Indian startups cumulatively raised $112.9 Mn via 22 deals, down almost 50% from last week’s $222.2 Mn secured through 25 deals

While Ola Electric made its public market debut this week, FirstCry and Unicommerce are set to get listed in the first half of the coming week

Omnivore VC and CRED’s founder Kunal Shah emerged as the most active investors this week, backing two startups each

Amid mounting global geopolitical tensions, funding momentum in the Indian startup ecosystem took a significant hit. Between August 5 and 10, startups cumulatively raised $112.9 Mn via 22 deals, down almost 50% from $222.2 Mn secured through 25 deals in the preceding week.

While startups failed to see traction with investors at a broader level, Ola Electric made its public market debut this week. Besides, FirstCry and Unicommerce are also set to get listed in the first half of next week. 

Funding Galore: Indian Startup Funding Of The Week [Aug 5 – Aug 10]

Key Startup Funding Highlights Of The Week

• Fuelled by this week’s largest funding round of Visit Health, healthtech emerged to dominate sectoral funding trends. Three healthtech startups cumulatively bagged $35.1 Mn in the week.
• Enterprise tech continued to reign as the investor favourite this week, with startups bagging the maximum number of cheques this week. Enterprise tech startups bagged $17.9 Mn via six deals in the week.
• Delhi based venture capital fund Omnivore VC and CRED’s founder Kunal Shah emerged as the most active investors this week, backing two startups each.
• Seed funding continued its upward streak this week, with startup’s at this stage raising $13 Mn, 2.5X from the previous week’s $5.1 Mn.

Other Developments Of The Week

• Instawork bought Bengaluru-based hiring platform Able Jobs for an undisclosed deal to scale up its global job market with new tools and offerings
• India Inflection Opportunity Fund manager Pantomath Capital Management launched its second AIF, Bharat Value Fund (BVF), this week. It will invest in companies with an intent to make an exit via an initial public offering within three years with an average ticket size of INR 75 Cr.
• VC firm Sauc.vc marked the final close of its third fund at INR 365 Cr (nearly $43.6 Mn). 95% of its capital was raised from domestic investors, and include top consumer focused family offices, fund of funds, corporates and HNIs.
• Continuing with its expansion spree, listed gaming major Nazara has got the letter of intent to acquire bankrupt Smaaash Entertainment this week, and will also be acquiring UK-based IP gaming studio Fusebox Games for INR 228 Cr ($27.2 Mn) in an all-cash deal.
• SoftBank said that it was sitting on a gross gain of $285 Mn from its investment (via Vision Fund I) in listed logistics unicorn Delhivery at the end of June 2024.
• Dalmia Group Holdings’ chairman Gaurav Dalmia has joined Fashion Entrepreneur Fund as investor and promoter.

Indian startups cumulatively raised $112.9 Mn via 22 deals, down almost 50% from last week’s $222.2 Mn secured through 25 deals

While Ola Electric made its public market debut this week, FirstCry and Unicommerce are set to get listed in the first half of the coming week

Omnivore VC and CRED’s founder Kunal Shah emerged as the most active investors this week, backing two startups each

Amid mounting global geopolitical tensions, funding momentum in the Indian startup ecosystem took a significant hit. Between August 5 and 10, startups cumulatively raised $112.9 Mn via 22 deals, down almost 50% from $222.2 Mn secured through 25 deals in the preceding week.

While startups failed to see traction with investors at a broader level, Ola Electric made its public market debut this week. Besides, FirstCry and Unicommerce are also set to get listed in the first half of next week. 

Funding Galore: Indian Startup Funding Of The Week [Aug 5 – Aug 10]

Key Startup Funding Highlights Of The Week

• Fuelled by this week’s largest funding round of Visit Health, healthtech emerged to dominate sectoral funding trends. Three healthtech startups cumulatively bagged $35.1 Mn in the week.
• Enterprise tech continued to reign as the investor favourite this week, with startups bagging the maximum number of cheques this week. Enterprise tech startups bagged $17.9 Mn via six deals in the week.
• Delhi based venture capital fund Omnivore VC and CRED’s founder Kunal Shah emerged as the most active investors this week, backing two startups each.
• Seed funding continued its upward streak this week, with startup’s at this stage raising $13 Mn, 2.5X from the previous week’s $5.1 Mn.

Other Developments Of The Week

• Instawork bought Bengaluru-based hiring platform Able Jobs for an undisclosed deal to scale up its global job market with new tools and offerings
• India Inflection Opportunity Fund manager Pantomath Capital Management launched its second AIF, Bharat Value Fund (BVF), this week. It will invest in companies with an intent to make an exit via an initial public offering within three years with an average ticket size of INR 75 Cr.
• VC firm Sauc.vc marked the final close of its third fund at INR 365 Cr (nearly $43.6 Mn). 95% of its capital was raised from domestic investors, and include top consumer focused family offices, fund of funds, corporates and HNIs.
• Continuing with its expansion spree, listed gaming major Nazara has got the letter of intent to acquire bankrupt Smaaash Entertainment this week, and will also be acquiring UK-based IP gaming studio Fusebox Games for INR 228 Cr ($27.2 Mn) in an all-cash deal.
• SoftBank said that it was sitting on a gross gain of $285 Mn from its investment (via Vision Fund I) in listed logistics unicorn Delhivery at the end of June 2024.
• Dalmia Group Holdings’ chairman Gaurav Dalmia has joined Fashion Entrepreneur Fund as investor and promoter.