Funding and acquisitions in Indian startups this week [16 May-21 May]

This week, 28 Indian startups raised funding, of which 24 received a total of about $438.07 million. GreyOrange raised the highest funding of about $110 million, followed by Fashinza and Neso Brands which raised $100 million each. Last week, 39 homegrown startups raised funding worth about $395.7 million.   

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

Growth/late-stage deals 

This week, 7 growth and late-stage startups have scooped up funds which include GreyOrange’s $110 million round, Fashinza’s $100 million round and Melorra’s $16 million Series D round. 

Details of the 28 funding rounds can be found here.

Early-stage deals 

In the early-stage deals, 21 startups have raised funds which also include four undisclosed rounds. E-commerce roll-up Neso Brands was on top of the list with a $100 million seed round and. The list also includes fintech startups Wint Wealth and Coinshift.

Undisclosed deals   

FlexC, WOW Skin Science, HealthySure, and BHIVE Group, 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, 12 Bengaluru-based startups have raised funds this week amounting to $94.35 million or 21.54 % of the total funding. During the week, Delhi-NCR and Mumbai-based startups raised $316.95 million and $14.5 million respectively across 8 and 5 deals respectively, followed by Kochi, Gautam Buddha Nagar and Pune with 1 deal each.

D2C brands were the top segment in terms of the number of deals as startups in this space raised $51.3 million across 7 deals. Edtech, fintech, AI and retail startups were next on the list. 

Acquisitions this week

Apart from more than two dozen fundraisings, the week also saw four notable acquisitions. The list includes the acquisition of restaurant table reservation platform WealthDesk and OpenQ by PhonePe, Dr Sheth’s by Honasa Consumer, Leanplum by CleverTap and ION Energy’s BMS unit Maxwell Energy Systems by Endurance Tech.

*Back next week with another deal roundup