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Funding and acquisitions in Indian startups this week [03-08 Oct]


This week, 19 Indian startups raised funding of which 18 received a total of about $183.2 million. Euler Motors and Ecom Express were the top fundraisers which scooped up $60 million and $39 million respectively. Last week, 27 homegrown startups raised funding worth about $210 million

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

Growth/late-stage deals 

This week only four growth stage startups raised their new funding which includes EV startup Euler Motor’s $60 million round and Ecom Express’ $39 million round. 


Details of the 19 funding rounds can be found here.

Early-stage deals 

In the early-stage, 13 startups have raised funds including one undisclosed round. Neo-bank startup Juno was on top of the list with a $18 million Series A round. The list also includes retailtech startup BeepKart and fintech startup Xalts.

Undisclosed deals    

Humors Tech did not disclose its 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, 11 Bengaluru-based startups have raised funds this week amounting to $76.4 million or 41.73% of the total funding. During the week, Delhi-NCR-based startups raised $62 million across 2 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 $30 million across 3 deals. Hrtech, EV, Solartech, retailtech, fintech and agritech startups were next on the list. 

Mergers and acquisitions

Apart from the fundraisings, the week also saw two merger and acquisition deals. The list includes the acquisitions of chessboard maker Square Off by Miko and Coding Ninjas by Info Edge.


Fund launch

Sector agnostic SEBI registered angel fund Real Time Angel Fund (RTAF) has marked its debut investment in MyMandi from its Rs 100 crore fund. Noida-based SphitiCap is set to raise a $500 million fund.

*Back next week with another deal roundup

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