Startups throughout levels, largely early and late, raised the funds throughout 63 rounds. In March final yr, they’d raised a complete of $990 million throughout 133 rounds, as per Tracxn knowledge. The funding winter was in full power by then, having begun from September 2022.
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The offers throughout the month had been virtually evenly unfold in ranges of 5-10 offers amongst sectors comparable to fintech, edtech, deeptech, software-as-a-service and healthtech. The ecommerce sector noticed probably the most variety of offers at 13, whereas meals, mobility, logistics and agritech noticed 5 or fewer offers.
ETtechBengaluru-based Blume Ventures emerged because the topmost investor by deal quantity in March. It deployed capital in startups comparable to well being monitoring system maker Ultrahuman, grocery store chain SuperK, digital lender Optimo Mortgage, immersive audio experiences startup Vobble and sustainable packaging options startup Bambrew.
When it comes to deal quantity, the whole stood at 63, in comparison with 96 in February, and 133 in March 2023. Sequentially too, deal worth dipped about 10% from $695 million to $622.5 million.
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Within the final week of March, deal worth went all the way down to $57.3 million from $77.9 million in the identical interval final yr, and $227 within the penultimate week of the month. In quantity phrases, it dropped to 10 from 25 a yr in the past, and 21 within the earlier week.
ETtechHigh offers of the month:
Pocket FM: The audio leisure platform raised $103 million led by Lightspeed, with participation from Stepstone Group.
Perfios: The fintech-focused software program startup secured $80 million from Academics’ Enterprise Progress, the late-stage enterprise and progress funding arm of Ontario Academics’ Pension Plan.
ETtechLohum: The battery manufacturing and recycling agency raised $14 million in a funding spherical led by funding agency Singularity Progress.
Newspace Analysis & Applied sciences: The swarm drone know-how startup raised $52 million in a bridge spherical of $33 million of fairness from marquee buyers and secured debt amenities of $19 million from Sidbi.
Skyflow: The software program companies supplier that shops person knowledge for firms raised $30 million to increase its Sequence B funding spherical, which was led by Khosla Ventures.
