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Startup funding drops 17% to $155 million this week
Economic Times
·
1y ago
Medial
Startup funding in the first week of February 2024 was down by 17% from the same period last year, amounting to $154.5 million across 27 deals. The majority of the capital raised was in the early stage, accounting for about 79% of the overall deal value. Some notable deals include $40 million raised by electric two-wheeler maker River, $23 million raised by battery tech startup Lohum, and $12 million raised by smart home automation company Keus.
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ETtech Deals Digest: Startup funding drops 92.3% on-year to $83.6 million this week
Economic Times
·
8m ago
Medial
In the week of December 14 to 20, startups raised a total of $83.6 million, marking a significant decrease of 92.3% compared to the same period last year. This also represents an 88.6% decrease from the previous week's total. Data from Tracxn shows that startups secured funds through 17 deals, a notable decline from the 44 deals in the same period last year. Some notable funding rounds include Bureau raising $30 million, Bizom raising $12 million, Zingbus raising $9 million, and Seekho raising $8 million.
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Startup funding down 41% to $53 million this week, volume stays flat
Economic Times
·
1y ago
Medial
Startup funding in the first week of April 2024 saw a decline of 41%, totaling $52.8 million across 17 deals. This marks a decrease from the previous year, while the total number of deals remained stagnant. Deal density in the latest week decreased to approximately $3 million per deal. The marketing software startup SingleInterface accounted for 57% of the total funding raised, securing $30 million in its first external funding round. Other notable deals included Traya Health raising $8.9 million, Innoviti raising $4.7 million, 5th Scape raising $2.5 million, and WIFY securing $2 million.
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Startup funding drops 37% on year to $103 million this week
Economic Times
·
10m ago
Medial
- Startups raised $103.2 million in funding between October 5 and October 11, a 36.7% decrease from the same period last year. - This week's funding total of $103.2 million represents a 34.1% increase from the previous week's total of $77 million. - In total, startups secured funds through 21 deals this week, compared to 29 deals during the same period last year. - Haber, an AI-driven robotics startup, raised $38 million in a funding round led by Creaegis, with participation from Accel India and BeeNext Capital. - Spry Therapeutics, a SaaS company, secured $15 million in funding from Flourish Ventures and existing investors. - Economy Process Solutions, a vacuum and process solutions startup, raised $12 million in a series A round led by Stakeboat Capital Fund II.
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ETtech Deals Digest: Startup funding drops 54% on year to $77 million this week
Economic Times
·
10m ago
Medial
- Startups raised $77 million between September 28 and October 4, a 54.5% decrease from the same period last year. - This week, startups secured funding through 14 rounds, compared to 44 rounds in the year-ago period. - MStack, a specialty chemicals startup, raised $40 million in a funding round led by Lightspeed Venture Partners and Alpha Wave Global. - Basic Home Loan, a fintech startup, raised $10.6 million in a series B funding round led by Bertelsmann India Investments. - Troo Good, a snack brand, raised $8.6 million in a funding round led by Oaks Asset Management. - Str8bat, a sports technology startup, raised $3.5 million in a series A funding round led by Exfinity Venture Partners.
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From Northern Arc to Bluestone – Indian Startups Raised $196 Mn This Week
Inc42
·
1y ago
Medial
Startups in India saw a decline in seed funding this week, dropping by 69% to $6.9 million from the previous week's $22.7 million. Overall, there was a 75% decrease in funding activity, with startups raising a total of $196.47 million across 17 deals, compared to $800.5 million raised across 21 deals the week prior. However, it's important to note that a significant portion of last week's funding was dominated by Zepto, a quick commerce unicorn, which raised $665 million. Excluding Zepto, the rest of the startup ecosystem saw a capital infusion of $135.5 million.
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From slice To BluSmart – Indian Startups Raised $200 Mn This Week
Inc42
·
1y ago
Medial
Indian startups raised $200 million through 25 deals, a 45% increase from the previous week. Fintech company slice secured the largest funding round, obtaining $30 million in debt from Neo Asset Management’s Credit Opportunities Fund. Seed funding also saw growth, increasing by 17% to $9.78 million this week.
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Startup funding drops 59% to 12 deals this week
Economic Times
·
1y ago
Medial
Startup funding in the last week of February 2024 declined by 59% in terms of volume, with only 12 deals totaling $171 million. Late-stage funding accounted for 73% of the overall deal value, while the seed stage accounted for 18%. February saw a total of $516 million raised across 82 rounds. The top deals included a $100 million funding round for logistics startup Shadowfax, a $27 million round for blockchain technology company Avail, a $20 million round for payments provider Mswipe, a $12 million round for luggage brand Mokobara, and a $4.5 million round for mobility platform IntrCity.
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From Ola Electric To Namdev Finvest — Indian Startups Raised $151 Mn This Week
Inc42
·
1y ago
Medial
The funding momentum in the Indian startup ecosystem slowed down in the first week of April, with startups collectively raising $151.6 million, a 38% decline from the previous week. Despite the decline in funding amount, the number of deals increased to 22 from 17. Ola Electric secured the largest funding round, raising $50 million in debt funding. The enterprise tech sector received the most funding, with $52.3 million invested in eight deals. Seed-stage funding also saw an increase, reaching $8.1 million, up 270% from the previous week.
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From Avanse Financial Services To ShareChat — Indian Startups Raised $243 Mn This Week
Inc42
·
1y ago
Medial
Avanse Financial Services, an education-focused non-banking financial company (NBFC), raised $120 million in a funding round led by Mubadala Investment Company. This was the only mega deal for Indian startups this week as fintech startups attracted the highest funding, totaling $151.8 million across four deals. Overall, Indian startups raised a total of $243.3 million from 17 deals, marking a 19% increase from the previous week. Enterprisetech and seed stage funding were also notable trends this week, with startups in the sector receiving $11.2 million and seed stage funding amounting to $3 million.
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Deals Digest: Mid-sized transactions in focus but total value drops for third week
VCCircle
·
1y ago
Medial
Private equity and venture capital dealmaking experienced a decline in value for the third consecutive week, though deal volume remained steady. Despite no individual start-ups securing over $50 million in funding, total funding fell below $200 million. Despite this, the week saw multiple mid-sized transactions taking place.
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