Funding and acquisitions in Indian startups this week [04 July- 09 July]

This week, 25 Indian startups raised funding, of which 22 received a total of about $89.69 million. Innoviti and MarketWolf were the top fundraisers which scooped up $25 million and $10 million respectively. This will be counted among the lowest amount raised by Indian startups during a week in the past couple of years. Last week, 19 homegrown startups raised worth about $275.38 million. In the previous week, the amount stood at $980 million. 

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

Growth/late-stage deals 

This week, only two growth and late-stage startups have scooped up funds which include Innoviti’s $25 million round and agritech startup WayCool’s $6.5 million debt round. Notably, there were no larger rounds in the week and the two growth startups mentioned above have raised funds as part of the previous or ongoing round. 

Details of the 25 deals can be found here.

Early-stage deals 

In the early-stage deals, 23 startups have raised funds which also include three undisclosed rounds. Fintech startup MarketWolf was on top of the list with a $10 million Series A round. The list also includes mobile-based POS startup QueueBuster and edtech startup AntWalk.

Undisclosed deals    

PayCardo, Supply6, and Agrograde did not disclose their financial details.   

City and segment-wise deals  

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, 8 Bengaluru-based startups have raised funds this week amounting to $40.56 million or 45.22% of the total funding. During the week, Delhi-NCR-based startups raised $15.5 million across 6 deals. 

The complete breakdown of deals across cities and segments in the first half can be seen below:

Fintech startups were the top segment in terms of the number of deals as startups in this space raised $37.5 million across 3 deals. D2C, edtech, EV, SaaS, proptech, healthtech, and e-commerce startups were next on the list. 

Acquisitions this week 

Apart from the fundraisings, the week also saw a couple of acquisitions. The list includes the acquisition of shipping solutions platform Shippigo by Emiza and CimplyFive by Clear.

VC Fund

Amid the slowdown in startup deals, this week four VC Funds launched their new fund. It includes ASK Investment Managers, Axilor Ventures, GVFL and Campus Fund which were worth $153 million, $100 million, $23.7 million and $10 million respectively.

*Back next week with another deal roundup