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Startup funding rises 97% YoY to $242 million this week

Economic Times

Economic Times · 1y ago

Startup funding rises 97% YoY to $242 million this week

Startups raised $241.7 million in the first week of July, a 96.5% increase compared to the same period last year. However, this marks a 38.5% decline from last week's funding total. Beauty retailer Purplle secured the largest deal, closing a $120 million funding round led by the Abu Dhabi Investment Authority, valuing the company at $1.3 billion. Other notable deals include Oyo raising $50 million, Arya.ag raising $29 million, Rare Rabbit securing $18 million, and Dice raising $5 million.

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From Physics Wallah To iBUS – Indian Startups Raised $447 Mn This Week

Inc42 · 10m ago

From Physics Wallah To iBUS – Indian Startups Raised $447 Mn This Week

Indian startups saw a significant increase in funding this week, raising a total of $447.5 million across 22 deals. This marks a 97% increase compared to the previous week. The highlight of the week was the edtech unicorn Physics Wallah, which secured $210 billion in its Series B funding round. However, seed funding experienced a sharp decline, with startups in this stage only raising $2.3 million this week, compared to $24.9 million the previous week.

ETtech Deals Digest: Startup funding rises 52% on year to $220 million this week

Economic Times

Economic Times · 11m ago

ETtech Deals Digest: Startup funding rises 52% on year to $220 million this week

Startups raised a total of $220.3 million in funding between August 31 and September 6, showing a 52% increase compared to the same period last year. However, this week's funding amount decreased by 50.2% compared to the previous week. The biggest funding round came from mobility startup Rapido, which raised $200 million, contributing to over 90% of the total funding for the week. Other notable funding rounds include Nutrabay raising $5 million, The Hosteller raising $3.8 million, RecommerceX raising $3.6 million, and BigEndian Semiconductors raising $3 million.

ETtech Deals Digest: Startup funding rises 84% on year to $534 million this week

Economic Times

Economic Times · 9m ago

ETtech Deals Digest: Startup funding rises 84% on year to $534 million this week

In the week of October 12 to October 18, startups raised a total of $533.6 million, showing an 84% increase compared to the same period last year. This is over five times more than the previous week's total. Some notable funding rounds include beauty retailer Purplle raising an additional $180 million, executive education startup Eruditus securing $150 million, enterprise tech startup Neuron7.ai raising $44 million, jewellery brand Giva closing a funding round of $30.3 million, and SaaS startup Everstage raising $30 million.

Startup funding falls 70% to $102 million this week

Economic Times

Economic Times · 1y ago

Startup funding falls 70% to $102 million this week

Startup funding dropped by 70% YoY in the second week of 2024, totaling $102.1 million across 26 deals. The early-stage funding accounted for the largest share at $49 million, followed by $35.2 million in late-stage funding. Compared to the previous week, funding increased nearly 3X in value terms and over 3X in volume. Notable funding rounds include $16 million raised by a cosmetic solutions startup, $12 million by an organic dairy startup, $10 million by an alternative investment platform, $7.5 million by a healthcare startup, and $7.2 million by a children-focused snacking and meal brand.

Deals Digest: Momentum rises slightly this week; M&A activity dips

VCCircle

VCCircle · 1y ago

Deals Digest: Momentum rises slightly this week; M&A activity dips

Private equity and venture deal momentum showed a slight increase this week, although none of the deals exceeded $50 million in funding. On the other hand, mergers and acquisitions (M&A) activity experienced a slight decline compared to the previous week. Startups were able to secure approximately $193 million in funding, reflecting a 10% increase.

upGrad’s FY23 loss surges to INR 1,141.5 Cr on goodwill writedown of INR 410 Cr

Inc42 · 1y ago

upGrad’s FY23 loss surges to INR 1,141.5 Cr on goodwill writedown of INR 410 Cr

Indian edtech startup upGrad reported a net loss of INR 1,141.5 crore ($153 million) in fiscal year 2022-23, a 76% increase from the previous year. The company's operating revenue reached INR 1,169.6 crore ($157 million), a 97% YoY increase. However, the bottom line was impacted by a goodwill writedown of INR 410 crore ($55 million) due to unsuccessful acquisitions. upGrad recently entered the unicorn club and has raised over $600 million in funding to date.

Startup funding rises to $511.47 million on Udaan boost

Economic Times

Economic Times · 1y ago

Startup funding rises to $511.47 million on Udaan boost

In the week of December 9-15, 11 startups raised a total of $511.47 million in funding, with Udaan, a B2B e-commerce startup, securing a significant portion. Compared to the same week last year, there was a 20% drop in volume but a 4.8X increase in value. The majority of the funding went to growth and late-stage startups. However, overall funding for Indian startups in 2023 decreased to $7 billion, less than one-third of the previous year's estimate of $25 billion.

Deals Digest: Funding value rises this week on back of two large ticket bets

VCCircle

VCCircle · 1y ago

Deals Digest: Funding value rises this week on back of two large ticket bets

This week, the funding value has increased due to two significant transactions exceeding $100 million in private equity and venture capital sectors. The healthcare and pharmaceutical industries also witnessed large funding and consolidation activities.

Startup funding rises 774% on-year to $608 million this week

Economic Times

Economic Times · 8m ago

Startup funding rises 774% on-year to $608 million this week

Startups raised a total of $607.5 million in funding between November 16 and 22, which is a significant increase of 774% compared to the same period last year. This week, there were 23 funding deals, raising funds from high net-worth individuals, family offices, and financial institutions. Some notable funding rounds include Zepto raising an additional $350 million, Healthkart securing $153 million, Zopper raising $25 million, and OneCell Diagnostics securing $16 million.

Startup funding rises 23% on year to $326 million this week

Economic Times

Economic Times · 1y ago

Startup funding rises 23% on year to $326 million this week

In the first week of June, technology startups secured a total funding of $326.1 million, marking a 22.6% increase compared to the same period last year. The majority of this funding came from a $200-million investment in eyewear retailer Lenskart. Overall, startups raised funds from 16 rounds, mainly in the later stages of development. This marks a significant improvement from last year when funding was scarce due to a funding winter that started in September 2022.

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