
As the third quarter began in October, the funding taps remained dry for new-age tech startups in the first week of the month, with only $86.5 million being pumped into the ecosystem, according to data provided by market intelligence firm Tracxn. The amount of investments pumped into the startup ecosystem, including last week's $80 million across 22 rounds, were up 8% from last week's $80 million. Bizongo raised nearly $50 million from its current investors in the Series-E funding round, led by Schroder Adveq, a private equity firm based in Zurich. The funds have been raised at a valuation of $980 million. The round included participation by US-based venture firm Union Square Ventures, early-stage venture capital company Prime Venture Partners, and the Investment Trust of India-backed ITIGO Funds. Aampe has raised $7.5 million in seed funding, part of a fresh funding round, led by Matrix Partners India and Peak XV Partners. The round also included participation from banking and fintech leaders such as Sunil Gulati and Nikhil Kumar, the company said in a statement. Induced, an artificial intelligence startup, was formerly Sequoia Capital India & SEA. The startup has raised $2.3 million through a seed funding round, led by ChatGPT maker OpenAI's CEO Sam Altman and Indian venture capital fund Peak XV Partners.