Funding and acquisitions in Indian startups this week [05-10 Sep]


This week, 36 Indian startups raised funding, of which 31 received a total of about $231 million. NetraDyne and 1mg were the top fundraisers which scooped up $65 million and $40 million respectively. Last week, 23 homegrown startups raised funding worth about $275 million

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

Growth/late-stage deals 

This week, six growth stage startups raised their new round which includes fintech startup NetraDyne’s $65 million round and healthtech 1mg’s $40 million internal funding round which helped it to become a unicorn.

Shruti Gupta | Entrackr


Details of the 36 funding rounds can be found here.

Early-stage deals 

In the early stage, 30 startups have raised funds which also include five undisclosed rounds. Fintech startup GroMo was on top of the list with a $11 million Series A round. The list also includes construction supply chain ZippMat and fintech startup CashFlo.

Undisclosed deals    

Healthledger Diagnostics, D’chica, Plutos ONE, Travel Buddy and TSAW Drones did not disclose their financial details.   

City and segment-wise fundings   

This week, Bengaluru-based startups were on top in terms of the number of startup deals and the amount raised by them. According to Fintrackr’s data, 14 Bengaluru-based startups have raised funds this week amounting to $121.6 million or 52.67% of the total funding. During the week, Delhi-NCR-based startups raised $60.5 million across 10 deals. 

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

Shruti Gupta | Entrackr


Fintech startups were the top segment in terms of the number of deals as startups in this space raised $28.5 million across 5 deals. Healthtech, D2C brands, SaaS, construction and edtech startups were next on the list. 

Mergers and acquisitions

Apart from the fundraisings, the week also saw three acquisitions. The list includes the acquisition of risk management startup Tutelor by IppoPay, Gate Academy by Unacademy and Jofin by AscentHR.

Shruti Gupta | Entrackr



This week also saw one ESOP buyback of healthtech startup Orange Health worth $1 million.

*Back next week with another deal roundup

About Author

Send Suggestions or Tips