From Niro To HerKey — Indian Startups Raised $41 Mn This Week

From Niro To HerKey — Indian Startups Raised $41 Mn This Week

SUMMARY

The month of April is ending on a despondent note with mere $41 Mn funding across 16 deals

Fintech startup Niro raised $11 Mn in a mix of debt and equity round from Elevar Equity, GMO Venture Partners, Rebright Partners, among others

Edtech soonicorn BrightCHAMPS marked its third acquisition with the acquisition of Metamorphosis Edu in a cash and stock deal

The month of April is ending on a despondent note in raising funds. Between April 24 and April 29 2023, Indian startups have merely raised $41 Mn across 16 deals. 

This is a 38.6% decline from $66.8 Mn raised by nine startups between April 17 and April 22, 2023. 

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