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 worth about $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 million round, 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 A round. 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
