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Startups raise $80 million funding in yet another dry week

Economic Times

Economic Times · 1y ago

Startups raise $80 million funding in yet another dry week

The funding landscape for Indian startups and tech companies remained quiet this week with a total of $80.1 million secured in funding across eight rounds, a decrease of 70% compared to the same period last year. Majority of the funding went to early-stage startups, while seed-stage companies received a small portion. Some of the companies that secured funding this week include PMI Electro Mobility Solutions, The Indian Garage Co, Inc.5 Shoes, UrbanMatrix Technologies, Blubirch, Giga ML, and Garuda Aerospace.

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Early-stage deals in focus as startup funding remains muted at $146 million this week

Economic Times

Economic Times · 1y ago

Early-stage deals in focus as startup funding remains muted at $146 million this week

Indian startups experienced a dry funding week with $146 million raised in 22 rounds, marking a 70% decline from the previous year's $494 million across 46 rounds, according to Tracxn. The funding activity also dipped by 11% compared to the prior week's $164 million in 21 rounds. Peak XV Partners' $35 million investment in Neo Group, a wealth and asset management platform, was the largest funding round of the week. Early-stage startups secured the majority of the funding, while late-stage and seed-stage funding claimed smaller portions of 35% and 14.5%, respectively.

From Perfios To Nanonets- Indian Startups Raised $226 Mn This Week

Inc42 · 1y ago

From Perfios To Nanonets- Indian Startups Raised $226 Mn This Week

Indian startups raised a total of $226.2 million across 18 deals in the second week of March, marking a 50% increase from the previous week. Fintech sector emerged as the most funded sector, with a total of $91.5 million raised across four deals. Perfios, a fintech SaaS startup, became a unicorn after securing $80 million in funding from Teachers’ Venture Growth. Seed funding also gained momentum, with startups securing $5.9 million. Venture Catalysts was the most active investor during the week.

Startup funding plummets 80% on year to $45 million this week

Economic Times

Economic Times · 1y ago

Startup funding plummets 80% on year to $45 million this week

Startup funding in the second week of April 2024 declined by about 80% from the same period last year, totaling $45 million across 10 deals. The average funding per deal dropped to $4.5 million. AI cloud and platform-as-a-service startup, Neysa, accounted for 44% of the total corpus raised this week with a funding round of $20 million. Most of the funding went to seed-stage startups, capturing 59.2% and raising $26.7 million. The top five deals included Neysa, Recykal, Planys Technologies, Arrivae, and EyeMyEye.

Start-Ups Raise $80 Million At 'DDay3' Event

OutlookIndia

OutlookIndia · 2y ago

Start-Ups Raise $80 Million At 'DDay3' Event

The third edition of DDay, co-organized by 9Unicorns and Venture Catalysts, showcased 23 startups that collectively raised around $80 million. Despite market challenges, all participating startups secured funding, with 52% from tier II and III cities. The event strengthens the ability to raise Series A rounds efficiently, aiding startups during uncertain times.

Startup funding down 80% to $144 million this week

Economic Times

Economic Times · 1y ago

Startup funding down 80% to $144 million this week

Investments in Indian startups plummeted by about 80% year-on-year, reaching $143.9 million across 26 deals for the week. In the same period last year, startups secured $722 million in 30 rounds. Late-stage funding led this week's capital influx at $65 million, accounting for 45.2% of the total, followed by $55.3 million in early-stage funding, constituting 38.4%. Notable deals include Nazara Technologies raising Rs 250 crore, International Battery Company securing $35 million, Wow! Momo Foods garnering Rs 350 crore, FinAGG Technologies raising $11 million, and Alt Mobility receiving $6 million.

[Weekly funding roundup June 21-27] A sharp rise in VC inflow

YourStory

YourStory · 2m ago

[Weekly funding roundup June 21-27] A sharp rise in VC inflow

The last week of June saw a significant surge in venture capital funding for Indian startups, with a 568% increase to $374 million compared to the previous week’s $57 million. This boost was driven by a larger number of deals, notably a $100 million raise by tech startup Raphe mPhibr. It marked the third-best week of the year. Meanwhile, startups like GIVA, Wiom, and EKA Mobility partook in key fundraising activities. However, external economic challenges persist.

From BluSmart To Grow Indigo — Indian Startups Raised $48 Mn This Week

Inc42 · 1y ago

From BluSmart To Grow Indigo — Indian Startups Raised $48 Mn This Week

Indian startups faced a 72% drop in funding, securing $48 million across eight deals in the week ending February 3. This decline followed the interim budget week, with funding activity decreasing both in terms of value and volume. EV startup BluSmart led the funding with $25 million from responsAbility Investments AG. Cleantech emerged as the most funded sector, raising $36 million across three deals. Edtech giant BYJU’S initiated rights issues procedures to raise $200 million at a $225 million valuation, while dairy tech startup Stellapps is reportedly in talks with existing investors for a $20 million Series C funding round.

From Captain Fresh To Amber — Indian Startups Raised $125 Mn This Week

Inc42 · 1y ago

From Captain Fresh To Amber — Indian Startups Raised $125 Mn This Week

Indian startups secured $125 million in funding through 18 deals this week, marking a 25.5% decrease from the previous week. Notably, B2B seafood startup Captain Fresh raised $25 million from British International Investment and Nekkanti Seafoods, while travel platform ixigo's parent company Le Travenues Technology resubmitted its draft red herring prospectus (DRHP) to raise INR 120 crore ($16 million) through a fresh issue of shares.

From Propelld To RED.Health — Indian Startups Raised $122 Mn This Week

Inc42 · 1y ago

From Propelld To RED.Health — Indian Startups Raised $122 Mn This Week

Indian startups raised a total of $121.8 million in funding across 21 deals during the week of May 13 to 18. This amount represents a 45% decrease compared to the previous week. Fintech startups dominated the funding trends, raising $33.1 million in three deals. However, seed funding continued to decline, with startups at this stage securing just $3.5 million during this week.

Indian startup funding climbs 226% to $596 million this week

Inshorts · 9m ago

Indian startup funding climbs 226% to $596 million this week

Indian startups raised $596 million in funding this week, 226% more than the $182.62 million raised last week. Quick commerce platform Zepto raised $350 million at a $5 billion valuation, while omnichannel nutrition platform HealthKart secured $153 million in funding. Zopper and Doodhvale Farms were also among the 23 startups that raised funding this week.

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