Weekly Funding Report For December Third Week

Weekly Funding Report For December Third Week

This week, 25 Indian companies received finance, 21 of which received a total of around $481.1 million. BigBasket and Tredence, the two largest fundraisers, raised $200 million and $175 million, respectively. Last week, investments totalling $208 million were made in 27 local firms.

During this period, the contents of the agreements among the five firms remained undeclared.

Growth/late-stage transactions

This past week, five growth-stage or late-stage startups disclosed their investment. Other businesses on the list besides BigBasket's $200 million financing round are Tredence, BetterPlace, CollegeDekho, and Eggoz.

Sl no.

Start-up name

Segment

Amount raised in $Mn

1

Bigbasket

Supply chain

200

2

Tredence

Data Analytics

175

3

Better place

IT

45

4

College Dekho

Edu tech

10

5

Eggoz

FMCG

12

Early-stage transactions

Five of the twenty enterprises that obtained capital during their early stages did it covertly. Aquaconnect, a company that specialises in aquatech, gained due to a $15 million Series A funding. BatterySmart, The Ayurveda Experience, TurningMinds, Beco, and Immensita are among the additional companies on the list.

Sl no.

Start-up name

Segment

Amount raised in $Mn

1

Aquaconnect

Big Data

15

2

Batterysmart

EV station

9

3

The Ayurveda Experience

Skin care

6

4

Turning minds

AI

4

5

Becco

Restaurant

3

6

Immensitas

marketing

3

Unannounced transactions

BizeeBuy, What's Up, Octonam Tech, iRasus, and Codebuddy all kept their financial details a secret.

Deals by city and segment

Bengaluru-based startups led the group in transactions this past week. According to Fintrackr statistics, 10 companies in Bengaluru raised $424 million this week, or 88% of the total amount raised. For startups in Delhi-NCR, nine agreements totalling $36.3 million were made in a single week.

Entrepreneurs raised $20 million in four deals, with the majority of the sales being in the D2C brand sector. The startups in edtech, EV, e-groceries, AI, and HRtech were added after that.

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