The first week of June brought cause for celebration with venture capital funding being over $500 million, precisely $504 million across 12 deals. A tech startup CleanMax is responsible for the increment in venture capital funding. This week’s funding was a surprise since last week’s amount raised was $231 million, though the increase was due to a single transaction.
Growth/Late-stage Deals
Most of the funding raised this week is attributed to a transaction for CleanMax, but other startups have been able to raise funding as well. This includes startups like Atomberg, Capillary Technologies, and Pixxel. Refer to this table for a more comprehensive understanding of this week's funds.
|
S. No. |
Name of Startup |
Segment |
Million Dollars Raised in USD |
|
1. |
CleanMax |
Renewable Energy |
360 |
|
2. |
Atomberg Technology |
Consumer Appliances |
86 |
|
3. |
Pixxel |
Space |
36 |
|
4. |
Transak |
Fintech |
20 |
|
5. |
Newtrace |
Climate Technology |
5.65 |
|
6. |
KarmaLife |
Credit Solutions |
5.35 |
Early-stage Deals
The early-stage deals comprised deals for several startups, around eleven deals took place, mainly Transak, and KarmaLife. Other startups also saw deals, including Newtrace, LaundryMate, and Balwaan Krishi.
City-wise Deals
As usual, Bengaluru dominated the field of venture capital funding by housing 6 deals this week. Other competitors include Delhi-NCR and Mumbai, who saw 3 deals each, and Jaipur and Chennai, who saw 1 deal each.
There were two acquisitions this week, namely Aurum Proptech acquiring NestAway and Scaler acquiring Pepcoding.
