The startup winter continues to defrost. The deals may be down in the past week, but the consistency stays high. A week with BIG deals in Tech and FMCG. With seed funding continuing to climb, the potential seen by investors in India continues to be strong. Congratulations to everyone at ShareChat SigTuple Visit Health Country Delight BlueBinaries Engineering and Solutions Pvt Ltd Punch kindlife.in EtherealX Agrizy and Scimplify. Well done and keep going!
Indian startups cumulatively raised $112.9 Mn via 22 deals, down almost 50% from $222.2 Mn secured through 25 deals in the preceding week 👇 While startups failed to see traction with investors at a broader level, Ola Electric made its public market debut this week. FirstCry and Unicommerce are also set to get listed in the first half of next week. Key Startup Funding Highlights Of The Week: 🔸 Fuelled by this week’s largest funding round of Visit Health, healthtech emerged to dominate sectoral funding trends. Three healthtech startups cumulatively bagged $35.1 Mn in the week. 🔸 Enterprise tech continued to reign as the investor favourite this week, with startups bagging the maximum number of cheques this week. Enterprise tech startups bagged $17.9 Mn via six deals in the week. 🔸 Delhi based venture capital fund Omnivore VC and CRED’s founder Kunal Shah emerged as the most active investors this week, backing two startups each. 🔸 Seed funding continued its upward streak this week, with startup’s at this stage raising $13 Mn, 2.5X from the previous week’s $5.1 Mn. #funding #startups #investment
