For Indian startups, one of the key features of 2022 was closed funding channels and a prolonged funding winter. Rising global inflation, macroeconomic challenges, and rising global interest rates have made investors hesitant to take chances in new companies.
The number of seed-stage deals in India, according to statistics from London-based investment data platform Preqin. It has decreased from 500 in 2021 to 396 in 2022. The same statistic shows that the amount invested by investors during the seed stage increased by 86%, from $805 million in 2021 to about $1.5 billion in 2022. The data show more investments are being made. But more companies needed more time to prepare to take the chance with their own money.
Indian startups such as fintech business KreditBee have secured a $120 million round led by Advent International, marking a positive new year for Indian companies. Meanwhile, rural household lender SarvaGram has secured his $35 million in Series C investment from Elevar Equity.
KreditBee, Credit-Based Indian Startup Receives $120 Million
KreditBee Receives $120 Million in New Funding Round. KreditBee, a credit-based fintech business. We have secured an additional investment of $120 million as part of our latest funding round. The company bought the size of the entire funding round he spent at $200 million. US-based private equity giant Advent International. The business announced Friday that it has contributed $100 million to the tranche, with other investors contributing another $20 million.
Lending startup SarvaGram closed its Series C with $35 million. Venture capital firm Elevar Equity led a $35 million Series C investment round. The round was for rural home-focused lender SarvaGram Solutions. Other investors in the round included Elevation Capital, Temasek, and TVS Capital Funds, according to the release.
SirionLabs’ total funding is $25 million. SirionLabs, a contract lifecycle management (CLM) company, announced that California-based private equity firm Brookfield Growth has committed $25 million to its Series D funding round.
ElectricPe raises $5 million
Neobank Jupiter has raised $12 million in venture debt. Neobank’s fintech firm Jupiter said Alteria Capital has pledged $12 million in customized venture loans totaling Rs 100 crore. The business said it will use the funds to expand its loan offerings.
EV charging startup ElectricPe raises $5 million: Green Frontier Capital, Bloom Ventures, and Myserio Fund. They led his $5 million funding round for electric vehicle (EV) charging company ElectricPe. Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus and Climate Angels participated in the investment round.
Gamified savings startup Fello raises $4 million: Fello, a gamified savings platform in Bengaluru. It secured $4 million in a recent investment round. US-based Courtside Ventures led the investment, including Entrepreneur First, Ycombinator, Kube Venture and Upsparks. Additionally, angel investors include Charlie Songhurst, Dafeng and Alan Rutledge. Co-founder of Cred, Groww, Lalit Keshre and more, he joined Kunal Shah in the round.