This week 38 Indian startups raised funding, of which 25 received a total of about $600 million. Oxyzo raised the highest funding of about $200 million, followed by CommerceIQ and FanCraze which raised $115 million and $100 million respectively. Last week, 21 homegrown startups raised funding worth about $428.1 million.
Meanwhile, the funding of 12 of the total funded startups remained undisclosed.
Growth/late-stage deals
This week, eight growth and late-stage startups have scooped up funds which include Oxyzo’s unicorn round of $200 million, CommerceIQ’s $115 million and FanCraze’s $100 million round.
Details of the 38 funding rounds can be found here.
Early-stage deals
In the early-stage deals, 18 startups have raised funds which also include 12 undisclosed rounds. Fintech startup Rupifi was on top of the list with a $8 million debt round. The list also includes SaaS startup Aquaconnect, fintech startup Credilio, proptech startup iSprout and DeFi protocol Struct Finance.
Undisclosed deals
PedalStart, Stack Finance, Rage Coffee, Stage3, Praan, Plutoverse, Fast&Up, MOPP Foods, Blu-Smart, BigHaat, Loan Tap, and PickYourTrail did not disclose their financial details.
City and segment-wise fundings
Interestingly, this week Delhi-NCR was on top in terms of the number of startup deals and the amount raised by them. According to Fintrackr’s data, 13 Delhi-NCR-based startups have raised funds this week amounting to $296.7 million or $61.04% of the total funding. During the week, Bengaluru-based startups raised $167.7 million across 11 deals, followed by Mumbai, Chennai, Hyderabad and Pune with 6, 3, 2 and 1 deal respectively.
D2C brands were the top segment in terms of the number of deals as 8 startups in this space raised $40.48 million. Fintech, healthtech and SaaS were next on the list.
Acquisitions this week
The week saw five acquisitions. The list includes the acquisition of Gambit Sports by Glance, Integration Wizards by SparkCognition, Clean Slate by Bizongo, Tinystep by BabyChakra and Explorium by PhonePe.
ESOP buybacks this week
Apart from fundraising and acquisitions, the week also saw two ESOP buyback announcements including cloud kitchen startup Rebel Foods and crypto unicorn CoinSwitch Kuber which will buy back ESOP worth $10 million and $2.5 million respectively.
*Back next week with another deal roundup
