Over $447 mn in funding raised by 22 Indian startups last week
This included nine growth-stage deals and 11 early-stage deals, a media report said. “Two startups kept their transaction details undisclosed,” the report mentioned.
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NEW DELHI: The Indian startups continued to raise funds at a normal pace, and last week, 22 startups secured over $447 million in the country.
This included nine growth-stage deals and 11 early-stage deals, a media report said. “Two startups kept their transaction details undisclosed,” the report mentioned.
About 30 startups had raised around $287 million, which included 20 early-stage and six growth-stage companies in the week of March 11-16.
Bengaluru-based startups led the funding with 14 deals, followed by Delhi-NCR with three deals.
Among the growth-stage deals, nine startups raised $420.35 million in funding last week.
Healthtech firm Engrail secured the highest funding at $157 million. Following closely behind were the audio series platform Pocket FM, healthtech startup Ultrahuman, and content-to-commerce company The Good Glamm Group, which received $103 million, $35 million, and $30 million in funding, respectively.
Additionally, Atlan, a data collaboration software provider, Curefood, a cloud kitchen startup, Jumbotail, a B2B marketplace and retail platform, Dvara KGFS, an NBFC operating in remote rural areas, and SubKo Coffee, a coffee brand, also successfully raised funds last week. Moreover, 11 early-stage startups collectively secured $27 million in funding.
Optimo Loan, an MSME-focused lending-tech startup, led the pack, followed by gaming startup Liquidnitro, boutique hotels firm Brij Hotels, and climate tech platform Sprih.