Startups raised around $337.6 million between August 9 and 14, a 64.9% increase from the $204.7 million raised during the same period last year, according to data from Tracxn.
The total was also up 54.2% from the $219 million raised the previous week.
Deal activity, however, fell on a year-on-year (YoY) basis, with 26 transactions recorded this week compared with 33 a year earlier.
Top deals of the week:
Truemeds:Telehealth platform Truemeds has secured $85 million in a funding round led by Accel and Peak XV Partners. Of the total, $65 million was primary capital, while $20 million was secondary transactions. Existing investors WestBridge Capital and Info Edge Ventures also participated in the financing.
1Kosmos: Identity proofing and authentication company 1Kosmos raised $57 million in a funding round, including a $10 million line of credit from Bridge Bank. The round was led by Forgepoint Capital and Origami’s Oquirrh Ventures.
Zepto: Motilal Oswal Financial Services invested Rs 400 crore in quick commerce startup Zepto. People briefed on the matter told ET that Motilal’s investment is part of a Rs 1,000 crore funding round by Zepto.
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Deal activity, however, fell on a year-on-year (YoY) basis, with 26 transactions recorded this week compared with 33 a year earlier.
Top deals of the week:
Truemeds:Telehealth platform Truemeds has secured $85 million in a funding round led by Accel and Peak XV Partners. Of the total, $65 million was primary capital, while $20 million was secondary transactions. Existing investors WestBridge Capital and Info Edge Ventures also participated in the financing.
1Kosmos: Identity proofing and authentication company 1Kosmos raised $57 million in a funding round, including a $10 million line of credit from Bridge Bank. The round was led by Forgepoint Capital and Origami’s Oquirrh Ventures.
Zepto: Motilal Oswal Financial Services invested Rs 400 crore in quick commerce startup Zepto. People briefed on the matter told ET that Motilal’s investment is part of a Rs 1,000 crore funding round by Zepto.
