[the_ad id="83613"]
funding

Funding and acquisitions in Indian startups this week [25 July-30 July]

funding

This week, 30 Indian startups raised funding, of which 22 received a total of about $172 million. Jai Kisan and Fi were the top fundraisers which scooped up $50 million and $45 million respectively. This is one of the lowest in terms of weekly funding. Last week, 29 homegrown startups raised funding worth about $138 million

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

Growth/late-stage deals 

This week, only three growth stage startups raised their new round which includes rural fintech startup Jai Kisan’s $50 million Series B round, neo-bank Fi’s $45 million ongoing Series C round and Logicserve’s $10.1 million debt round.

funding
Shruti Gupta | Entrackr

 

Details of the 30 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. B2B solutions startup PriceLabs was on top of the list with a $30 million Series A round. The list also includes social media startup SuperShare and e-commerce startup ChattyBao.

Undisclosed deals    

Sudo Foods, CakeZoneSportVot, Interality, Fast&Up, Chicnutrix, Lucro, and Propsoch 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 $62.44 million or 36.36% of the total funding. During the week, Mumbai-based startups raised $63.57 million across 9 deals. 

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

segment
Shruti Gupta | Entrackr

 

E-commerce, web3/crypto startups were the top segment in terms of the number of deals as startups in this space raised $7.25 million and $3.5 million across 3 deals each. B2B, healthtech, D2C brands, SaaS, and food tech startups were next on the list. 

Mergers and Acquisitions this week 

acquisition
Shruti Gupta | Entrackr

 

Apart from the fundraisings, the week also saw few acquisitions. The list includes the acquisition of social learning platform FlinKhub by Hesa, Porter by COGOS, ESOP Direct by Qapita and Indus OS by PhonePe.

*Back next week with another deal roundup

About Author

Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >

©️ All rights reserved Bareback Media Pvt. Ltd.

Send Suggestions or Tips