[Weekly funding roundup Oct 17-21] Sharp rise in venture capital inflows

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It seems that the spirit of Diwali has already entered the Indian startup ecosystem. In the third week of October, the ecosystem saw a surge in VC funding boosted by the edtech unicorn PARJU’S raise a lot of money.

The week received venture capital funding from $419 million out of 21 deals, which is a huge improvement from the previous week, when the figure was $97 million. It remains to be seen if this increase in funding flows is a one-time event in the middle of the funding winter or if it will be the start of a trend.

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BUYJU’s big deal has been supplemented by various venture capital firms including Fireside Ventures and Indian Angel Network, which have completed numerous deals. This bodes well for the ecosystem as there is a pool of capital available for startups, however, the question remains when it will start to flow.

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unicorn edtech BYJU’S raised $250 million from its existing investors, including Qatar Investment Authority (QIA).

Bangalore-based EV startup Ather Energy raised Rs 400.6 crore (about $50 million) from Caladium Investment and Herald Square Ventures.

Soothe health care raised Rs 175 crore from US International Development Finance Corporation (DFC) A91, Symphony, Sixth Sense Ventures and GII.

SnapMinta fintech start-up, raised $21 million led by Northern Arc Capital and HNI.

B2B startup world fair raised $20 million from Lightspeed Venture Partners, Saama Capital, India Quotient, AUM Ventures and Stride Ventures.

Transmission AI raised $15 million from Elevation Capital, Jungle Ventures, Venture Highway and angel investors.

VE Funding Platform RevEnd raised $10 million led by Green Frontier Capital and existing investors.

BeepKarta startup focused on the two-wheeler segment, raised $9 million from Vertex Ventures, Stellaris Venture Partners and Chiratae Ventures.

Tringa celebrity engagement platform, raised $5 million from Kalaari Capital, Blume Founders Fund, Redbrook Pte and Udaan’s Sujeet Kumar.

Legalitya document infrastructure platform, raised $5 million from the IIFL Fintech Fund and Mumbai Angels.

eyewear brand ClearDekho raised $5 million from SphitiCap, Venture Catalysts, Dholakia Ventures, NB Ventures and Estrela Ventures.

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