22 Indian startups collectively Raises more than $447 million
Indian Startup industry going through a positive fundraising atmosphere, and is expanding at a normal pace. During last week, 22 startups secured over $447 million in the country. These funding includes nine growth-stage deals and 11 early-stage deals.
The funding Report of Entracker revealed, "Two startups kept their transaction details undisclosed." The report also mentioned that, 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 rounds with 14 deals, followed by Delhi-NCR with three deals.
Among the growth-stage deals,9 startups has raised $420.35 million in a funding round last week. Among the successful funings, few notable are 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.
Furthermore, 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.
In addition to this, 11 early-stage startups collectively secured $27 million in funding. An MSME-focused lending-tech startup, Optimo Loan is leading the round, followed by gaming startup Liquidnitro, boutique hotels firm Brij Hotels, and climate tech platform Sprih.
In terms of the city-wise number of funding deals, Bengaluru-based startups led with 14 deals followed by Delhi-NCR with 3 deals. Mumbai, Hyderabad, Kolkata, and Ahmedabad are next on the list.
