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funding

Funding and acquisitions in Indian startups this week [23 May-28 May]

funding

This week, 30 Indian startups raised funding, of which 29 received a total of about $251 million. Country Delight raised the highest funding this week followed by Seclore and BluSmart which raised $27 million and $25 million respectively. Last week, 28 homegrown startups raised funding worth about $438.07 million.   

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

Growth/late-stage deals 

This week, 6 growth and late-stage startups have scooped up funds which include Country Delight’s $108 million round , Seclore’s $27 million round and Miko’s $13.3 million debt round

Vedansh Pratap | Entrackr

 

Details of the 30 funding rounds can be found here.

Early-stage deals 

In the early-stage deals, 24 startups have raised funds which also include one undisclosed round. EV startup BluSmart was on top of the list with a $25 million round. The list also includes fintech startups Three Wheels United and Nakad.

Undisclosed deals   

Ving Hybrid did not disclose its 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 $192.5 million or 52.26 % of the total funding. During the week, Delhi-NCR and Mumbai-based startups raised $141.42 million and $32.35 million across 6 and 9 deals respectively, followed by Lucknow and Pune with 1 deal each.

Vedansh Pratap | Entrackr

 

Fintech startups were the top segment in terms of the number of deals as startups in this space raised $31.86 million across 7 deals. Edtech, D2C, AI and EV startups were next on the list. 

Acquisitions this week

Apart from more than three dozen fundraisings, the week also saw three notable acquisitions. The list includes the acquisition of edtech startup Rocket Skills by Krishi Network, Darshna Industries by Southco and WizKlub by Infinity Learn.

Vedansh Pratap | Entrackr

 

*Back next week with another deal roundup

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