The top three most active investors during the week were Elev8 Venture Partners, Alpha Wave and Panthera Growth Partners.
ETtech
Early-stage funding – at $69.5 million – accounted for about 57% of the overall deal value this week, followed by the late stage at $47 million, or 38.8%.
Sequentially, funding was down 46% from the previous week when startups raised $226 million across 12 rounds.
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ETtech
Top deals this week:IDfy:Mumbai-based identity verification and digital onboarding platform Idfy has raised $27 million (about Rs 224 crore), in a mix of primary and secondary funding, from Elev8 Venture Partners along with its limited partners and affiliates.
Hunch:Social media startup Hunch has raised $23 million in a funding round led by US-based Alpha Wave and South Korea-based Hashed Emergent.
Rozana: Rural commerce startup Rozana has raised $22.5 million (about Rs 186.5 crore) in funding led by Bertelsmann India Investments, along with participation from Fireside Ventures and its existing investors.
ETtech
Zetwerk: Contract manufacturing startup Zetwerk has raised $20 million (about Rs 166 crore) in fresh investments from venture debt and private equity firm Wheelhouse Venture Capital. Rakesh Gangwal, the cofounder of Indigo Airlines, made the investment through the venture firm, Zetwerk said.
Foxtale: Direct-to-consumer (D2C) skincare firm Foxtale Consumer has raised about $14 million (Rs 120 crore) in fresh equity funding led by Singapore-based Panthera Growth Partners.
Funding for startups in the first week of March fell 17.6% from the same period a year ago, totalling $121.2 million across 18 different deals.
Companies in seed, early and late stages had raised about $147 million from 33 rounds during March 2 to March 8, 2023, as per data from Tracxn.
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The top three most active investors during the week were Elev8 Venture Partners, Alpha Wave and Panthera Growth Partners.
ETtech
Early-stage funding – at $69.5 million – accounted for about 57% of the overall deal value this week, followed by the late stage at $47 million, or 38.8%.
Sequentially, funding was down 46% from the previous week when startups raised $226 million across 12 rounds.
Discover the stories of your interest
ETtech
Top deals this week:IDfy:Mumbai-based identity verification and digital onboarding platform Idfy has raised $27 million (about Rs 224 crore), in a mix of primary and secondary funding, from Elev8 Venture Partners along with its limited partners and affiliates.
Hunch:Social media startup Hunch has raised $23 million in a funding round led by US-based Alpha Wave and South Korea-based Hashed Emergent.
Rozana: Rural commerce startup Rozana has raised $22.5 million (about Rs 186.5 crore) in funding led by Bertelsmann India Investments, along with participation from Fireside Ventures and its existing investors.
ETtech
Zetwerk: Contract manufacturing startup Zetwerk has raised $20 million (about Rs 166 crore) in fresh investments from venture debt and private equity firm Wheelhouse Venture Capital. Rakesh Gangwal, the cofounder of Indigo Airlines, made the investment through the venture firm, Zetwerk said.
Foxtale: Direct-to-consumer (D2C) skincare firm Foxtale Consumer has raised about $14 million (Rs 120 crore) in fresh equity funding led by Singapore-based Panthera Growth Partners.
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ETtech