Indian startups are seeing a funding ‘winter’ as the venture capital inflow into the Indian Startup ecosystem has now dropped below the $200 million range this week.
From May 23-27, startups in India Raised $191 million, $6 million short of the funding ($197 million) reported last week
The impact of the current liquidity crunch is also thwarting plans of startups that were either planning initial public offerings (IPOs) this year or have high burn rates with low runways.
Country Delight: Country Delight, a direct-to-consumer (D2C) milk and grocery delivery startup, raised $108 million in a mix of debt and equity in a Series D round from Venturi Partners, Temasek, SWC Global, Trifecta Capital, and others.
BluSmart: Electric ride-hailing platform BluSmart raised $25 million in an extended Series A round from BP Ventures, Green Frontier Capital, Stride Ventures, Alteria Capital, BlackSoil, and UCIC.
Three Wheels United: EV financing startup Three Wheels United raised $10 million in a Series A round led by Delta Corp Holdings, with participation from Techstars, Grip Invest, and other investors.
NAKAD: Supply-chain focused fintech startup NAKAD raised $7 million in a seed round from Accel, Matrix Partners India, AdvantEdge Founders, and angel investors.
ShopSe: Instant EMI startup ShopSe raised $6.1 million in a Series A round from BEENEXT, Chiratae Ventures, and White Venture Capital.
The post Prominent Startup Funding May 23rd to May 27th first appeared on Startup Sync.
