Funding and acquisitions in Indian startups this week [02 May-07 May]

This week, 29 Indian startups raised funding, of which 24 received a total of about $676.2 million. Zepto raised the highest funding of about $200 million, followed by Absolute and Redcliffe which raised $100 million and $61 million respectively. Last week, 43 homegrown startups raised funding worth about $329.5 million.   

Meanwhile, the funding of five 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 Zepto’s $200 million round, Absolute’s $100 million Series B round, and Redcliffe’s $61 million round.

Details of the 29 funding rounds can be found here.

Early-stage deals 

In the early-stage deals, 19 startups have raised funds which also include five undisclosed rounds. SaaS startup Toplyne and Fibre broadband provider Excitel were on top of the list with a $15 million round and $11.5 million respectively. The list also includes thrasio-type startup Evenflow and AI startup BarRaiser.

Undisclosed deals  

Hike, Truscholar, Texperia, Garuda Aerospace, and BHIVE 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, 13 Bengaluru-based startups have raised funds this week amounting to $268.2 million or 39.66 % of the total funding. During the week, Chennai and Mumbai-based startups raised $45.7 million and $247 million respectively across 5 deals each, followed by Delhi-NCR, Ahmedabad and Pune with 4,1 and 1 deal respectively.

SaaS and Healthtech startups were the top segment in terms of the number of deals as startups in this space raised $45.6 and $78.3 million across 4 deals each. AI, fintech, foodtech and Blockchain startups were next on the list. 

Acquisitions this week

The week three acquisitions. The list includes the acquisition of INSOFE by upGrad, SectorQube by Openapp and CropTrails by SatSure.

 *Back next week with another deal roundup