The second week of May has been rather tumultuous for the Indian startup ecosystem with stock markets declining and the growing talks about a slowdown in the funding momentum. This week, Indian startups reported total funding of $344 million across 34 deals—a 35 percent decline from $532 million in the previous week.
Ather Energy: Electric two-wheeler startup Ather Energy Raised $128 million in a Series E round from National Investment and Infrastructure Fund Limited (NIIFL), Hero MotoCorp, and others.
Razorpay: Fintech unicorn Razorpay raised $75 million in a secondary transaction ESOP sale from Lightspeed Venture Partners and Moore Strategic Ventures.
GoKwik: Ecommerce enablement platform GoKwik raised $35 million in a Series B funding round from Think Investments, Sequoia Capital India, Matrix Partners India, and RTP Global.
Skillmatics: Edtech startup Skillmatics raised $16 million in a Series B round from Sequoia Capital India and Jalaj Dani Family Office.
iNurture: Edtech startup iNurture Education Solutions raised $15 million in a combination of debt and equity from ADM Capital.
ApnaKlub : ApnaKlub, an FMCG wholesale platform, raised $10 million in a Series A round from Tiger Global.
MoEVing: EV startup MoEVing raised $5 million in a seed round from BeyondTeq, Strides One, TradeCred, N+1 Capital, and others.
Hono: HR tech HONO raised $5 million in a Series A funding round led by Aakash Chaudhry, Managing Director, Aakash+BYJU’s.
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