April remains steady for the Indian startup ecosystem as the inflow of venture capital funds saw no major changes and remained at a respectable level.
The third week of the month saw venture capital funding in Indian startups hit $500 million, boosted by significantly large deals from Rapido and Isprava Group. That funding was lower than the $941 million reported the comparable prior week.
The funding environment is likely to be constrained in the coming months as the overall global situation and developments surrounding Zilingo are not expected to lift morale.
Moreover, entry into the public markets by way of IPO by startups is very unlikely given the volatility of the stock markets.
The fact that the startup ecosystem in India is witnessing an increased number of mergers and acquisitions is an indication that the liquidity situation is tightening.
The Rapido bike taxi platform has raised $180 million from Swiggy, TVS Motor Company, Westbridge, Shell Ventures and Nexus Ventures.
Property developer The Isprava Group raised $130 million from Nadir Godrej Family Office, Burman Family Office and others.
B2B medical supplies platform Medikabazaar has raised $65 million from Lighthouse India Fund III, Creaegis, Health Quad and others.
SaaS startup Itilitis raised $29 million from Tiger Global and Dharana Capital.
Healthcare startup Phable has raised $25m from Kalaari Capital, Aflac Ventures, Digital Horizon, Stride Ventures and others.
health boot Medfin raised $15 million from Arka Nxt, HealthXCapital, Blume Ventures, Axilor Ventures, Sony and Kotak Investments.
Fintech startup MyShubhLife has raised Rs 100 crore (about $13 million) from Gojo & Company.
Investment platform startup Stockal has raised $9 million from Hashed, PEAK6, ARC Group Ventures, Trica, 7Square, AZ Ventures, Czar Capital and Riso Capital.
Deep tech startup Spyne has raised $7 million from Accel, Storm Ventures, Smile Group, Pentathlon Ventures, Core91 and angel investors.
Healthtech startup MediSage has raised $7 million from Bessemer Venture Partners and other angel investors.