This week 27 Indian startups raised funding, of which 22 received a total of about $955.14 million. Dailyhunt’s parent VerSe Innovation alone mopped up $805 million, followed by IndiQube and 1K Kirana Bazaar which raised $30 million and $25 million respectively. Last week, 33 homegrown startups raised funding worth about $688.11 million.
Meanwhile, the funding of five of the total funded startups remained undisclosed.
This week, 4 growth and late-stage startups have scooped up funds which include VerSe Innovation’s Series J round worth $805 million, IndiQube’s $30 million round and 1K Kirana Bazaar’s $25 million Series B round.
Details of the 27 funding rounds can be found here.
In the early-stage deals, 23 startups have raised funds which also include five undisclosed rounds. Fintech startup Vested Finance was on top of the list with a $12 million Series A round. The list also includes live video and audio calling startup Dyte, Healthtech startup Doceree, D2C brand Phool.co.
Deluxe Recycking, WorkIndia, Dawaa Dost, rises.ai, and Curefoods did not disclose their financial details.
City and segment-wise fundings
This week Bengaluru was 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 $866.54 million or $90.72% of the total funding. During the week, Mumbai-based startups raised $41.9 million across 8 deals, followed by Delhi-NCR’s 5. Pune, Jaipur and Kanpur recorded 1 deal each.
Fintech startups were the top segment in terms of the number of deals as 4 startups in this space raised $37.5 million. Healthtech, SaaS and D2C brands were next on the list.
Acquisitions this week
The week saw four acquisitions. The list includes the acquisition of Valuationary by Raise Financial Services, Active.AI by Gupshup, BookMyForex by TripMoney, and Smoor by Rebel Foods.
*Back next week with another deal roundup