Funding and acquisitions in Indian startups this week [24-29 Oct]

This week, 15 Indian startups raised funding of which 13 received a total of about $293.3 million. Udaan and boAt were the top fundraisers which scooped up $120 million and $60 million respectively. Last week, 33 homegrown startups raised funding worth about $509.4 million. 

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

Growth/late-stage deals 

This week five growth or late stage startups raised funding. The list includes Udaan’s $120 million convertible note and debt round, boAt, SiMa.ai Byju’s among others.

Details of the 15 funding rounds can be found here.

Early-stage deals 

In the early-stage, ten startups have raised funds including three undisclosed rounds. DevOps startup Devtron was on top of the list with a $12 million Series A round. The list also includes cybersecurity startup BluSapphire, Serosoft, EMotorad, The Indus Valley, and LUVIN among others.

Undisclosed deals    

SoME, Sama, and GoFloaters 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, 6 Bengaluru-based startups have raised funds this week amounting to $204 million or 69.36% of the total funding. During the week, Delhi-NCR-based startups raised $72 million across 2 deals. 

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

D2C brands were the top segment in terms of the number of deals as startups in this space raised $62.17 million across 3 deals. Edtech, SaaS, e-commerce, AI and EV startups were next on the list. 

Fund launch

Apart from fundraisings, this week also saw one startup focused fund launch announcement of Jashvik Capital worth $350 million.

*Back next week with another deal roundup