Tracxn

The Indian startup ecosystem saw no let-up in the funding winter this week, with $108 million being pumped in across 12 rounds, according to data from market intelligence firm Tracxn. The week, however, recorded the largest fundraise for an India-based AI startup with a $41 million investment in Sarvam AI. ETtechInvestment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59…

A few shareholders of Mojocare are considering legal action against the healthcare and wellness startup’s founders, people aware of the discussions said Monday, a day after an investor group said a review of the company’s accounts revealed financial irregularities.Venture capital firms as well as angel investors are also discussing winding down Mojocare’s operations and distributing the remaining capital among themselves, even as a forensic audit of the Bengaluru-based company is underway, they said.Facebook cofounder…

Funding in the Indian startups showed no signs of recovery in April, as the new financial year kicked off. Companies raised $590 million across 83 rounds, down 90% compared to $5.69 billion that they mopped up across 300 rounds, last year in April, according to data from research firm Tracxn. Sequentially, the funds raised by Indian startups dropped 67%, compared to $1.77 billion raised across 136 rounds in March. ETtech Walmart-owned fintech major PhonePe’s $100 million raise from New York-based private equity firm…

Investment activity in the Indian startup ecosystem remained subdued this past week, with $206 million being poured in, across 20 rounds, according to data provided by market intelligence firm Tracxn.ETtechFunding this week dipped 86% from the same one-week period last year, when startups had raised $1.5 billion across 66 rounds. And compared to last week’s $1.26 billion worth of investments in startups across 18 rounds, funding activity plummeted by 84% this week. ETtechA significant portion of the total funding came…

The Indian startup ecosystem saw a jump in funding for the period between March 11 and March 17, 2023, compared to last year at the same time, largely due to late-stage investments in omni-channel eyewear company Lenskart and Walmart-owned fintech PhonePe.Total of $782 million was poured into Indian startups in this week across 25 rounds, a 34% jump compared to the same period last year when startups raised $582 across 66 rounds, according to data provided by market intelligence firm Tracxn.ETtechThe bump up in funding…

Indian startups that are "well-governed" and have good business models will continue to attract investments despite the drying up of venture capital funding, India's G20 Sherpa and former NITI Aayog chief executive Amitabh Kant said on Saturday. "When you talk about the winter of money not flowing in, let me just say that 2021 was an exceptional year...I still feel that Indian startups...those which are well governed, and have good business models, will get a lot of money," Kant said at the TiEcon Delhi 2023 startup…

Indian startups received $140 million in funding over the week across 20 rounds, 90% lower compared to the same period last year when $1.43 billion came in as across various companies, according to data from market intelligence firm Tracxn. ETtechCompared to last week, startups saw a dip of 69% in funding, from $450 million raised across 26 rounds.Supply-chain financing platform Mintifi bagged the biggest share of the funding this week by picking up $110 million in a late-stage funding round led by Premji Invest. This…

As the Indian startups ecosystem goes through a churning as VCs squeeze funds, certain industries such as quick service restaurants (QSR), direct-to-consumer (D2C) and electric vehicle market and infrastructure still hold promise this year, especially for early-stage platforms.Startups created in 2023 are going to be more cash-conservative attitude and hence will be revenue and growth-focused.Due to layoffs at some large corporations, well-funded startups now have access to a new pool of brilliant people, according to…

The Indian startup ecosystem, which is in the midst of a funding winter, saw an uptick in investments this week, with a total of $565 million raised in 20 rounds, according to data provided by market intelligence platform Tracxn.Walmart-owned payment platform PhonePe, which raised $350 million in funding from General Atlantic, accounted for the lion's share of this. The $350 million it raised comprises the first tranche of an up to $1 billion investment that started this month. Other global and Indian investors are also…

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession the world went through in 2008-2009 that began with Lehman Brothers collapse. In 2008, tech companies laid off about 65,000 employees, and a similar number of workers lost their livelihoods in 2009, according to data by global outplacement and career transitioning firm Challenger, Gray & Christmas. By comparison, over 1,000 tech companies laid off more than…