[Funding Galore] From OneCard To VeGrow — $448 Mn Raised By Indian Startups This Week

[Funding Galore] From OneCard To VeGrow — $448 Mn Raised By Indian Startups This Week

SUMMARY

The Indian startup ecosystem has raised around $448 Mn across 30 deals between July 11 and 16, 2022

The week saw LifeCell acquiring troubled telemedicine startup MFine to create a new entity LifeWell

In this week, two startups turned unicorn – fintech startup OneCard, and Blockchain startup 5ire

After a bitter start to the month, the second week of July saw a major uptick in the funding amount. Between July 11 and 16, the Indian startup ecosystem has managed to raise $448 Mn across 30 deals. This is a 286% increase from $116 Mn that Indian startups raised last week across 24 deals.

The week further saw two new entrants to the unicorn club. While fintech unicorn OneCard touched $1.25 Bn in valuation after raising $100 Mn, blockchain startup 5ire entered the unicorn club with its Series A round of $100 Mn.

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