TRACXN DATA
Indian tech startup funding logs slight uptick at $4.1 billion in H1
Indian tech startups raised USD 4.1 billion in H1 2024, 4% higher than H2 2023, remaining fourth-highest funded country globally. Insights from Tracxn report highlighted funding trends and volumes in the Indian tech startup landscape.
ETtech Deals Digest: Startup funding in May rises 62% on year to $817 million
New-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for startups like Zypp Electric.
FarMart raises Rs 24 crore in debt from ResponsAbility Investments
B2B food supply platform FarMart raises Rs 24 crore from Switzerland-based asset manager ResponsAbility Investments for its SaaS software. Previous investors include General Catalyst and Matrix Partners India. The funding aims to reduce food loss and waste in India.
ETtech Deals Digest: Startup funding plummets 88% on year to $26 million this week
Goodwater Capital emerged as the topmost investor in terms of deal volume in the latest week.
ETtech Deals Digest: Startup funding falls 34% on year to $118 million this week
In terms of volume, total deals during the week stood at 18, compared to 32 a year ago, and 16 in the second week of May 2024. Sequentially, deal value went up about 3.3X from $35.2 million to $117.6 million.
Late-stage startup funding up 3x in April
Data from market intelligence platform Tracxn reveals a new trend in Indian startups. While overall funding for startups declined in the first three months of 2024, late-stage funding (for more established companies) saw a dramatic increase, more than tripling in April.
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Digit to go public on May 15, looking to raise Rs 1,125 crore
Digit's upcoming IPO on May 15 aims to raise Rs 1,125 crore, delayed by Sebi compliance issues. Valued at $4 billion, Digit faced fines from IRDAI. With a new CEO, Digit is poised to enter the market.
SoftBank back at deal counter with Icertis deal talks
Tech VC in funding talks with portfolio co Icertis, which is stitching up a $150m secondary round
Baron hikes Pine Labs valuation to $5.8 billion, Invesco marks it up to $4.8 billion
Baron Funds and Invesco revised Pine Labs' valuation to $5.8 billion and $4.8 billion respectively. Fidelity later marked it down to $3 billion. Pine Labs, founded in 1998, offers various digital payment solutions and competes with industry players like Paytm and Mswipe.
ETtech Deals Digest: Startup funding drops 59% to 12 deals this week
According to data from Tracxn, February saw startups raise $516 million across 82 rounds, versus $551 million across 109 rounds in January.
Distribution-as-a-service startup ofScale secures $375,000; grocery and gourmet to be next focus area
ofScale’s maiden funding round saw investments from Matrix Partners India DeVC and Relentless Ventures. The company is assisting D2C brands, like Arata, Wishcare and Paradyes establish their offline footprint.
ETtech Deals Digest: Boosted by investment in Sarvam AI, Indian startups raise $108 million this week
Investment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59 million raised across 18 rounds, last week.
ETtech Deals Digest: Funding crunch continues, investments down 40% in November to $409 million
New-age tech companies raised a total of $409 million in November across 63 rounds, according to data from market research firm Tracxn. Overall funding for the month was down 40% in terms of value compared to a year earlier, when startups raked in $682 million from 136 rounds.
Govt rules out review of egaming GST notices; WestBridge to buy secondary stake in Meesho
Online gaming firms aren’t getting any immediate relief from their Goods and Services Tax (GST) woes, as tax notices stand on firm legal ground, Central Board of Indirect Taxes and Customs chairman said.
ETtech Deals Digest: September brings some cheer as funding more than doubles sequentially
As the sequential rise provided a respite during a funding decline, September fared relatively better in terms of year-over-year comparison, down only about 8% from the total deal value in September 2022.
Indian startup funding at five-year low in Q3: Tracxn
The report, dated Wednesday (September 27) further indicated a 33% reduction in late-stage funding rounds, and drastic declines of 74% and 75% in early-stage and seed-stage funding, respectively, compared with the same quarter a year earlier.
ETtech Deals Digest: Startup funding hits $334 million this week on late-stage investment in Perfios
Funding activity was up 26% in the September 11-15 week, from $264 million raised in the corresponding week last year. However, it was flat on a sequential basis, rising a miniscule 1%.
ET Startup Awards 2023 methodology: how we arrived at the winners
What goes behind selecting the nominees and the winners of the ET Startup Awards, considered the most prestigious in the Indian entrepreneurial ecosystem.
ET Soonicorns Summit 2023: Key themes tracking the new growth frontiers for the Indian startup-tech economy
Ahead of the ET Soonicorns Summit 2023, to be held on August 26 in Bengaluru and later at Delhi NCR, we reveal the key themes and the power-packed tracks focused on creating a blueprint for building a resilient startup ecosystem and tracking the next frontiers of growth for the startup-tech innovation economy.
Beyond Snack raises $3.5 million in funding from Nabard-backed Nabventures
Kerala-based banana chips brand Beyond Snack has raised $3.5 million in a funding round led by agriculture and food focussed early stage fund Nabventures to accelerate its expansion.
ETtech Deals Digest: Weekly funding value slides 89%, volume led by niche tech categories
Startups managed to raise only $55 million across 16 funding rounds during the week of July 8 to 14, a decline of 89% over the same period last year, when they raised $516 million across 65 rounds, according to data provided by market research firm Tracxn.
VCs keep purse strings tight despite raising more capital
Prominent investors focused on India, which have typically backed portfolios in growth and late-stage rounds, have moved downstream towards funding early stage (including seed to Series A) companies amid increasing uncertainties caused by global macroeconomic headwinds.
ETtech Deals Digest: Indian startups raise $174 million this week, boosted by investment in Lenskart
Funding activity in Indian startups declined 83% from the same period last year, when companies had raised $1.05 billion across 60 rounds. Sequentially, startups raised 71% more money compared to the $102 million they raised last week from 21 rounds.
Turnaround kings! 12 smallcaps return to black in FY23, become multibaggers
Som Distilleries and Arrow Greentech are among 12 companies that have delivered multibagger returns and saw profit surges in fiscal year 2023. In the last year, Som Distilleries achieved a nearly 280% return, with a sales increase of more than double, to INR1,498 crore ($202.5m), and it delivered a profit of INR60.3 crore. Arrow Greentech, a packaging firm with a market capitalisation of INR520 crore, returned 279%, with a sales increase of over three times and a FY23 profit of INR12.26 crore. Other multibaggers include companies such as Kamat Hotels, Ujjivan Financial Services and Wonderla Holidays.
ETtech Deals Digest: Startup funding plummets 90% in April versus last year
Here are the biggest startup fundraises for April.
ETtech Deals Digest: Indian startups raised $58 million this week
Here’s a look at some of the key startups that raised funding this week.
ETtech Deals Digest: Indian startups raised $206 million this week
Funding this week dipped 86% from the same one-week period last year, when startups had raised $1.5 billion across 66 rounds. And compared to last week’s $1.26 billion worth of investments in startups across 18 rounds, funding activity plummeted by 84% this week.
ETtech Deals Digest: Indian startups raised $491 million this week
According to Tracxn data, about $400 million was pumped into late-stage startups, while early-stage startups picked up $38 million.
Tracxn Tech makes lacklustre debut, lists at 6% premium over IPO price
The issue was overall subscribed just above two times during the bidding process. The quota for retail bidders was subscribed 4.87 times, whereas institutional buyers' allocation was subscribed 1.66 times. The HNI portion fetched only 80% bids.
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