Supply-chain financing platform Mintifi bagged the biggest share of the funding this week by picking up $110 million in a late-stage funding round led by Premji Invest. This accounted for 78% of the total funds raised in the concerned period.
ETtech
Indian startups received $140 million in funding over the week across 20 rounds, 90% lower compared to the same period last year when $1.43 billion came in as across various companies, according to data from market intelligence firm Tracxn.
ETtech
Compared to last week, startups saw a dip of 69% in funding, from $450 million raised across 26 rounds.
Elevate Your Tech Prowess with High-Value Skill Courses
Supply-chain financing platform Mintifi bagged the biggest share of the funding this week by picking up $110 million in a late-stage funding round led by Premji Invest. This accounted for 78% of the total funds raised in the concerned period.
ETtech
Seed stage funding stood at $12.6 million and accounted for 9% of the total funds raised, while early stage funding stood at $17.8 million, accounting for 13%.
Here is a list of startups that got funded this week:
Supply chain financing startup Mintifi raises $110 million:Mintifi has raised $110 million in a fresh round of funding led by Premji Invest, with participation also from existing investors Norwest Venture Partners, Elevation Capital and International Finance Corp. Almost 90% of the amount has been raised by selling new shares, with the proceeds going to the company. The remaining 10%, raised through secondary shares, is to provide liquidity to employees and early investors, cofounder Anup Agarwal told ET.
Fantasy sports platform Fantasy Akhada raises $11 million: Super Six Sports Gaming, the parent company of fantasy sports brand Fantasy Akhada, has raised $11 million in a fresh round of funding which values the company at $135 million. The round was led by Florintree Advisors (run by Mathew Cyriac, ex-MD of Blackstone India). It also saw participation from existing investors Mukul Agrawal (Param Capital) and Varalakshmi Enterprises (Family Office of the GMR Group).
SaaS startup Houseware raises $2.1 million: Software-as-a-Service (SaaS) startup Houseware received seed funding of $2.1 million, led by Singapore-based venture capital firm Tanglin Venture Partners. Other participating investors include early-stage investors GTMfund and Better Capital, and undisclosed angel investors from SaaS businesses such as Snowflake, Stripe, Carta, Zendesk and Superhuman.