Summary: Startups Raised Over $200 Million in Funding This Week
This week, startups raised a total of $210.4 million in funding, which is a 28.2% decrease compared to the same period last year. Despite the decrease, it is a significant increase from the previous week’s total of $70 million. The funding was primarily raised by startups at the early and late stages through 21 rounds. JP Morgan, DBS, Temasek, and Standard Chartered-backed blockchain-based clearing and settlement network Partior led the way with a $60 million Series B round.
Key Funding Deals of the Week
- Partior: Raised $60 million in a Series B funding round led by Peak XV Partners.
- Auxilo Finserve: Secured $33.4 million in an equity funding round.
- BluSmart: Raised $24 million in funding with an exclusive focus on electric vehicles.
- Lenskart: Founders invested nearly $20 million back into the company.
Additional Funding Highlights from the Week
- Newme: The omnichannel fashion brand catering to new-gen customers raised $18 million in funding.
- Namma Yatri: Secured $11 million in its maiden funding round at a $55 million valuation.
Hot Take: Your Potential in the Crypto Space
As a crypto enthusiast, staying updated on the latest funding trends and deals can provide valuable insights into the market. By keeping an eye on the funding raised by startups in the space, you can gauge the overall health and investor interest in crypto-related ventures. This week’s funding activities showcase the continued support and growth potential in the crypto industry, emphasizing the opportunities available for both investors and entrepreneurs.
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