Weekly Funding Report For March Third Week

Weekly Funding Report For March Third Week

This week, 23 Indian businesses raised $857 million in fundraising. The top fundraising startups, Lenskart and PhonePe, received $500 million and $200 million, respectively. The amount of money invested in Indian businesses last week was $171 million.

Three of the firms that received cash overall remained secretive about their sources of funding.

Growth/late-stage transactions

Six late-stage and growing firms raised money this week. In a $500 million round, Lenskart took the lead, followed by a $200 million round from PhonePe and a $22 million Series C round from HealthPlix.

Sl no. 

Startup Name

Segment

Amount raised in $Million

 1. 

Lenskart

Software Development

500

 2. 

PhonePe

Financial Services

200

 3. 

HealthPlix

Healthcare Digitization

22

Early-stage transactions

Up to 17 early-stage firms have raised money, including three rounds that were kept secret. Atlys, a firm offering online visas, came out on top with its $12 million Series A financing. T.A.C, One Impression, Gynoveda, and BuyStars are among the other companies on the list.

Sl no.

Startup Name

Segment

Amount raised in $Million

1. 

Atlys

Software Development

12

2. 

T.A.C

Retail

3

3. 

One Impression

Advertising Services

10

4. 

Gynoveda

Wellness and Fitness Services

10

5. 

BuyStars

Software Development

5

Deals by city and segment

Startups from Bengaluru led the financing list this week. Fintrackr data shows that 11 firms in Bengaluru raised $276.5 million this week, or 34.25% of the total capital. During the week, three deals totalling $502.4 million were completed by entrepreneurs based in Delhi-NCR.

Acquisitions

The week included funding as well as one purchase, with Acko purchasing health-tech startup ParentLane.

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