Startup Funding Round up March 2022: The Indian startup ecosystem has had a bleak month in March 2022, with venture capital inflows remaining low and showing little signs of improving anytime soon.
Venture capital funding totaled $288 million in the penultimate week of the month, down from $339 million the week before. The emergence of Oxyzo as the latest unicorn from India’s startup ecosystem was the sole high point of the week.
Startup Funding Round Up: 5 Startups that raised funding in March 2022
- Oxyzo, a fintech startup raised $200 million from Alpha Wave, Tiger Global, Norwest Venture Partners, Matrix Partners, and Creation Investments at a valuation of $1 billion.
- Vegan skincare brand Plum raised $35 million from A91 Partners, Unilever Ventures, and Faering Capital.
- Edtech startup Leverage Edu raised $22 million from a consortium of funds, family offices, and angel investors as part of its Series B round of funding.
- Aquaconnect, the tech-driven aquaculture-focused startup raised Rs 60 crore in venture debt round of funding led by Trifecta Capital.
- Cab aggregator Ola has acquired Avail Finance, a fintech startup as the former looks to build a financial services business.
