[Weekly funding roundup April 18-22] Venture capital inflow remains in stable territory

The month of April continues to be stable in terms of venture capital inflows into Indian startups, as the total amount has been in the $500M range with medium deals giving the push this week.

The total amount of risk financing for the third week of April was $441.43 million spread over 29 deals, compared to $500 million in the previous comparable week.

The highlight of the week was the $135 million capital infusion into cryptocurrency exchange CoinDCX although there were other offers in the $20-$50 million range that boosted funding this week.

However, it remains to be seen how this momentum will be maintained in the coming weeks, since there is a general opinion that there could be a drop in the inflow of funds given the not so good macroeconomic conditions. Actually, this might require some prudence on the part of startups.

CoinDCX founders Neeraj Khandelwal (left) and Sumit Gupta

The best offers of the week

Indian crypto exchange CoinDCX raised $135 million from Pantera, Steadview, Kingsway, DraperDragon, Republic and Kindred.

Fintech Entrepreneurship Capital of Kinara high Rs 380 crore (~$50 million) of Nuveen, a global investment manager and Triple Jump.

SaaS video editing startup VideoVerse raised $46.8 million from A91 Partners, Alpha Wave Global, Binny Bansal, Stride Ventures and others.

Fintech startup Financepeer raised $31 million from QED Investors, Aavishkaar Capital, Ardent Ventures, DMI Sparkle Fund, DMI, 9Unicorns, and others.

Education Technology Startup Newton School high $25 million from Steadview Capital, Nexus Venture Partners and RTP Global.

loop status high $25 million from General Catalyst, Elevation Capital and Optum Ventures.

Tech startup UrbanPiper raised $24 million from Sequoia Capital India, Tiger Global Management, Swiggy and Zomato.

Health technology startup Mylo raised $17 million from W Health Ventures, ITC, Endiya Partners, Riverwalk Holdings, Alteria Capital and Innoven Capital.

Trade finance startup Vayana Network raised Rs 114 crore (~$15 million) from IFC, PayU, Chiratae Ventures, March Capital, Marshall Wace, CDC Group and others.

Rigia platform for creators, influencers and celebrities raised $10 million of Accel India, Sequoia Capital India and Stellaris Venture Partners.

Agritech startup Eeki Foods high $6.5 million from General Catalyst, Avaana Capital and Best Capital.

Electric vehicle startup Prakriti E-mobility secured a leading investment from IEG Investment Banking Group as part of its $5 million Pre-Series A financing round.

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Edited by Saheli Sen Gupta

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