Funding and acquisitions in Indian startups this week [17-22 Oct]

This week, 33 Indian startups raised funding of which 29 received a total of about $509.4 million. Byju’s and Ather Energy were the top fundraisers which scooped up $250 million and $50 million respectively. Last week, 27 homegrown startups raised funding worthabout $103 million. 

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

Growth/late-stage deals 

This week six growth-late-stage startups raised funding. The list includes Byju’s $250 millionround, Ather Energy, DeHaat and Soothe Healthcare among others.

Details of the 33 funding rounds can be found here.

Early-stage deals 

In the early-stage, 27 startups have raised funds including four undisclosed rounds. Supplier of building materials GlobalFair was on top of the list with a $20 million Series Around. The list also includes blockchain startup Shardeum, Drivetrain AI and Snapmint among others.

Undisclosed deals

Progcap, OhLocal, TokSkill, and Knorish did not disclose their financial details.   

City and segment-wise deals

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, 19 Bengaluru-based startups have raised funds this week amounting to $395.3 million or 77.59% of the total funding. During the week, Delhi-NCR-based startups raised $50.1 million across 10 deals. 

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

Edtech startups were the top segment in terms of the number of deals as startups in this space raised $250.3 million across 4 deals. Fintech, EV, agritech, D2C brands and SaaS startups were next on the list. 

Mergers and acquisitions

Apart from the fundraisings, the week saw only one acquisition of online fashion marketplace Limeroad by V-Mart for $3.7 million.

Fund launch

This week, five startup-focused firms, including venture capital and debt firms, have launched their new funds. Avataar Ventures has launched a $350 million worth fund while Alteria Capital and IAN also announced their new fund worth Rs 1,000 crore ($121 million) each.

The list also counts Silverneedle Ventures’ $12 million and LenDenClub’s $0.24 million fund.

*Back next week with another deal roundup