Weekly Funding Wrap: Capital Inflow Continues to Decline; Lohum leads the pack
This week saw three acquisitions and no tech IPOs – Optum by TPG, Berrylush by Snitch, and Evolve.
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Between July 24 and July 30, the total capital infusion in the Indian startup ecosystem continued to register a sharp decline after two weeks of high, according to the latest Tracxn data.
Total capital inflow stood at USD 43.4 million, nearly 70 percent down from the previous work, and over 87 percent down from the week before.
Lohum was the only startup in the week to raise a double digit million dollar funding in the week. It raised USD 24.5 million. Fixxly and Omega Seiki Mobility raised USD 5.5 million and USD 5.2 million, respectively.
This week saw three acquisitions and no tech IPOs – Optum by TPG, Berrylush by Snitch, and Evolve.
Info Edge Ventures, Transition VC, and Fireside Ventures were the most active investors in the week.
Late-stage startups accounted for more than half of the capital inflow while seed-stage and early-stage startups had nearly equal funding in the week.
*Equity rounds and tech companies have been considered for the roundup.
*Data source: Tracxn
Between July 24 and July 30, the total capital infusion in the Indian startup ecosystem continued to register a sharp decline after two weeks of high, according to the latest Tracxn data.
Total capital inflow stood at USD 43.4 million, nearly 70 percent down from the previous work, and over 87 percent down from the week before.
Lohum was the only startup in the week to raise a double digit million dollar funding in the week. It raised USD 24.5 million. Fixxly and Omega Seiki Mobility raised USD 5.5 million and USD 5.2 million, respectively.
This week saw three acquisitions and no tech IPOs – Optum by TPG, Berrylush by Snitch, and Evolve.
Info Edge Ventures, Transition VC, and Fireside Ventures were the most active investors in the week.
Late-stage startups accounted for more than half of the capital inflow while seed-stage and early-stage startups had nearly equal funding in the week.
*Equity rounds and tech companies have been considered for the roundup.
*Data source: Tracxn
