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ETtech Deals Digest: Perfios, Lohum deals boost startup funding nearly 3x to $187 million this week

Economic TimesEconomic Times · 8m
ETtech Deals Digest: Perfios, Lohum deals boost startup funding nearly 3x to $187 million this week

Perfios and Lohum, two growth-stage startups, each raised over $50 million in equity-based funding, a rare achievement for companies in this stage. These deals contributed to an overall increase in funding numbers, reaching $186.6 million across 10 deals. While this demonstrated a significant growth compared to the previous year, the volume of deals declined by 41%. Perfios secured $80 million from Teachers' Venture Growth, earning it unicorn status, and Lohum raised $54 million in a funding round led by Singularity Growth Fund. The majority of funding, $103.6 million, was raised in the early stage. Other notable deals include Cureskin, Freed, Sugar.fit, and Kimbal Technologies.

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