Funding and acquisitions in Indian startups this week [07 Mar-12 Mar]

This week 32 Indian startups raised funding, of which 26 received a total of about $1858.59 or $1.85 billion. Byju’s alone raised $800 million, followed by Eruditus and CredAvenue which raised $350 million and $137 million respectively. Last week, 41 homegrown startups raised funds worth around $402 million.

Meanwhile, the funding of six of the total funded startups remained undisclosed.

Growth/late-stage deals

This week, 13 growth and late-stage startups have scooped up funds which include Byju’s $800 million round, Eruditus’ $350 million debt round and CredAvenue’s $137 million unicorn round and BlinkIt’s (formerly Grofers) $100 million round.

Details of the 32 funding rounds can be found here.

Early-stage deals

In the early-stage deals, 19 startups have raised funds which also include 5 undisclosed rounds. Game streaming platform Loco was on top of the list with a $42 million Series A round. The list also includes live video infrastructure startup 100ms, healthtech startup DeepTek, beauty and personal care brand CureSkin, and fintech startup CredoPay.

Undisclosed deals

Ikonz, Adyaway, Blue Tokai,  Data Science Wizards, SustainKart, HooLiv.   

City and segment-wise fundings

Bengaluru was once again on top in terms of the number of startup deals and the amount raised by them. According to Fintrackr’s data, 11 Bengaluru-based startups have raised funds this week amounting to $1.02 billion or 55% of the total funding. During the week, Delhi-NCR based startups raised $234 million across 8 deals whereas Mumbai-based startups raised $441 million across 5 deals.

Fintech was the top segment in terms of the number of deals as 4 startups in this space raised $247 million. However, edtech startups scooped up $1.15 billion across three deals.

Acquisitions this week

The week saw five acquisitions. The acquisition of PayReview by enterprise HR tech startup PeopleStrong, Tecxprt by fresh produce supply chain company Ninjacart, a majority stake in dating app Aisle by Info Edge were notable acquisitions this week.

ESOP buybacks this week

Apart from fundraising and acquisitions, the week saw a couple of ESOP buybacks including SaaS startup Fleetx.io and asset management platform Krital.ai. According to Fintrackr’s data over one dozen Indian startups have announced ESOP buyback or liquidity programs in the ongoing calendar year.

*Back next week with another deal roundup