April remains stable for the Indian startup ecosystem as venture fund inflows have seen no major change and have remained respectable.
In the third week of the month, Indian start-up funding reached $500m, buoyed by significantly large deals from Rapido and The Isprava Group. This funding was lower compared to the $941 million reported in the previous comparable week.
The funding environment is expected to be constrained in the coming months as the general world situation and events surrounding Zilingo are unlikely to improve the mood.
In addition to this, the entry into public markets through the IPO route by startups is very unlikely given the volatility in the stock markets.
The fact that the startup ecosystem in India is seeing an increased number of mergers and acquisitions is an indication that the liquidity situation is tightening.
The Rapido bike taxi platform raised $180 million from Swiggy, TVS Motor Company, Westbridge, Shell Ventures and Nexus Ventures.
Property developer The Isprava Group raised $130 million from Nadir Godrej Family Office, Burman Family Office and others.
B2B medical supply platform Medikabazaar has raised $65 million from Lighthouse India Fund III, Creaegis, Health Quad and others.
SaaS startup itillite raised $29 million from Tiger Global and Dharana Capital.
Healthcare startup Phable raised $25 million from Kalaari Capital, Aflac Ventures, Digital Horizon, Stride Ventures and others.
start of medical care medfin raised $15 million from Arka Nxt, HealthXCapital, Blume Ventures, Axilor Ventures, Sony and Kotak Investments.
Fintech startup MyShubhLife raised Rs 100 crore (approximately $13 million) from Gojo & Company.
Investment platform startup Stockal raised $9 million from Hashed, PEAK6, ARC Group Ventures, Trica, 7Square, AZ Ventures, Czar Capital, and Riso Capital.
Deep tech startup Spyne has raised $7 million from Accel, Storm Ventures, Smile Group, Pentathlon Ventures, Core91 and angel investors.
Healthtech startup MediSage has raised $7 million from Bessemer Venture Partners and other angel investors.