[Weekly funding roundup August 1-5] There is no significant increase in the flow of investment capital
The needle of project finance in Indian start-ups did not move significantly at the beginning of August, and remains weak due to the slowdown in capital inflows.
The first week of August saw total funding 111 million dollars passing 22 deals. In contrast, the previous week saw total inflows of $80 million.
The current flow of project financing is on expected lines as investors slow the deal’s momentum in light of macroeconomic conditions. Funding for the drought is likely to last at least two months.
In such an environment, early stage startups are likely to dominate the funding stream.
Wealth Management Platform Dzerve. raised $20.7 million From Accel Partners, Elevation Capital, Matrix Partners, Whiteboard Capital and GTM Ventures.
Technology startup WebEngage I raised $20 million From the Singularity Growth Opportunities Fund, SWC Global, India Quotient and Blume Ventures.
Fintech startupTWID Raised $12 Million From Rakuten Capital, Google, ICMG Partners, JAFCO Asia, January Capital and Reddy Futures Fund.
Start EVRiver Raised $11 Million From Lowercarbon Capital and Toyota Ventures.
Fintech startupcadaverous Raising $10 Million From Accel and Nexus Venture Partners.
Fintech startupcredit gallery Raising $10 Million From LC Nueva Investment Partners, the Sattva Family Office, and Angel Investors.
B2C startup Farmley Raising 6 million dollars From DSG Consumer Partners, Alkemi Growth Capital, Omnivore, Insitor Partners, and other angel investors.
Fintech startup CredAble He raised 7 million dollars By selling 5 percent of its stake to Axis Bank.