Accordingly, deal density in the latest week went down to about $3 million per deal. During March 30 to April 5, 2023, startups had raised about $5 million per deal.
Funding was down sequentially as well, from $215 million across 33 funding rounds in the previous week.
Of the total corpus raised this week, marketing software startup SingleInterface accounted for about 57%. It raised $30 million in its first external funding round from investors led by Asia Partners.
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Early-stage startups commanded about 74%, raising $39 million. Seed-stage startups raised $9 million, accounting for 17%, while late-stage startups held only about 9% with a $4.8 million round at payment software maker Innoviti Technologies.
Top deals:
SingleInterface: The Gurugram-based company raised $30 million to develop its product and expand across Southeast Asia and in newer markets such as Japan and Australia.
Traya Health: The hair-loss solutions startup raised $8.9 million in equity funding from Mumbai-based private equity fund Xponentia Capital.
Innoviti: The payments-focussed retail software-as-a-service platform raised $4.7 million, in the first close of an ongoing Series E round.
5th Scape: The virtual reality-based social platform raised $2.5 million from undisclosed investors.
WIFY: The provider of furniture installation services to home improvement brands raised $2 million from existing investor Capria Ventures.
