ETtech Done Deals: Startup funding dips 18% to $121 million this week
deals.
Companies in seed, early and late stages had raised about $147 million from 33 rounds during March 2 to March 8, 2023, as per data from Tracxn.
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Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitThe top three most active investors during the week were Elev8 Venture Partners, Alpha Wave and Panthera Growth Partners.
Early-stage funding – at $69.5 million — accounted for about 57% of the overall deal value this week, followed by the late stage at $47 million, or 38.8%.
Sequentially, funding was down 46% from the previous week when startups raised $226 million across 12 rounds.
Top deals this week:
IDfy: Mumbai-based identity verification and digital onboarding platform Idfy has raised $27 million (about Rs 224 crore), in a mix of primary and secondary funding, from Elev8 Venture Partners along with its limited partners and affiliates.
Hunch: Social media startup Hunch has raised $23 million in a funding round led by US-based Alpha Wave and South Korea-based Hashed Emergent.
Rozana: Rural commerce startup Rozana has raised $22.5 million (about Rs 186.5 crore) in funding led by Bertelsmann India Investments, along with participation from Fireside Ventures and its existing investors.
Zetwerk: Contract manufacturing startupZetwerk has raised $20 million (about Rs 166 crore) in fresh investments
