Funding and acquisitions in Indian startups this week [28 Feb- 05 Mar]

This week 41 Indian startups raised funding, of which 36 received a total of about $402 million.Apollo.io raised the highest funding of about $110 million, followed by Pocket FM and Atlan which raised $65 million and $50 million respectively. Last week, 42 homegrown startups raised funds worth around $702 million.

Meanwhile, the funding of five of the total funded startups remained undisclosed this week.

Growth/late-stage deals

This week, Only four growth and late-stage startups have scooped up funds which include Apollo.io’s $110 million Series C round, Pocket FM’s $65 million Series C round and Atlan’s $50 million Series B round.

Details of the 41 funding rounds can be found here.

Early-stage deals

In the early-stage deals, 37 startups have raised funds which also include 5 undisclosed rounds. Volopay, a Singapore and Bengaluru-based corporate cards provider and expense management startup, was on top of the list with $29 million Series A round. The list also includes edtech startup Filo, education focused fintech startup Kuhoo, fashion supply chain platform Locofast and full-stack supply chain, warehousing, and logistics startup Prozo.

Undisclosed deals

HairVeda, EYWAMEDIA, QPe, Bonsaro, and Chhotastock,  

City and segment-wise fundings

Bengaluru-based startups were on top in terms of the number of deals and amount raised. According to Fintrackr’s data, 12 Bengaluru-based startups have raised funds this week amounting to $233 million or 58% of the total funding. During the week, Delhi-NCR based startups raised $110 million across 11 deals followed by Mumbai with $46.35 million across 11 deals.

Fintech was the top segment in terms of the number of deals as 9 startups in this space raised $71 million. SaaS, D2C brands, healthtech and edtech were the next on the list in terms of the number of deals. 

Acquisitions this week

The week saw six acquisitions. The acquisition of online learning platform AppliedRoots for $50 million and Uvik Technologies by Infibeam for $10 milion were two disclosed deals on the list.

ESOP buybacks this week

Apart from fundraising and acquisitions, the week also saw only one ESOP buybacks i.e. Jupiter’s $4 million worth ESOP liquidity program.

*Back next week with another deal roundup