[Funding Galore] From EarlySalary To Servify— $333 Mn Raised By Indian Startups This Week

[Funding Galore] From EarlySalary To Servify— $333 Mn Raised By Indian Startups This Week

SUMMARY

The Indian startup ecosystem has raised around $333 Mn across 30 deals between August 22 and 27, 2022

The week saw edtech startup BrightCHAMPS acquiring Singapore- based kids live-learning platform, Schola

Online pharmacy giant PharmEasy has stalled its IPO plan as it has withdrawn its DRHP from SEBI amid market volatility

The last week of August is ending on a higher note after witnessing a significant drop in funding in the previous week. Between August 22 and 27, the startup fraternity has managed to raise $333 Mn across 30 deals. This is an 80% jump from the previous week when the ecosystem raised $185 Mn across 23 deals.

Further, the week did not see any mega funding round or any new unicorn being minted.  Most active investor of this week was Kunal Shah who had invested in three deals.

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