ETtech Deals Digest: Rapido, Medikabazaar, Itilite raise funds : Rashtra News #ETtech #Deals #Digest #Rapido #Medikabazaar #Itilite #raise #funds Bike and auto taxi aggregator Rapido, business-to-business (B2B) medical supply platform Medikabazaar and travel and expense (T&E) management software-as-a-service (Saas) platform Itilite were among the startups that raised funds this week. Swiggy leads $180 million funding
Startups witness a shift in investment trends. Domestic investors, family offices, and public market investors like ValueQuest and Singularity Ventures actively back ventures. Investment landscape changes as global funds retreat, and founders turn to investment banks for funding.
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.
Traya has a range of products to treat issues like hair loss. Before this, the startup has raised about $3 million from investors like Fireside Ventures, Stride Ventures, Kae Capital and Whiteboard Capital.
The Indian tech startup ecosystem saw a decline in venture capital funding during the first three months of 2024, reversing the moderate growth in funding over the previous three quarters, data from Tracxn shows.