Funding and acquisitions in Indian startups this week [29 Aug-03 Sep]

This week, 23 Indian startups raised funding, of which 19 received a total of about $275 million. EarlySalary and Skyroot Aerospace were the top fundraisers which scooped up $110 million and $51 million respectively. Last week, 26 homegrown startups raised funding worthabout $142.2 million. 

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

Growth/late-stage deals 

This week, five growth stage startups raised their new round which includes fintech startup EarlySalary’s $110 million Series Dround and spacetech startup Skyroot Aerospace’s $51 million Series B round.

Details of the 19 funding rounds can be found here.

Early-stage deals 

In the early stage deals, 18 startups have raised funds which also include four undisclosed rounds. Recruitment startup Kula was on top of the list with a $12 million seedround. The list also includes metal manufacturers Metalbook and fintech startup iPiD.

Undisclosed deals

Soptle,GREENEST, Apni BusandTortoise did not disclose their financial details.   

City and segment-wise fundings

This week, Delhi-NCR-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 Delhi-NCR-based startups have raised funds this week amounting to $10 million or 3.47% of the total funding. During the week, Bengaluru-based startups raised $69 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 million across 5 deals. Healthtech, foodtech, spacetech and recruitment startups were next on the list. 

Mergers and acquisitions

Apart from the fundraisings, the week also saw one acquisition of US-based WildWorks by Nazara Technologies.

*Back next week with another deal roundup