Venture capital firms and angel investors backed nearly four dozen Indian startups this week, shelling out around $700 million in the process, data compiled by The Capital Quest shows.
The amount and the number of startups getting funded is a tad lower than the average in the last couple of months due to a lack of big-ticket deals in the middle to late stages ($150 million plus). Still, VC firms did sign some notable large cheques.
In the mid-late stage, there were five transactions sized $50 million or more. These involved ed-tech firm LEAD, Curefoods, Refyne, OneCard and TheMathCompany. QED Investors figured in two of those deals.
In the early stage, a bunch of investors struck more than one transaction, either as lead or as a follow-up investment in an existing portfolio company.
Better Capital, Axilor, Accel, Blume Ventures, Lightbox, Capital A cut new cheques in either seed to Series A level or even in the mid-stage VC funding stage.
In total, there were six Series A deals and another half a dozen in the pre-Series A or pre-Series B stages. The remaining 20-odd early-stage deals were pre-seed, seed or venture debt rounds.