[Weekly funding roundup Feb 7-13] VC influx stays subdued

Enterprise capital (VC) funding into Indian startups continues to stay within the subdued zone, largely because of the absence of any giant worth transactions coupled with a lesser variety of offers.

The whole funding for the second week of February got here in at $203 million throughout 29 offers. In distinction, the earlier week noticed funding of $191 million. This reveals the funding stage has virtually remained flat.

This week, there have been funding transactions throughout levels, however the quantity raised was decrease. The early stage class continues to see traction when it comes to offers, however the quantum of cash stays low. Actually, for the 12 months until now, there has not been a single transaction worth of $100 million and above.

These tendencies don’t augur properly for the Indian startup ecosystem, and there aren’t any indicators that there could possibly be any robust revival anytime quickly. Actually, there’s a clear absence of any particular theme within the ecosystem, not like the US market, the place synthetic intelligence (AI) is grabbing all of the headlines and the cash.

The instant future doesn’t look very promising, and even the transactions which could possibly be termed as greater worth are coming within the vary of $50-80 million. Even the macroeconomic surroundings just isn’t providing any consolation given how the inventory markets proceed to stay risky.

Key transactions

IDfy, a tech startup, raised Rs 476 crore ($53 million approx.) from Neo Asset Administration, Blume Ventures, Analog Capital, Elev8, IndiaMART, and Kae Capital.

Pet care startup Supertails raised $30 million from Venturi Companions, Nippon India Different Investments, Titan Capital Winners Fund, Hearth Ventures, RPSG Capital Ventures, Sauce VC, and Saama Capital.

Biotech startup Pandorum Applied sciences raised $18 million from Protons Company, Galentic Pharma, Ashish Kacholia, Noblevast Advisory, Avinya Fund, the Burman Household, and others.

Tech startup Showroom B2B raised $17 million from Cactus Companions, Zephyr Peacock, Jungle Ventures, Accion Ventures, NBD Ventures, Lighthouse Canton, and Alteria Capital.

Tech startup Care. fi raised $8 million from July Ventures, Peak XV Companions, Accion Enterprise Lab, Sadev Ventures, Trifecta and Vivriti.

Automotive know-how startup Six Sense Mobility raised Rs 44 crore ($4.8 million approx.) from Ashish Kacholia and Piper Serica Angel Fund.