Startups raised around $343 million between March 14 and 20, a decline of 69% compared to the $1 billion secured during the same period last year, according to data intelligence platform Tracxn.
This week’s tally, however, was around 2.5 times the $139.1 million raised in the previous week this year.
The deal activity also slowed significantly this week, with 29 transactions recorded compared with 44 in the same week last year.
Top deals of the week
Weaver Services: Housing finance platform Weaver Services completed a two-tranche fundraise of $156 million. Premji Invest co-led the latest round along with Lightspeed Venture Partners.
Ecofy: Non-banking finance company (NBFC) Ecofy, focussed on climate change solutions, raised around $42 million in an equity round from British International Investment and Finnfund. Existing investors Eversource Capital and FMO also participated in this round.
Atlys: Visa processing startup Atlys raised $36 million in funding led by Susquehanna Asia VC, with participation from existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners. Travel platform MakeMyTrip also joined the round as a new investor.
This week’s tally, however, was around 2.5 times the $139.1 million raised in the previous week this year.
The deal activity also slowed significantly this week, with 29 transactions recorded compared with 44 in the same week last year.
Top deals of the week
Weaver Services: Housing finance platform Weaver Services completed a two-tranche fundraise of $156 million. Premji Invest co-led the latest round along with Lightspeed Venture Partners.
Ecofy: Non-banking finance company (NBFC) Ecofy, focussed on climate change solutions, raised around $42 million in an equity round from British International Investment and Finnfund. Existing investors Eversource Capital and FMO also participated in this round.
Atlys: Visa processing startup Atlys raised $36 million in funding led by Susquehanna Asia VC, with participation from existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners. Travel platform MakeMyTrip also joined the round as a new investor.