The venture investments for the first week of June totaled $326 million, spread across 24 transactions, compared to $191 million in the previous week’s comparable period. When the expected $300 million infusion into ShareChat is factored in, the total funding this week far exceeds expectations.
The noteworthy deals during the first week of June were largely from the startups on way to become unicorn, which were in the $50 million and below range.
Despite the fact that June began on a high note, the mood remains cautious, and startups have begun cutting costs in response to the prevailing macroeconomic uncertainties.
Venture Investments Outperform in June 2022
Google-backed math learning startup CueMath raised $57 million led by Alpha Wave Global at a valuation of $407 million.
D2C brand SUGAR Cosmetics raised $50 million from L Catterton, A91 Partners, Elevation Capital, and India Quotient.
Short video app ShareChat raised nearly $300 million in funding from Google, Times Group, and Temasek Holdings, Reuters reported. The deal values the company at $5 billion.
Fintech unicorn Slice raised $50 million from Tiger Global, Moore Strategic Ventures, Insight Partners, and GMO VenturePartners.
Cloud kitchen startup Curefoods raised $50 million from Winter Capital, Three State Capital, Chiratae Ventures, Accel, Iron Pillar, and others.
Fintech startup StrideOne raised Rs 250 crore (over $32 million) in a mix of equity and debt led by Elevar Equity.
Healthcare startup Orange Health raised $25 million from Bertelsmann India, General Catalyst, Accel, Y Combinator, Good Capital, and others.
Alternative data platform for investors Synaptic raised $20 million in a Series B round of funding led by Valor Equity Partners.
Live video streaming platform Eloelo raised $13 million from KB Investments, Kalaari Capital, WaterBridge Ventures, and Lumikai Fund.
Spacetech startup Bellatrix Aerospace raised $8 million from BASF Venture Capital, Inflexor Ventures, StartupXseed, Pavestone Capital, and others.
Agritech startup Nutrifresh raised $5 million from a group of angel investors—Theodore Cleary, Sandiip Bhammer, Sky Kurtz, Mathew Cyriac, and others.
