Mid-, late-stage deals lift funding activity

Funding momentum improved a tad in the second week of April, thanks to a bunch of mid- and late-stage deals struck by private equity and venture capital investors such as WestBridge Capital, ICICI Venture and Bessemer Venture Partners.

- Nitesh Kumar & Priyal Mahtta

The total value of PE and VC deals increased to about $310 million last week across 29 deals from the preceding week's $281 million across 31 transactions, according to data collated by VCCircle.

In the largest transaction announced in the five-day period, Bengaluru-based fintech firm Juspay secured about ₹515 crore ($60 million) in a round led by Kedaara Capital alongside existing investors SoftBank and Accel that also joined the Series D round.