League (MPL) last year, has raised $20 million in its Series A round led by Sequoia Capital with participation from Steadview Capital, Truecaller and others, people aware of the development told ET. Bing Gordon, chief product officer at US-based venture capital firm Kleiner Perkins, has participated in the round in his personal capacity.

JSW One Platforms raises Rs 205 crore in funding: Conglomerate JSW Group on Monday said its technology business JSW One Platforms has secured Rs 205 crore in funding from Japan’s Mitsui & Co, valuing the marketplace at Rs 2,750 crore. JSW One Platforms will utilise the money to strengthen its market presence and improve its technology.

Celcius raises Rs 100 crore in a funding: Cold chain solutions provider Celcius Logistics has raised Rs 100 crore in a funding round led by IvyCap Ventures, the company said on Monday. The startup had earlier raised Rs 35 crore from existing investors Mumbai Angels, Supply Chain Labs, Endurance Capital, VCats, Huddle, Eaglewings Ventures (EVAN), and others.

SimpliContract raises $3.5 million led by Emergent Ventures: Contract Lifecycle Management (CLM) venture SimpliContract has closed a pre-series A funding round of $3.5 million raised. The investment was led by Emergent Ventures, with participation from Kalaari Capital, Picus Capital, Foster Ventures, Leslie Ventures and Sentinel Ventures.The funds will primarily be used to fuel SimpliContract’s growth and expansion in the US and European markets, with a focus on investing in sales and marketing.

Luxury D2C skincare brand RAS raises $1.5 million in funding: Luxury skincare and personal care brand RAS announced that it has raised $1.5 million from New York-based sustainability-focused venture capital firm Green Frontier Capital and other existing investors. Founded by Sangeeta Jain and her two daughters Shubhika Jain and Suramya Jain, the luxury direct-to-consumer (D2C) skincare and beauty brand claims to be growing 300% year-on-year since its inception in 2017.

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