Funding and acquisitions in Indian startups this week [11 July- 16 July]

This week, 33 Indian startups raised funding, of which 25 received a total of about $461 million. OneCard and 5ire were the top fundraisers which scooped up $100 million each. Last week, 25 homegrown startups raised funding worth about $89.69 million. 

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

Growth/late-stage deals 

This week, six growth and late-stage startups have raised their new round which include OneCard’s $100 million unicorn round and healthtech startup LifeWell’s $80 million Series C round. The list also includes Detect Technologies, Vegrow, String Bio and Wysa.

Details of the 33 funding rounds can be found here.

Early-stage deals 

In the early-stage deals, 27 startups have raised funds which also include eight undisclosed rounds. Blockchain network 5ire was on top of the list with a $100 million Series A round at a unicorn valuation. The list also includes fintech startup Sitara and e-commerce startup Wheelocity.

Undisclosed deals    

PropReturns, Ganit, Nayam Innovations, DAOLens, Corn Junction, Digi2L, and Neem Ayu 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 $218.1 million or 47.31% of the total funding. During the week, Delhi-NCR-based startups raised $29.67 million across 7 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 $135.35 million across 6 deals. SaaS, healthtech, deeptech, e-commerce and D2C brands were next on the list. 

Mergers and Acquisitions this week 

Apart from the fundraisings, the week also saw a couple of acquisitions. The list includes the acquisition of recruitment and staffing platform Wolves India by upGrad (via Rekrut) and Clinix by MediBuddy.

During the last week, on-demand doctor consultation and medicine ordering platform MFine announced its merger with LifeCell International’s diagnostic business to create a new entity called LifeWell.

VC Fund

Among venture capital unds, Lightspeed Ventures raised a $500 million fund for India and Southeast Asia. In the ongoing calendar year, around 20 VC firms have announced their new fund. The list includes Sequoia Capital, Matrix Partners, Elevation Capital, and Jungle Ventures.

*Back next week with another deal roundup