Startups raised around $66 million in the week ending February 24, a decrease of 33% from the $100 million secured during the same period last year, according to data intelligence platform Tracxn.
This week’s tally, however, was up 43.8% from the previous week, when startups raised only $46.2 million.
Cheque sizes reduced this year, with $66 million invested across just 21 deals, compared to $100 million spread over 33 deals last year.
This week, the top three VCs were Rainmatter, All In Capital, and Blume Ventures, each closing two deals.
Top deals this week
Oolka: Fintech startup Oolka has raised $14 million in a Series A round led by Accel India, with participation from existing investors. Founded in 2023 by former Meesho CBO Utkrishta Kumar, Oolka operates a credit marketplace integrated with AU Small Finance Bank, Yes Bank, and IDFC First Bank, and counts Ramakant Sharma, Vidit Aatrey, and Rajesh Yabaji among its angel investors.
M (Curious Digital): AI virtual assistant startup for household maintenance, founded by Dunzo cofounder Kabeer Biswas and former VP Kartik Mishra, has raised Rs 102 crore in a seed round led by Peak XV Partners, with participation from Blume Ventures and Cred.
LightFury Games: Gaming startup LightFury Games has raised $11 million in a round led by Blume Ventures, with participation from V3 Ventures, MIXI, and Times Internet. The round also saw backing from cricketers including MS Dhoni, Jasprit Bumrah, and Hardik Pandya.
This week’s tally, however, was up 43.8% from the previous week, when startups raised only $46.2 million.
Cheque sizes reduced this year, with $66 million invested across just 21 deals, compared to $100 million spread over 33 deals last year.
This week, the top three VCs were Rainmatter, All In Capital, and Blume Ventures, each closing two deals.
Top deals this week
Oolka: Fintech startup Oolka has raised $14 million in a Series A round led by Accel India, with participation from existing investors. Founded in 2023 by former Meesho CBO Utkrishta Kumar, Oolka operates a credit marketplace integrated with AU Small Finance Bank, Yes Bank, and IDFC First Bank, and counts Ramakant Sharma, Vidit Aatrey, and Rajesh Yabaji among its angel investors.
M (Curious Digital): AI virtual assistant startup for household maintenance, founded by Dunzo cofounder Kabeer Biswas and former VP Kartik Mishra, has raised Rs 102 crore in a seed round led by Peak XV Partners, with participation from Blume Ventures and Cred.
LightFury Games: Gaming startup LightFury Games has raised $11 million in a round led by Blume Ventures, with participation from V3 Ventures, MIXI, and Times Internet. The round also saw backing from cricketers including MS Dhoni, Jasprit Bumrah, and Hardik Pandya.
