Weekly Funding Report For February 1st Week
This week, 13 Indian startups raised backing of which 11 entered an aggregate of about$ 87 million. Enzene Bioscience was the top fundraising company that dipped up$ 50 million. This is a sharp decline from$ 120 million in the last week and$ 525 million in the former week.
Meanwhile, the sale details of the two startups remained undisclosed.
Growth/ Last-stage transactions
This week, only Enzene Bioscience stated$ 50 million in a new round in the growth stage deals.
|
Sl no. |
Start-up name |
Segment |
Amount raised in $Mn |
|
|
Enzene Bioscience |
Biotechnology |
50 |
Early-stage transactions
In the early stage, 12 startups have raised finances including two undisclosed rounds. SaaS incipiency Freightify was on top of the list with a$ 12 million Series A round. The list also includes profit.co, CapGrid, The Esports Club, and Nourish You among others.
|
Sl no. |
Start-up name |
Segment |
Amount raised in $Mn |
|
1 |
Freightify |
Freight tech |
12 |
| 2 |
Profit.co |
OKR software |
11 |
|
3 |
Capgrid |
Source-to-deliver |
7 |
|
4 |
The Esports Club |
Competitive gaming |
3 |
|
5 |
Nourish You |
Food and Agricultural tech |
2 |
Unannounced Transactions
Moat School and Abhinav Maths didn't expose their fiscal details.
Deals by city and segment
This week, Bengaluru- grounded startups dominated the backing map. According to Fintrackr’s data, six Bengaluru- grounded startups have raised finances this week amounting to$ 17 million. During the week, Delhi- NCR- grounded startups raised$ 7 million across two deals.
