By Anjali Sharma
NEW YORK – The media obn Sunday reported that at least 24 domestic startups secured over $229 million in funding this week, which included six growth-stage deals worth $182.65 million.
The week saw 13 early-stage deals worth $46.14 million. Overall, Bengaluru-based startups led with eight deals, followed by Delhi-NCR, Mumbai, Hyderabad and Kolkata, as per industry data.
The funding momentum was led by mobile advertising network software InMobi which raised $100 million in a debt funding round, followed by MSME-focused fintech lender FlexiLoans which secured $35 million.
The employee healthcare platform Onsurity secured $21 million spiritual tech startup AppsForBharat raised $18 million.
It said that consumer lending platform Moneyview received $4.65 million and HRtech platform HROne $4 million this week.
The average funding in the last 8 weeks stood at over $331 million with 26 deals per week.
E-commerce startups led the funding with 5 deals, followed by fintech, healthtech and Cleantech startups.
Nazara Technologies took a controlling stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 982 crore among mergers and acquisitions.
The gaming and sports media company acquired 47.7% stake in Moonshine for Rs 832 crore through a secondary transaction and announced to infuse Rs 150 crore in primary capital via compulsory convertible preference shares.
E-commerce enabler GoKwik acquired Return Prime, a global returns management app.
The global venture capital firm Accel announced a pre-seed scaling programme where selected startups will receive up to $1 million in funding through equity or convertible note and access perks worth more than $5 million from Accel’s network partners.
The Indian startups secured $348 million across 19 deals. The week was led by ride-sharing platform Rapido which raised $200 million in its Series E funding, it added.
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