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funding

Funding and acquisition in Indian startups this week [18 Apr-23 Apr]

funding

This week 37 Indian startups raised funding of which 30 received a total of about $564.44 million. CoinDCX raised the highest funding of about $135 million, followed by which raised $120 million. Last week, 37 homegrown startups raised funding worth about $806.21 million.   

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

Growth/late-stage deals 

This week, 10 growth and late-stage startups have scooped up funds which include CoinDCX’s $135 million round, Rario’s $120 million Series A round, and VideoVerse’s $46.8 million round. B2B e-commerce platform Udaan did not disclose its deal size.

funding
Vedansh Pratap | Entrackr

 

Details of the 37 funding rounds can be found here.

Early-stage deals 

In the early-stage deals, 27 startups have raised funds which also include six undisclosed rounds. Cricket NFT startup Rario and fintech startup Recur Club were on top of the list with a $120 million round and $30 million respectively. The list also includes SaaS startup Everstage and content creator platform Rigi.

Undisclosed deals 

Wellbeing Nutrition,  OneImpact, Wholsum Foods, Udaan,  Fabrik,  and GreenSat did not disclose their financial details. 

City and segment-wise fundings 

This week Delhi-NCR and Bengaluru were on top in terms of the number of startup deals and the amount raised by them. According to Fintrackr’s data, 11 Delhi-NCR-based startups have raised funds this week amounting to $188.3 million or $33.36% of the total funding. During the week, Bengaluru-based startups raised $155.45 million across 11 deals, followed by Mumbai, Pune and Chennai with 6,3 and 2 deals respectively.

funding
Vedansh Pratap | Entrackr

 

Fintech and SaaS startups were the top segment in terms of the number of deals as startups in this space raised $80.32 million and $61 million respectively across 5 deals each. Crypto, B2B e-commerce, Foodtech and D2C brands were next on the list. 

Acquisitions this week

The week two acquisitions. The list includes the acquisition of GlowRoad by Amazon and TribeVibe by BookMyShow.

Vedansh Pratap | Entrackr

 

*Back next week with another deal roundup

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