Over $340 million in funding raised by 28 startups last week, PharmEasy leads

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At least 28 startups in the country raised over $340 million in funding last week, with IPO-bound healthtech platform PharmEasy leading the list.

This included nine growth-stage deals and 12 early-stage deals. Seven early-stage startups did not disclose the amount raised, reports Entrackr.

Of the growth-stage deals, nine startups raised close to $311 million in funding last week. The largest round of funding was raised by PharmEasy, which secured $216 million in a round led by Manipal Education and Medical Group. Another IPO-bound healthtech startup Portea Medical secured $19.87 million via a rights issue.

PharmEasy was founded in 2015 by Dharmil Sheth, Dhaval Shah, Harsh Parekh, Siddharth Shah, and Hardik Dedhia.

Other startups such as Kinara Capital, EV charging network Charge Zone, and EV vehicle fleet platform Everest Fleet raised $24.4 million, $19 million, and $12.1 million, respectively.

The 12 early-stage startups raised $30.31 million last week. Agritech robotics firm Niqo Robotics secured the highest funding, followed by cross-border payments platform BRISKPE, computer vision SAAS company Assert AI, fixed income products platform Dexif, and no-code SaaS platform Plotline.

City-wise, Bengaluru-based startups led with nine deals followed by Delhi-NCR, Mumbai, Kolkata, Jaipur, Vadodara, Indore, and Hyderabad.

On a weekly basis, startup funding increased by 53.21 per cent to $341.5 million, compared to approximately $222.7 million raised during the April 22-27 week.

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