From Rapido To Medikabazaar – Over $532 Mn raised by Indian Startups this week
- ByStartupStory | April 16, 2022
The funding in the startup ecosystem has dropped significantly in the second week of April, after raising close to a billion dollar funding in the first week of FY23. The Indian startup ecosystem managed to raise $532 Mn across 28 deals, between April 11 and 16. Indian startups raised last week across 33 deals, this is almost a 44% drop from $954 Mn.
No unicorn has also been produced this week. As it was involved in three deals, Sequoia Capital was the busiest investor this week.
Through an initial public offering (IPO), Bengaluru-based healthtech startup Portea Medical is likely to raise about INR 900-1,000 Cr. For this, the draft red herring prospectus (DRHP) with SEBI next month might be filed by the healthtech startup.
A legal preliminary prospectus, DRHP, serves as an important communication link between the company, stakeholder and .its investors.
Through an initial public offering (IPO) that it may file this month, Supam Maheswari-led omnichannel baby & kids marketplace FirstCry can raise about $700 Mn. Further, during the same period in the previous financial year, a 141.3% rise from INR 896.7 Cr was generated by it , its consolidated total revenue soared to INR 1,740 Cr.
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