Overview
This week 42 Indian startups raised funding, of which 38 received a total of about $702 million. Medibuddy raised the highest funding of about $125 million, followed by Hasura and Niyo which raised $100 million each. Last week, 38 homegrown startups raised funds worth around $797 million.
Meanwhile, the funding of four of the total funded startups remained undisclosed this week.
Growth/late-stage deals
This week, 19 growth and late-stage startups have scooped up funds which include Medibuddy’s $125 million, Hasura’s $100 million unicorn round and neo banking platform Niyo’s $100 million round.
The list also includes fintech startup Perfio’s $70 million round. While media reports claim that it has raised the fresh funds at unicorn valuation, Fintrackr’s estimates showed that the Bengaluru-based startup picked up the new round at around $400 million valuation.
Details of the 42 funding rounds can be found here.
Early-stage deals
In the early-stage deals, 23 startups have raised funds which also include 4 undisclosed rounds. Millet-based food startup Wholsum Foods, agritech startup Krishify and former Twitter India chief’s startup Invact Metaversity are some of the top deals in the early stage.
Undisclosed deals
CerifyMe, Finarkein, StockDaddy and Royal Brothers.
City and segment-wise fundings
Once again, Bengaluru-based startups were on top in terms of number of deals and amount raised. According to Fintrackr’s data, 22 Bengaluru-based startups have raised funds this week amounting to $564 million or 80% of the total funding. During the week, Delhi-NCR based startups raised $66 million across 11 deals followed by Mumbai, Chennai and Hyderabad with 6, 2 and 1 deals respectively.
SaaS was the top segment in terms of the number of deals as 8 startups in this space raised $183 million. Edtech, fintech, D2C brands and EV were the next on the list in terms of the number of deals.
Acquisitions this week
The week saw five acquisitions. The acquisition of edtech startup Superset by Byju’s-owned Great Learning, Psyight by grocery major BigBasket and GramworkX by agritech company Waycool were some of the notable deals this week.
ESOP buybacks this week
Apart from fundraising and acquisitions, the week also saw a couple of ESOP buybacks including Cars24’s $10 million worth ESOP liquidity program and agritech startup Gramophone’s $2 million worth ESOP buyback.
*Back next week with another deal roundup
