The fourth week of April showcases recovery in startup investment. A turnaround is there from the low digit from the last week—venture funding of 124 billion dollars from many deals. The revival is there from 18 to 124 million dollars from the last week.
The increase came from the transaction from Xpressbees. It has shown a global interest in the Indian startup ecosystem. Other transactions start from 10 to 15 million dollars.
Growth/Late-Stage Transactions
Expressbees have raised 40 billion dollars in investment. Lokal, a hyperlocal content and classified content, has raised 14.6 million dollars from the Sony Innovation Fund and India Quotient. Niro, a fintech startup, raised an investment of 11 million dollars from Innoven Capital, Rebright partners, GMO venture partners, and so on. These are some of the important investments of this week of April.
You can have a look at the table below for more clear understanding.
|
Sno. |
Startup name |
Segment |
Amount raised in dollars |
|
1. |
Express-bees |
logistics |
40 |
|
2. |
Lokal |
Content classified platform |
14.6 |
|
3. |
Niro |
fintech |
11 |
|
4. |
Rebel Foods |
cloudkitchen |
9.1 |
|
5. |
Herkey |
Career engagement platform |
4 |
With this, the challenges will eradicate soon. There is an effect largely on the late-stage startups that need many investments. Many top technology companies like Microsoft, Amazon, and Meta have shown mixed signals. But most of these companies have increased their revenues instead of broad indicators pointing towards the slowdown prospect.
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