The 2 offers helped push up total funding numbers by almost 3 times to $186.6 million, deployed throughout 10 offers. This was up 188% from $64.9 million throughout 32 offers in the identical week a 12 months in the past – March 9 to March 15, 2023.
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Accordingly, deal density in the course of the week additionally rose to about $19 million per deal, as towards $2 million in the identical interval final 12 months, and $7 million within the earlier week.
ETtechSequentially, funding within the newest week noticed a rise of about 52% in worth phrases, and was down about 41% by quantity.
Vitality transition supplies maker Lohum raised $54 million in a major and secondary-based funding spherical led by Mumbai-based Singularity Development Fund.
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ETtechFintech-focused software program startup Perfios secured $80 million from Lecturers’ Enterprise Development, the late-stage enterprise and development funding arm of Ontario Lecturers’ Pension Plan – making it the second firm to realize unicorn standing this 12 months.
ETtechEssentially the most vital quantity of $103.6 million raised within the week was within the early stage, which accounted for about 56% of the general deal worth. This was adopted by $80 million within the late stage, commanding about 43%.
Different prime offers:
Cureskin: The platform that connects customers with skincare consultants raised $20 million in a sequence B funding spherical led by healthcare-focused enterprise capital agency HealthQuad.
Freed: The Gurugram-based debt reduction startup raised $7.5 million in a recent funding spherical, led by Sanjay Nayar-backed Sorin Investments and early-stage enterprise fund Multiply Ventures.
Sugar.match: The healthtech startup that seeks to handle and reverse kind 2 and pre-diabetes raised $5 million in a funding spherical led by world tech-focused funding agency B Capital.
Kimbal Applied sciences: Theenergy tech agency raised $5 million in its first spherical of institutional funding, led by funding advisory agency Niveshaay.
