The Indian startup ecosystem has raised around $189 Mn across 29 deals between July 18 and 23, 2022
The week saw edtech unicorn UpGrad acquiring Harappa Education for $38 Mn
This week also reported IPO-bound PharmEasy to raise $200 Mn at a 15%-25% discounted valuation
After a slight uptick in funding in the second week of July, the funding has dropped again. Between July 18 and 23, the startup ecosystem has managed to raise a mere $189 Mn across 29 deals. This is a 58% drop from $448 Mn that the ecosystem raised the previous week across 30 deals.
The week did not witness any mega round or any new unicorn being minted.