[Weekly funding roundup Nov 21-25] Venture capital inflow falls by 35%
The dip in venture capital funding was largely due to the absence of large deals and a general slowdown during this period as the year comes to a close.
The venture capital inflow into Indian startups for the fourth week of November dipped by 35% given the absence of large deals and coupled with the fact that the year is coming to a close where things slowed down.
The total funding during the week stood at $175 million cutting across 20 deals. In comparison, the previous week saw an inflow of $267 million.
The slowdown in venture capital funding has been visible for quite some time now on a weekly basis as the amount raised has been in the range of $200 million. It is expected that this trend is likely to continue for another quarter at least.
![Funding trends](https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/funding-trends-1669386177664.png?fm=png&auto=format&w=800)
This environment could also lead to increased merger and acquisition activity as those startups which are struggling to raise the required capital may become potential targets for stronger companies in a similar line of business.
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Bira91 has raised $70 million in Series D funding from Japan's Kirin Holdings. The deal takes Kirin's shareholding in the company to nearly 20% from its earlier 10%.
Celebal Technologies, a software service company, raised $32 million from Norwest Venture Partners, the first institutional investment in the company.
![funding top3](https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/funding-top-3-1669386336472.jpg?fm=png&auto=format&w=800)
Fintech startup IndiaGold closed its Series A funding round at $22 million from Alpha Wave, 3one4 Capital, PayU, Leo Capital and Better Tomorrow Ventures.
Sukoon Healthcare, the hospital focused on psychiatry services, has raised $15 million from Lightrock India.
ProcMart, a Noida-based B2B procurement marketplace raised $10 million in a Series A round of funding led by Sixth Sense Ventures.
![funding stage wise](https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/funding-stage-1669386575028.jpg?fm=png&auto=format&w=800)
Koo App raised $6.3 million from Tiger Global, Accel Partners, Kalaari Capital, 3one4 Capital, and Dream Incubator (DI).
D2C brand Rapidbox raised $4.5 million from SIG Venture Capital, Tanglin Venture Partners, India Quotient, and Ananya Goenka.