[Weekly funding roundup Aug 22-26] Venture capital inflow shows slight uptick


The month of August ended on a high note, with the past week seeing some increase in venture capital funding into startups through deals in the order of ~$50 million.

The last week of August saw the total venture capital funding of $260 million spread over 26 transactions. By comparison, the previous week saw an influx of $135 million. This increase in venture capital funding certainly comes as a relief in what has generally been a very bleak time.

So far, August has seen a total influx of around $800 million, and the current trend is unlikely to change for the rest of the year. It is likely that startups, especially those in the Unicorn and Soonicorn categories, are not likely to raise significant funding, as renowned VC or PE funds are not safe to conduct such deals.

Now anyone can guess how long the current funding downturn will last, however, there is unlikely to be a sharp reversal in capital flows.


Servify, a product lifecycle management startup, raised $65 million from Singularity Growth Opportunity Fund, AmTrust, Iron Pillar and BEENEXT.

‎Hector Drinks raised $50 million of an investment company of GIC Special Investments Pvt Ltd of Singapore.

Oasis Fertility, a healthcare company, raised $50 million from the capital Kedaara.

Mojocare, a health technology startup, raised $20.6 million from B Capital, Chiratae Ventures, Surge from Sequoia India and Better Capital.

Awign, an HR technology start-up, raised $15 million from Bertelsmann India, Amicus Capital Partners, Mynavi Corporation and Unitus Ventures.

Clothing brandXYXX raised Rs 90 crore (about $11 million) from Singularity Growth Opportunities Fund, Trifecta Capital and Sauce Venture.

Healthtech startup HealthAssure raised Rs 50 crore of the Rajiv Dadlani group, Blume Ventures and Leo Capital.


About Author

Comments are closed.