Weekly Funding Report For January First Week

Jan 12, 2023

16 Indian businesses received funding this week, with 15 of them receiving a total of about $273 million. KreditBee raised $120 million in the Series D round, making it the most successful campaign. 14 area businesses received investments totalling $192 million last week.

Information about one firm was kept unannounced.

Growth/late-stage transactions

Six growth-stage or late-stage firms raised money this week. Among the listed businesses is Jupiter, InsuranceDekho, SarvaGram, SirionLabs, and KreditBee's $120 million round. During its first outside fundraising effort, InsuranceDekho may raise more money.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Kreditbee	Finance	120
2	Insurance Dekho	Insurance	38
3	SarvaGram	FinCare	38
4	Sirion labs	IT	35
5	Darwin box	IT	15

Early-stage transactions

Ten startups have raised money, including one round that was kept secret, in their early stages. Young e-commerce company VilCart, which received $13 million Series A funding, came in the first place. The list also includes the financial firms Varthana, ElectricPe, STAGE, and Vitraya, in addition to other businesses.

Sl no.	Start-up name	Segment	Amount raised in $Mn
1	Vilcart	Ecommerce	13
2	Varthana	Finance	07
3	Electric Pee	EV Stations	05
4	Stage	Social media	05
5	Vitraya	IT Tech	05
6	Fello	Fintech app	05

Unannounced transactions

Plus, suppressed details regarding its finances.

Deals by city and segment

Bengaluru-based startups dominated the group in terms of transactions this week. Fintrackr figures show that 10 companies in Bengaluru have raised $159.2 million this week, or 62.95% of the overall fundraising. Through three transactions over the course of the week, startups in Mumbai raised $47.4 million.