Weekly Funding Report For January 3rd Week

Jan 30, 2023

This week, 28 Indian businesses sought funding; 24 of them received a total of nearly $525 million. PhonePe, which collected $350 million at a $12 billion pre-money value, was the most successful fundraising campaign. Last week, 36 area businesses got investments totalling $216 million.

In the meanwhile, the funding origins of the four firms remained undisclosed.

Growth/late-stage transactions

This week saw the beginning of the most recent fundraising initiatives for seven startups and late-stage businesses. The list also includes other businesses, including Mad Street Den, Blue Tokai Coffee Roasters, Isprava Group, Log9 Materials, and PhonePe's $350 million fundraising round.

Sl no.	Startup name	Segment	Amount raised in $Mn
1	PhonePe	Payment App	350
2	Mad Street Den	IT	25
3	Blue Tokai	Coffee	30
4	Isprava Group	Real Estate	15
5	Log9 Materials	NanoTech	20
6	Breathe Well-Being	Health Care	15

Early-stage transactions

21 startups have raised money in the early stages, including four secret rounds. Beconstac, a SaaS firm, succeeded with a $25 million Series A financing. The list also includes a health technology company named Gullak and NeoGrowth, Chara, and Mumbai Oncocare Centre.

Sl no.	Startup name	Segment	Amount raised in $Mn
1	Beconstac	IT	25
2	Locad	Logistics Service	12
3	Mumbai Oncocare Centre	Health care	10
4	NeoGrowth	Finance	10
5	Chara	IT Hardware	5
6	Gullak	Crowdfunding	3

Unannounced transactions

Financial information was withheld by Str8bat, SheerDrive, CrepDog Crew, and ATICX in its entirety.

Deals by city and segment

The startups with the most investment this week are all from Bengaluru. Fintrackr data shows that 12 firms in Bengaluru raised $435 million this week. Six transactions totalling $39 million were made throughout the course of the week in the Delhi-NCR region.