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[Weekly funding roundup] Venture investments in startups continue to grow

Although it started slow, the month of May has ended well for the Indian startup ecosystem after the total venture funding reached a three-figure mark. 

The last week of the month recorded a venture funding of $403 million as compared to $285 million in the previous week.

There were 16 venture deals during the week, with early-stage investments accounting for 12 transactions, followed by three in the growth stage and one in late.

Fintech startup Zeta raised $250 million in a Series C funding round from Softbank Vision Fund 2, at a valuation of $1.45 billion becoming the latest entrant in the unicorn club. 

FarEye raised $100 million in Series E round led by TCV and Dragoneer Investment Group, along with participation from existing investors. 

Microblogging startup Koo raised $30 million in a Series B funding round led by Tiger Global with participation from IIFL and Mirae Assets.

Fintech startup Kodo raised $8.75 million in a seed round from Brex, Goat Capital, Pioneer Fund, and other Silicon Valley investors.

Get My Parking (GMP) raised funds in a round led by IvyCap Ventures, along with participation from existing investors. 

Matrimonial app, Betterhalf.ai, raised $3 million in a pre-Series A round from S2 Capital, Quiet Capital, and other angel investors. 

FarMart, an agritech startup raised $2.4 million in a pre-Series A round led by Omidyar Network India and Avaana Capital. 

Edtech startup Tekie raised $1.5 million in seed round co-led by GSV Ventures and Multiply Ventures. 

IIT Delhi-backed Clensta raised Rs 5 crore from N+1 Capital. 

Salon-focused Glamplus raised Rs 2 crore in a pre-Series A round led by Inflection Point Ventures. 

Mentoria, a career discovery platform, raised Rs 1.5 crore in a pre-Series A funding round from Indian Angel Network (IAN). 

Cuvette Tech, an internship-focused startup, raised $180,000 in a seed round led by Titan Capital and other angel investors. 

Scenes by Avalon raised an undisclosed amount in pre-Series A funding round from angel investors and VC firms. 

Rezo.ai raised an undisclosed seed round led by Modulor Capital, Dexter Angel Network, Veda, and angel investors. 

Polygon, a blockchain-tech startup, raised undisclosed funding from US-based tech billionaire and serial startup investor Mark Cuban. 

LegalPay raised an undisclosed seed round from 9Unicorns, LetsVenture, and angel investors. 

Voice intelligence and AI assistant provider Fireflies raised $14 million in a Series A funding round led by Khosla Ventures and Canaan Partners. 

Atlan, a tech startup, raised $16 million Series A funding led by Insight Partners and other angel investors. 

Sentieo, the US and India-based fintech startup raised $20 million in Series B round from Ten Coves Capital, along with participation from existing investors. 

Conversational tech startup, Yalo raised $50 million in a Series C round led by existing venture investor B Capital Group.

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

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