Round Up: Top 5 Indian Startup Funding Deals in Feb’ 2022

Indian Startup Funding deals in early in the Month of February 2022 has been sluggish. The first week of February Indian startups has secured funding in the $100 million-plus range, unlike the last week of January where the funding ticket sizes were larger.

February saw total funding of $155 million across 20 deals. While in the last week of January, the capital inflow into startups was $1.5 billion.

During the week, the majority of the venture funding deals were in the early-stage category, accounting for 17 transactions with the remaining in the growth segment.

The lower funding amount for the first week of February is probably a minor blip as the month of January witnessed a total venture fund inflow of $2.8 billion. 

Indian Startup Funding Deals in Feb 2022 is sluggish compared to January where $1.5 Billion was raised

Roundup Indian Startup Funding
Indian Startup Funding in Feb 2022 is sluggish versus Jan 2022

Given the various conversations around the boom in the Startup India ecosystem, many Indian startups Funding took startups in the Unicorn category, with some of them likely to get into the unicorn status.

Though, at the same time, some of the leading figures from the VC world believe that startups need to focus more on business metrics and less on valuations. The expectation is that there would lesser capital available for investment this year as governments across the world look at restricting the supply of money into the economy. This may have a bearing on the funding momentum for startups.

Deals of the week

Edtech startup Scaler raised $55 million from Lightrock India, Sequoia Capital India, and Tiger Global.

Logistics startup Loadshare raised $40 million from Tiger Global, Filter Capital, 57 Stars, CDC Group, and Matrix Partners India.

Fintech startup Jar raised $32 million from Tiger Global,, Third Prime, Stonks, Force Ventures, Arkam Ventures, and WEH Ventures.

Wealth advisory firm Waterfield Advisors raised $6 million from family offices, ultra-high net worth individuals, and existing investors.

Mobile game development studio Nautilus Mobile raised $5.4 million led by KRAFTON.

Gupshup, a conversational messaging-tech company acquired Knowlarity Communications, a cloud communications startup.

National Startup Award 2022 Announced : Identifying and Celebrating Innovations across 17 sectors, 50 sub-sectors and 7 special categories

Round Up: Top 5 Indian Startup Funding Deals in Feb' 2022

In line with Azadi Ka Amrit Mahotsav, National Startup Awards 2022 will acknowledge startups and enablers who have been instrumental in revolutionising the development story of India and hold within them the power and potential to enable Prime Minister Modi’s vision of activating India 2.0, fueled by the spirit of Atmanirbhar Bharat.

Details of Awards
➢ Prize
Following prizes that shall be awarded to Startups, Incubators, and Accelerators
I. A cash prize of INR 5 lakhs shall be awarded to one winning startup in each of the subsectors.
II. The winner and the finalists shall be given the opportunity to present their solutions to
relevant public authorities and corporates for potential pilot projects and work-orders
III. The winners and finalists shall be given priority for participation in various national and
international startup events sponsored by DPIIT
A cash prize of INR 15 lakhs shall be awarded to one winning Incubator
A cash prize of INR 15 lakhs shall be awarded to one winning Accelerator
➢ Eligibility Criteria
I. The startup should be a DPIIT recognized startup. The entity must submit their certificate of
incorporation or partnership deed.
II. The entity must have a hardware or software product or a process solution that is present in
the market.
III. The entity must have all applicable trade trade-specific registrations (example: CE, FSSAI,
MSME, GST Registration, etc.
IV. There should not have been any default in the last three years (FY 2018-19, 19-20, 20-21)
by the entity or any of its promoters or any of their group entities
V. In case your startup is less than 3 years old, please upload all available financial statements.
Startups which are less than a year old and do not have audited financials, will be exempt
from this requirement. In case of non-availability of audited financials for FY 20-21,
provisional statements issued by chartered accountant may be provided.
I. The incubator should be structured as an independent entity – a company, a public trust, or
a society.
II. The incubator should be operational at least for two years as on 1st January 2022.
III. The incubator must have successfully graduated a minimum of 15 startups.
I. The accelerator should be structured as an independent entity-a Company, a Public trust or
a Society.
II. The accelerator should be operational at least for two years as on 1st January 2022.
III. The accelerator must have successfully graduated a minimum of 10 startups.

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