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The third week of February saw a decline in venture capital funding into Indian startups. However, the momentum remained strong with large corporates investing in unicorn-bound startups.

In the week, Indian startups raised a total of $410 million in funding, as compared to $1.46 billion raised in the previous week, driven largely by unicorns.

This week, India and US-based conversation AI startup Uniphore, now valued at $2.5 billion, entered the billion-dollar unicorn club, after raising a $400 million funding round. ElasticRun formally announced that it too has turned into a unicorn.

A total of 29 transactions were recorded during the week, and an overwhelming number of deals were in the early-stage category.

Transactions of the week

Glance, the smartphone lock screen platform and part of InMobi Group, raised $200 million from Jio Platforms in a Series D round of funding.

Healthtech startup GOQii raised $50 million in a Series C round from Sumeru Ventures, Modality, Blacksoil Capital, Trifecta Capital, 9Unicorns, and Venture Catalysts, among others.

Social commerce startup DealShare raised $45 million from the subsidiary of Abu Dhabi Investment Authority (ADIA).

Propelld, a fintech startup, raised $35 million from WestBridge Capital, Stellaris Venture Partners, and India Quotient.

Fintech startup RapiPay raised $15 million from individuals belonging to various family offices.

Healthtech startup Kenko Health raised $12 million from Sequoia Capital India, Beenext, Orios, 9Unicorns, and Waveform Ventures.

D2C startup Join Ventures raised $10 million from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns, and Venture Catalysts.

Agritech startup Agrim Wholesale raised $10 million from Kalaari Capital, Omnivore, India Quotient, Accion Venture Lab, and Axis Bank.

Edtech startup Entri raised $7 million from Omidyar Network India, Innospark Ventures, and Integrated Capital.

Proactive For Her, a women-focused healthcare startup, raised $5.5 million from Vertex Ventures and Nexus Venture Partners.

SaaS startup Actyv.ai raised $5 million from 1Digi Investment.