Weekly Funding Report for September 2nd Week

Oct 17, 2022

This week, 36 Indian businesses secured funding, with 31 receiving a total of almost $246 million. The biggest fundraisers were Yulu and DotPe, who raised $82 million and $55 million, respectively. Last week, 36 domestic entrepreneurs raised $231 million in fundraising.

Growth/late-stage transactions

This week, five growth stage businesses received additional funding, including an $82 million round for EV startup Yulu and a $55 million round for e-commerce enabler DotPe.

Sr. No.	Startup Name	Segment	Amount Raised (In $Mn)	Series	Lead Investor/s	Investors Participated
1	Yulu	Technology	82	Series B	Magna International Inc.	---
2	DotPe	Fintech	55	-----	Temasek	PayU Fintech Investment, Info Edge Ventures, MUFG Bank Ltd, Naya Global Investments
3	Nobel Hygiene	Medtech	Rs 132 crore	-----	Sixth Sense Ventures	-----

Early-stage transactions

31 firms have raised financing in the early stages, including five unreported rounds. Re.ai, an AI firm, topped the list with a $10.6 million Series A financing. 91Squarefeet, a retail store development business, and Awiros, another AI startup, are also on the list.

Sr. No.	Startup Name	Segment	Amount Raised (In $Mn)	Series	Lead Investor/s	Investors Participated
1	Rephrase.ai	Enterprise Tech	11	Series A	Red Ventures	Silver Lake, 8VC
2	91Squarefeet	Enterprise Tech	10	Series A	Stellaris Venture Partners	Y-Combinator, Betatron Venture Group
3	Awiros	Media	7	Series A	Inflexor Ventures, Exfinity Venture Partners	VedaVC, UHNIs

Unannounced transactions

Heath ledger Diagnostics, D'chica, Plutos ONE, Travel Buddy, and TSAW Drones all declined to provide financial information.

Funding for cities and segments

This week, Bengaluru-based companies led in both the number of startup deals and the cash raised. According to Fintrackr data, 14 Bengaluru-based firms raised $121.6 million this week, accounting for 52.67% of total funding. During the week, Delhi-NCR startups raised $60.5 million in 10 transactions.