Things are looking up slightly this week, with an increase in venture capital funding at $128 million across 18 deals, compared to $85 million last week. Though, venture capital funding is still in the range of $100 to $150 million. Things are looking up in the sector of food tech because Swiggy and Zomato have posted upbeat numbers.
Growth/Late-Stage Funding
The funding was spread across 18 deals, with three deals standing out. These deals included Agilitas Sports, raising around $52 million, Nodwig Gaming raising $28 million, and Rooter raising $16 million. This table contains more data.
|
S. No. |
Startup Name |
Segment |
Million Dollars Raised in USD |
|
1. |
Agilitas Sports |
Sports and Athleisure Wear |
51.9 |
|
2. |
Nordwig Gaming |
Gaming SaaS |
28 |
|
3. |
Rooter |
Gaming Software Streaming |
16 |
|
4. |
XYXX |
Lifestyle |
13.5 |
|
5. |
Agraga |
Digital Logistics |
8.4 |
|
6. |
StepChange |
Sustainability |
4 |
Early-stage Funding
Though three of them are undisclosed, fourteen of the deals closed this week were by early startups. Argraga and StepChange were among them, along with Locofy and Pyor.
City-wise Deals
Out of all the cities in India, Bengaluru saw the most deals. 8 startups from Bengaluru secured about $70 million. Meanwhile, Delhi NCR and Mumbai startups had five deals and two deals respectively.
Though things are looking up slightly, there needs to be a greater increase in venture capital funding for economic growth. This week, the startup Happay laid off 30% of its employees.
