22 Indian startups raised over $447 million last week, as they continued to raise capital at a regular rate.
According to Entrackr, there were nine growth-stage deals and eleven early-stage deals in this.
The report stated that “two startups kept their transaction details undisclosed.”
In the week of March 11–16, about 30 startups—20 in the early stages and 6 in the growth stages—raised about $287 million.
With 14 deals, Bengaluru-based startups received the most funding, followed by Delhi-NCR with three deals.
Nine startups raised $420.35 million in funding last week among the growth-stage deals.
With $157 million in funding, the healthtech company Engrail obtained the most. The healthtech startup Ultrahuman, the content-to-commerce company The Good Glamm Group, and the audio series platform Pocket FM were the next most funded companies, with $103 million, $35 million, and $30 million in funding, respectively.
Furthermore, last week saw the successful fundraising of Atlan, a provider of data collaboration software, Curefood, a cloud kitchen startup, Jumbotail, a B2B marketplace and retail platform, Dvara KGFS, an NBFC that operates in remote rural areas, and SubKo Coffee, a coffee brand.
In addition, eleven early-stage companies raised a total of $27 million in capital.
First place went to the MSME-focused lending-tech startup Optimo Loan. Other contenders included the boutique hotel company Brij Hotels, the gaming startup Liquidnitro, and the climate tech platform Sprih.