Funding and acquisitions in Indian startups this week [12-17 Dec]

This week, 26 Indian startups raised funding of which 25 received a total of about $208 million. BumbleBee Flights and Virgio were the top fundraisers which scooped up $37 million each. Last week, 27 homegrown startups raised funding worth about $253 million.  

Meanwhile, the funding details of one startup remained undisclosed. 

Growth/late-stage deals 

This week, five growth or late-stage startups raised funding. The list includes Bumble Bee Flights’ $37 million round along with NeoGrowth, myTVS, Wellbeing Nutrition and LEAD among others.

Vedansh Pratap | Entrackr

Details of the 26 funding rounds can be found here.

Early-stage deals 

In the early-stage, 21 startups have raised funds including one undisclosed round. Fashiontech startup Virgio was on top of the list with a $37 million Series A round. The list also includes fintech firm Zype, 82°E, Grow Indigo, SafeHouse Tech and GreyQuest among others.

Undisclosed deals    

Bold did not disclose its financial details.   

City and segment-wise deals    

This week, Mumbai-based startups were on top in terms of the number of deals. According to Fintrackr’s data, 9 Mumbai-based startups have raised funds this week amounting to $71 million or 34% of the total funding. During the week, Bengaluru-based startups raised $101.3 million across 6 deals. 

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

Vedansh Pratap | Entrackr

Fintech startups were the top segment in terms of the number of deals as startups in this space raised $61 million across five deals. AI/ML, automobile, D2C brands, edtech and agritech startups were next on the list. 


Apart from fundraising, the week also had only one acquisition. HDFC Bank increased its stake in fintech startup Mintoak to 7.75%.

Fund Launches

This week also saw one fund launch of Java Capital’s $9 million seed-stage fund.

*Back next week with another deal roundup

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