ETtech Deals Digest: Startups raise $398.4 million in week ending January 10, up threefold on-year

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Startups raised around $398.4 million between January 4 and 10, reflecting an almost threefold increase compared to the same period last year.

This week, startups across seed, early, and late stages raised funds through 19 deals, down from 36 during the same period last year, when the total funding amounted to $138 million, according to data from the intelligence platform Tracxn.

Top deals of the week:

Innovaccer: Healthcare-focused software-as-a-service (SaaS) firm Innovaccer Inc closed a $275 million funding round, comprising both primary and secondary components, with participation from investors including B Capital Group, Kaiser Permanente and M12. Banner Health, Danaher Ventures LLC and Generation Investment Management also participated in the round.

Botanic Healthcare: Hyderabad-based nutraceutical maker Botanic Healthcare raised $29 million (Rs 250 crore) in a funding round. The investment, structured as equity financing, was led by Stakeboat Capital.

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Harsoria Healthcare: Medical devices manufacturer Harsoria Healthcare raised $20 million in funding from Tata Capital Healthcare Fund, the healthcare-focused private equity arm of Tata Capital.

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Infinity Fincorp: Mumbai-based non-banking finance company (NBFC) Infinity Fincorp raised $15 million (about Rs 130 crore) in funding, with a $10 million equity infusion from Jungle Ventures and $5 million from Archerman Capital.GrayQuest: Education-focused fintech startup GrayQuest has raised $9.3 million (Rs 80 crore) in an equity funding round led by IIFL Fintech Fund, Claypond Capital (the family office of Manipal Group chairman Ranjan Pai) and existing investor Pravega Ventures.



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ETtech Deals Digest: Startups raise $398.4 million in week ending January 10, up threefold on-year


Startups raised around $398.4 million between January 4 and 10, reflecting an almost threefold increase compared to the same period last year.

This week, startups across seed, early, and late stages raised funds through 19 deals, down from 36 during the same period last year, when the total funding amounted to $138 million, according to data from the intelligence platform Tracxn.

Top deals of the week:

Innovaccer: Healthcare-focused software-as-a-service (SaaS) firm Innovaccer Inc closed a $275 million funding round, comprising both primary and secondary components, with participation from investors including B Capital Group, Kaiser Permanente and M12. Banner Health, Danaher Ventures LLC and Generation Investment Management also participated in the round.

Botanic Healthcare: Hyderabad-based nutraceutical maker Botanic Healthcare raised $29 million (Rs 250 crore) in a funding round. The investment, structured as equity financing, was led by Stakeboat Capital.

Growfast


Harsoria Healthcare: Medical devices manufacturer Harsoria Healthcare raised $20 million in funding from Tata Capital Healthcare Fund, the healthcare-focused private equity arm of Tata Capital.

Discover the stories of your interest


Infinity Fincorp: Mumbai-based non-banking finance company (NBFC) Infinity Fincorp raised $15 million (about Rs 130 crore) in funding, with a $10 million equity infusion from Jungle Ventures and $5 million from Archerman Capital.GrayQuest: Education-focused fintech startup GrayQuest has raised $9.3 million (Rs 80 crore) in an equity funding round led by IIFL Fintech Fund, Claypond Capital (the family office of Manipal Group chairman Ranjan Pai) and existing investor Pravega Ventures.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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