Weekly Funding Report For February Third Week

Weekly Funding Report For February Third Week

This week, 21 Indian startups raised backing, of which 20 entered an aggregate of about$ 313 million. InsuranceDekho and PhonePe were the top fundraising startups that dipped up$ 150 million and$ 100 million independently. This is a minor jump from$ 292 million in the last week.   

Meanwhile, the details of one incipiency remained undisclosed.

Growth/late-stage transactions

This week, only two late-stage startups blazoned their new fundraise. The list includes PhonePe’s $ 100 million and Prozo’s $5.4 million round.

Sl no.

Start-up Name

Segment

Amount raised in $Million

  1.  

Phone Pe

Financial Service

100

2.

Prozo

Supply Chain Service

5.4

Early-stage transactions

In the early stage, 19 startups have raised finances, including one undisclosed round. Fintech InsuranceDekho topped the list with a $150 million Series A round. The list also includes Venwiz, Garurada Aerospace, Stable money and Mufin Green Finance.  

Interestingly, funding in the early stage was further than in the growth stage during the last week.

Sl No.

Start-up Name

Segment

Amount raised in $Million

  1.  

InsuranceDekho

Insurance

150

2.

Garurada Aerospace

Aviation and Aerospace Component Manufacturing

22

3.

Venwiz

Technology, Information, and Internet

8.3

4.

Mufin Green Finance

Financial Services

7

5.

Stable money

Financial Services

4.5

Unannounced Transactions

RuKart did not disclose its financial details.   

Deals by city and segment

This week, Bengaluru-based startups dominated the funding chart. According to  data of Fintrackr’s, 10 of the Bengaluru-based startups have raised funds this week amounting to $123.3 million.vDelhi-NCR-based startups raised $159 million across five deals during this week.

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