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After a slight uptick in funding in the second week of July, the funding has dropped again. Between July 18 and 23, the startup ecosystem has managed to raise mere $189 Mn across 29 deals. This is a 58% drop from $448 Mn that the ecosystem raised the previous week across 30 deals.
The week did not witnessed any mega round or any new unicorn being minted.
Most active investor of the week was Inflection Point Ventures (IPV) Combinator as it participated in two deals this week.
The Indian Startup Funding Deals Of The Week
From The Startup Acquisition Desk
Startup Funds This Week
- US-based investment firm B Capital on Tuesday (July 19) announced the final close of its $250 Mn Ascent Fund II to invest in early-stage startups
- KKR’s Sanjay Nayar led Sorin Investments has raised $100 Mn (INR 798 Cr) from multiple family offices for its debut fund
- Mumbai-based early-stage VC fund, First Cheque has closed its second fund after raising $5 Mn (INR 38 Cr)
- LetsVenture’s cofounder Shanti Mohan has launched micro venture capital firm Propell which will invest INR 50 Cr in 30 early stage startups
- Early-stage venture capital firm Auxano Capital has launched its $25 Mn Category 1 fund, which will be raised through its network of high-net-worth individuals (HNIs), ultra HNIs (UHNIs) and family offices.
