Weekly Funding Report For February 2nd Week

Weekly Funding Report For February 2nd Week

This week, 30 Indian startups raised backing of which 26 entered an aggregate of about$ 292 million. Acceldata and Ushur (grounded out of the US and India) were the top fundraising startups and dipped up$ 50 million each. This is a sharp jump from$ 87 million in the last week.   

Meanwhile, the backing details of six startups remained undisclosed.

Growth/late-stage transactions

This week, nine growth and late-stage startups including one undisclosed round) blazoned their new fundraising. The list includes Acceldata’s and Ushur’s $ 50 million rounds, Mensa Brands, Bike Bazaar, and Entropik.

Sl no.

Start-up name

Segment

Amount raised in $Million

  1.  

Acceldata

Data Economy

50

2. 

Ushur

Customer experience automation

50

3. 

Mensa Brands

Direct-to-consumer

36.3

4. 

Bike Bazaar

Two-wheeler 

10

5. 

Entropik

Artificial Intelligence

25

Early-stage transactions

In the early- stage, 21 startups have raised finances carrying five undisclosed rounds. EV incipiency Turno was on top of the list with a$13.8 million Series A round. The list correspondingly includes Rezolve.ai, FireCompass, Hatica, Cusmat, and Bluelearn among others.

Sl no.

Start-up name

Segment

Amount raised in $Million

  1.  

Turno 

Electric Vehicle

13.8

2. 

Rezolve.ai

Artificial Intelligence

11

3. 

FireCompass

Computer and Network Security

7

4. 

Hatica

Software Development

3.7

5. 

Cusmat

Software Development

3.5

6. 

Bluelearn

Education Community

3.5

Unannounced Transactions

Eume, SatSure, Chingari, Recode Studios, Avenue Growth, and Winston 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, 14 Bengaluru- grounded startups have raised finances this week amounting to $212 million. During the week, Pune- grounded startups raised $35 million across three deals.

- Share this post on -

Especia in news