Weekly Funding Report For December Second Week

Dec 19, 2022

27 Indian businesses received funding this week, with 23 of them receiving a total of over $253 million. The two highest fundraisers, HealthKart and RENEE Cosmetics, each earned $135 million and $25 million. 26 domestic businesses raised roughly $233.2 million in the capital last week.

The financial sources for four businesses were concealed in the interim.

Growth/late-stage transactions

Six growth-stage businesses raised money this week. On the list are companies like HealthKart, RENEE Cosmetics, CropIn, Virohan, and Intello Labs which earned a $135 million investment round.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Healthkart	Health	135
2	RENEE cosmetics	Beauty products	28
3	Cropin	Farm Management	15
4	Virohan	Paramedics	10

Early-stage transactions

21 startups have raised money, including four rounds that were kept confidential. Uolo, a prosperous edtech business, was given $22.5 million in Series A funding. The list also includes the businesses Accacia, Virgio, Vidyut, Yellow Metal, and Uniqus, a consulting firm.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Uolo	E-Learning	23
2	Uniqus	Consultech	13
3	Virgio	Fashion	10
4	Vidyut	Industry	8
5	Yellow metal	Gold Loan	6

Unannounced transactions

Financial information was suppressed by GoPllay, Mild Cares, BonV Aero, and Nanoclean Global.

Deals by city and segment

In the Delhi-NCR region this week, startup agreements dominated both in terms of number and value. According to Fintrackr data, 15 companies in Bengaluru raised $184 million this week, or 72.74% of the total funding. Over the course of the week, startups in Bengaluru raised $29.46 million through 8 agreements.