Bangalore: Where Indian startups companies in different verticals were able to raise only $26.7 million in January 2012, they succeeded in raising over $242.73 million in various round of funding in February. This shows the recession has not yet hit the Indian startup ecosystem and we might see more of funds funneling in these companies in the coming months.

Where on the one hand, the highest amount of funding for the month of February was raised by an e-commerce company Flipkart, i.e., $150 million, from Accel Partners and Tiger Global Management in the fourth round of funding; the lowest was raised by Bodhicrew. Founded by Vivek Kumar Kaushik and Manab Chakraborty, Bodhicrew raised around $0.06 million in seed round of funding led by Unitus Seed Fund.

Ujjivan Financial Services, a microfinance company, raised around $25.5 million from various investors; Rajeev Pathak founded eDreams, a disruptive technology product startup, raised around $1.01 million from Mumbai Angels. CarveNiche, an education technology startup, raised $0.2 million in Angel round of funding led by Mumbai Angels. Umesh Malhotra led Hippocampus, a book council, raised $1.5 million from Unitus Seed Fund.

Two other e-commerce companies, Myntra.com and Brainbees raised $20 million and $14 respectively. Myntra raised the fund from Tiger Global Partners whereas IDG Ventures and SAIF Partners were the investors in Brainbees. Manthan Systems, a provider of Business Intelligence, raised $15 million from Norwest Venture Partners; Qyuki, founded by A R Rehman and Sekhar Kapur, raised $5.46 million from Cisco; Global Outlook, a Microsoft exchange and business communication service provider, raised $2 million from Naya Ventures. The education provider Edusys led by Tridibesh Satpathy raised $7.5 million in series A round of funding led by Sequoia Capital. Another specialty retail store, Youshine, raised $0.5 million from private investors.