Five New Unicorns seen in February 2022, with the Startup Funding of about $3.7 Mn
- ByStartupStory | March 2, 2022
In February 2022, a major decline in terms of startup funding amount and the number of deals were seen in comparison to the previous. The major milestone for Indian startups was the emergence of five new unicorns. Between February 1, 2022 and February 26, 2022, an analysis reports that the Indian startup raised over $3.7 Mn in funding, across 164 deals.
In comparison to the same month last year, February 2022 saw 76% startup funding deals in terms of deal count. About 555 unique investors were recorded participating in these rounds. A drop in funding amount by $4.6 and number of deals by 196 was seen in comparison to the last month, January 2022.
With last-stage startups grabbing the majority of the funding to the tune of $2.5 Bn, February saw 12 mega rounds (over $100 Mn) in total. The growth rate startups were picked up by $1.3 PM in funding among the total amount of funding in January 2022, with this almost 65% (over $2.9 Bn) went to last stage startups. A minor bump in February 2022 was seen in seed funding across 79 deals in the month, with seed-stage raising up to $567 Mn, in comparison to January 2022 of around $400 Mn.
Pune based startups ElasticRun and Xpressbees, home renovation and interiors platform Livspace, enterprisetech startups Uniphora and Hasura are the new unicorns in February 2022.
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