Indian Startups Monthly Funding Report - February

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Indian Startups Monthly Funding Report - February
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Funding Highlights
Indian startups raised up nearly 900 mn across
121 deals in February, as per data compiled
by TheKredible. This included 25 growth-stage
deals worth 585 million and 83 early-stage deals
amounting to 313.5 million. There were 13
undisclosed rounds.
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Month-on-Month trend
February registered a modest jump in funding
from 732.7 million in January. Even on a
year-on-year basis, February 2024 surpassed
the February 2023 funding mark of 845 million.
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Top Growth Stage Deals
Flipkart-backed Shadowfax topped the charts
with 100 mn in a Series E funding. SaaS firm
Capillary Technologies saw 95 mn in funding in
2nd round.  Other funding rounds in the growth
stage were below 50 mn which included EV startup
River, Kushals Captain Fresh.
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Stage-Wise Deals
Series-wise, Seed and Series A startup funding
deals co-led the list with 33 deals each during
February. Pre-Seed and Pre-Series A deals stood
at 12 and 10, respectively. Among growth stage
deals, Series B, Series C, Series D, and Series F
are next on the list while as many as 10 startups
raised debt funding during the month.
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Mergers and Acquisitions
February witnessed 12 mergers and acquisitions
deals. Acquisition of investing platform Kuvera
by CRED, LotusPay by Juspay, cybersecurity
startup Difenz by Signzy, gaming firm Ninja
Global FZCO by Nodwin, and seafood platform
CenSea by Captain Fresh were some of the notable
deals during the period. In comparison, January
saw nine mergers and acquisitions deals. 
Conclusion
It might be early signs, but we would venture to
say that the situation is actually improving
steadily, as over a year of relatively tough
market conditions have ensured a higher focus on
resilience in startups. A booming stock market
has also meant that amidst all the gloom of a
shrinking job market, investible funds do exist
for the right idea, and newer segments like
Proptech that are riding the real estate boom are
set to make a splash with a few big deals sooner
than later.  Read the complete information HERE