Weekly Funding Report For January 4th Week

Feb 2, 2023

This week, 16 Indian companies received financing, with 13 receiving around $120 million. The most successful fundraising was Log9 Materials, which raised $40 million. This represents a significant decline from the previous week's total of $525 million.

Meanwhile, the specifics of the three firms remained unknown.

Growth/late-stage transactions

This week, just two growth and late-stage companies disclosed new investments. Log9 Materials' $40 million Series C round and Ecozen's $25 million Series C round are on the list.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Log9 Materials	NanoTech	40
2	Ecozen	Energy Equipment	25

Early-stage transactions

14 firms have raised financing in the early stages, including three unreported rounds. Fuel delivery firm FuelBuddy topped the list, having raised $20 million in a Series A round. Among those on the list are creators, monetization, startups, Rigi, Landeed, GENLEAP, and Myelin Foundry.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Fuel Buddy	Delivery Service	20
2	Rigi	Creator Community	13
3	Landeed	Real Estate	8
4	Genleap	Career Guidance	4
5	WhizHack	IT	4
6	Myelin Foundry	AI	4

Unannounced Transactions

Falca, Disprz, and Bowled.io did not disclose any transactions.

Deals by city and segment

This week, companies located in Bengaluru led the financing list. According to Fintrackr statistics, ten Bengaluru-based firms collected $59.4 million in funding this week. During the week, four Delhi-NCR firms raised $23.3 million in four separate transactions.