Weekly Funding Report for December Fourth Week

Jan 3, 2023

This week, 12 Indian businesses got a total of around $192 million in capital from 14 different sources. The most successful fundraiser, Money View, raised $75 million. 25 domestic businesses secured finance last week, totalling around $481.1 million.

Two startups' funding sources were kept secret temporarily.

Growth/late-stage transactions

Six growth-stage or late-stage firms raised money this week. Money View's $75 million round is on the list, along with other companies, including WeWork, Eduvanz, The Whole Truth, and Ecozen.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Money view	Finance	70
2	wework	Property	65
3	Eduvanz	Student loan	18
4	The whole truth	Edu tech	17
5	Ecozen	FMCG	15

Early-stage transactions

Eight firms have raised money in the early stages, including two kept secret rounds. Bolo Live, a social media firm, came out on top with a $5.6 million Series A financing. The list also includes companies like Medify, Hair Originals, SaveIN, and finance company Jupiter.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Bolo live	Social media	5.5
2	Hair originals	Hair extensions	1.8
3	Save IN	Finance	1.5
4	Medify	Health care	1.5
5	Gear head	Rental	1.3

Unannounced transactions

Both Perpetuity and BioVeda withheld financial information.

Deals by city and segment

Mumbai-based startups led the pack in terms of transactions this week. Fintrackr data shows that five firms in Mumbai raised $34.2 million this week, or 17.84% of the total capital. Startups in Bengaluru raised $140.2 million over the course of the week through 4 transactions.