Funding and acquisitions in Indian startups this week [01 Aug-06 Aug]

This week, 29 Indian startups raised funding, of which 22 received a total of about $174 million. Bizongo and Xpressbees (via secondary deal) were the top fundraisers which scooped up $25 million and $24.7 million respectively. Last week, 30 homegrown startups raised funding worth about $172 million. 

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

Growth/late-stage deals 

This week, four growth stage startups raised their new round which includes B2B marketplace startup Bizongo’s $25 million Series D round, logistics startup Xpressbees’s $24.7 million round and SaaS startup WebEngage’s $20 million round.

Details of the 29 funding rounds can be found here.

Early-stage deals 

Surprisingly, early stage startups have managed to raise more funds than growth stage startups this week. In the early-stage, 25 startups have raised funds which also include seven undisclosed rounds. Fintech startup Deserv was on top of the list with a $20.7 million Series A round. The list also includes fintech startup Twid and EV startup River.

Undisclosed deals    

Bebe Burp, Covalensedigital, IMBR,  Generic Aadhaar, Incluzon, InterviewDesk and Arista Vault did not disclose their financial details.   

City and segment-wise fundings   

This week, Mumbai-based startups were on top in terms of the number of startup deals and the amount raised by them. According to Fintrackr’s data, 8 Mumbai-based startups have raised funds this week amounting to $78.5 million or 45.15% of the total funding. 

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 $72.93 million across 8 deals. SaaS, logistics, HRtech, EV and e-commerce startups were next on the list. 

Mergers and acquisitions this week 

Apart from the fundraisings, the week also saw three acquisitions. The acquisition of edtech startup Exampur by upGrad and LBB by Nykaa were notable deals on the list.

*Back next week with another deal roundup