Weekly Funding Roundup – Startups That Got Lucky This Week!
According to a latest report published by CB Insights and KPMG last week, Q3 saw VC-backed funding, down14 percent and $24.1 billion invested across 1,983 deals globally, representing a very slight deal increase from the previous quarter.
However, India on the other hand had reasons to cheer! The third quarter saw stability return to the funding environment. Domains like fintech, heath-tech, and other consumer tech areas have received the warmth of investor support.
"The investment environment in India is becoming stable with clearer business models emerging in the startup ecosystem," says Partner, E-Commerce and Startups at KPMG, Sreedhar Prasad. "Though the speed of investments have not increased, we see a clear interest by investors in the payments space as well as in the health-tech sector," he added.
This week saw stocks of major technology giants like Infosys and Tata Consultancy tumble, an interesting mix lot of technology-based startups managed to receive investors’ support.
Vernacular news aggregator DailyHunt raised $25 million of fresh funds from Chinese content provider ByteDance. News-based startup Newspatrolling.com has raised $1.5 million amount of seed funding from an undisclosed investor on Friday.
Bengaluru-based women’s health app Maya, raised an undisclosed round of funds from Rajan Anandan, vice-president, Google, Southeast Asia and India.
Postman, the platform that helps developers build, test, document, and share their APIs at a faster pace, raised $7 million in funding from Nexus Venture Partners.
Adventure travel startup Deyor Adventures, which owns and operates camp site aggregator Deyor Campus, has raised $500,000 from a bunch of early-stage investors.
U.S. private equity giant KKR via its pan-Asia investment platform Emerald Media decided to pump in $50 million of investments in YuppTV, a home-grown content provider for the India diaspora which provides content provider for South Asian Content, as live TV, Catch-up TV, and Unlimited Movies
Indian Oil Corp has launched a Rs. 30 crore fund to promote startups and hone innovation in the oil and gas sector.