New Delhi, November 23 (IANS). The Indian startup ecosystem has made a great comeback in terms of fund raising this week. Startup funding recorded an increase of more than 226 percent and raised a total of approximately $596 million.
Last week, at least 24 Indian startups raised about $182.62 million, which included three growth-stage deals and 19 early stage deals.
Between November 18-23, at least 23 startups raised $596 million, including six growth-stage deals and 15 early-stage deals.
Quick-commerce platform Zepto raised $350 million in a round led by Motilal Oswal’s private wealth division. Additionally, investors have invested more than $1.3 billion in Zepto in the last five months.
Omni-channel nutrition platform Healthkart raises $153 million led by ChrisCapital and Motilal Oswal Alternatives.
Neo Group and Healthkart’s existing investor, A91 Partners, also participated in the round. It also announced its first employee ESOP buyback scheme of Rs 55 crore ($6.5 million).
India’s leading insurtech platform, Jopper, raised $25 million in Series D funding round, co-led by Elevation Capital and Dharana Capital.
Existing investor Bloom Ventures also participated in this round. Jopper is also backed by Crysis, Bessemer Venture Partners and ICICI Venture.
Doodhwale Farms, an innovator in the premium dairy sector, announced the successful closing of a $3 million funding round.
The round was led by Atomic Capital, with Singularity Early Opportunities Fund joining as a lead co-investor.
Bengaluru-based startups led the way with 10 deals, followed by Delhi-NCR, Mumbai, Chennai, Pune and Hyderabad.
The average funding over the past eight weeks has been around $266.77 million, with 25 deals per week.
As of October this year, Indian startups have raised nearly $10 billion in funding and are on track to surpass the total of $10.5 billion raised last year.
–IANS
SKT/ABM
