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    ETtech Deals Digest: weekly funding in Indian startups falls 86% YoY with no late-stage fundraises

    Synopsis

    Here are the startups that got funded this week.

    India's micro venture capital funds venture funding ecosystem Venture Capital_THUMB IMAGE_ETTECHETtech
    Funding activity in the Indian startup ecosystem saw another muted week. A total of $87 million was raised across 12 rounds between March 18 and March 24, according to data provided by market intelligence firm Tracxn.

    Overall funding trend across Indian startupsETtech

    This represents an 86% dip in the amount of funding, compared to the same period last year, when $609 million were poured into startups.

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    Top funding rounds for the periodETtech

    According to Tracxn data, no late-stage startups received funding this week, with early-stage startups picking up $68.2 million. This represented 78.5% of the overall weekly funding, while seed-stage companies racked up at $18.63 million, making up for the remaining 21.5%.

    Most active VCs this week_ETtech

    Here are the startups that got funded this week:

    EV charging infra platform CHARGE+ZONE raises $54 million: Electric vehicle charging infra platform CHARGE+ZONE on Monday announced raising $54 million (Rs 450 crore) in Series A1 funding round led by global impact investment management firm BlueOrchard Finance. Additionally, the company plans to raise $75-100 million in equity as part of Series A2 during 2023-2024, CHARGE+ZONE said in a statement.

    Travel tech startup Mystifly raises $8 million: Singapore-based travel tech startup Mystifly on Thursday announced that it has raised funds from CSVP (Cornerstone Venture Partners), concluding its pre-series B funding at $8 million, which includes earlier investments from RSI Fund (a subsidiary of Recruit), Jenfi & Crusade Partners, among others.

    Healthcare startup Sukino raises Rs 50 crore: Healthcare services platform Sukino Healthcare Solutions has secured an equity investment of Rs 50 crore from Stakeboat Capital. Founded in 2015, the Bengaluru-based startup offers services that cater to the long-term healthcare needs of patients with chronic ailments.

    Milkbasket cofounder's Sorted bags $5 million: Fresh fruits and vegetable supply chain startup Sorted, which is founded by Milkbasket cofounder Anant Goel, has raised $5 million as a part of its ongoing seed funding round.
    The Economic Times

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