Akshata Sharma
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Indian startups raised $222.2 Mn via 25 deals, a 416% increase from $43.1 Mn raised via 12 deals in the preceding week
While the week saw a major uptick in the funding trends, it also saw the crowning of India's 116th unicorn Rapido. Meanwhile, three entities from the startup ecosystem, Ola Electric, Unicommerce and FirstCry.com (BrainBees Solutions Ltd.), finally reached the doorsteps of the public markets this week.
Key Startup Funding Highlights Of The Week:
* Rapido's unicorn minting round was the biggest fundraise this week. It bagged a funding of $120 Mn from existing investor WestBridge Capital at a post-money valuation of a little over $1 Bn.
* Bolstered by Rapido's funding round, travel tech emerged as the investor favourite at a sectoral level. Fintech trailed travel tech at a sectoral level, with three fintech startups bagging $39.4 Mn.
* Enterprise tech saw the greatest number of deals this week, with startups raising $9.3 Mn via seven deals.
* Seed funding revived in the week, with startup's raising $5.1 Mn as against nil in the last week.
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