This week, Indian startup funding stood at $92.2 Mn across 17 deals, down 70% from the preceding week
In terms of deal count, ecommerce retained the top spot with six startups securing fresh capital during the week
Info Edge Ventures was the most active investor this week, backing Anscer Robotics and Trackk
Weekly funding in the Indian startup ecosystem has been volatile over the past few months amid ongoing geopolitical distress. In line with the trend, startup funding fell sharply this week after surging over the past week.
Seventeen Indian startups raised $92.2 Mn between May 18 and 22. This marks a 70% decline from $303 Mn bagged by 15 startups in the preceding week.
OfBusiness’ lending arm Oxyzo received board nod to complete acquisition of debt investment and bond distribution platform GoldenPi Technologies Pvt Ltd via share-swap agreement for a deal value of ₹42.4 Cr.
Innovaccer acquired US-based company CaduceusHealth to expand its Flow software platform into full-stack revenue cycle management for outpatient and ambulatory care. As per an ET report, the deal valued CaduceusHealth at $66 Mn.
Nykaa’s board cleared the acquisition of a 24.2% stake in skin care brand Earth Rhythm for ₹9.4 Cr, making the brand a wholly owned subsidiary of Nykaa. The deal will be completed by August 31.
Source: Inc42 - Startups
