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Funding and acquisitions in Indian startups this week [02-07 Jan]

This week, 16 Indian startups raised funding of which 15 received a total of about $253 million. KreditBee was the top.

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Shashank Pathak
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This week, 16 Indian startups raised funding of which 15 received a total of about $273 million. KreditBee was the top fundraiser which scooped up $120 million as a part of the Series D round. Last week, 14 homegrown startups raised funding worth about $192 million.  

Meanwhile, the details of one startup remained undisclosed. 

Growth/late-stage deals 

This week, six growth or late-stage startups raised funding. The list includes KreditBee’s $120 million round along with InsuranceDekho, SarvaGram, SirionLabs, and Jupiter among others. InsuranceDekho may raise more funds in its first external funding.

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Details of the 16 funding rounds can be found here.

Early-stage deals 

In the early-stage, 10 startups have raised funds including one undisclosed round. E-commerce startup VilCart was on top of the list with a $13 million Series A round. The list also includes fintech firm Varthana, ElectricPe, STAGE, and Vitraya among others.

Undisclosed deals    

Plus did not disclose its financial details.   

City and segment-wise deals    

This week, Bengaluru-based startups were on top in terms of the number of deals. According to Fintrackr’s data, 10 Bengaluru-based startups have raised funds this week amounting to $159.2 million or 62.95% of the total funding. During the week, Mumbai-based startups raised $47.4 million across three deals. 

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

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Fintech startups were the top segment in terms of the number of deals as startups in this space raised $199 million across eight deals. HRtech, media, e-commerce, and EV startups were next on the list. 

Acquisition 

Besides fundraising, India's startup ecosystem saw over half a dozen merger and acquisition deals. 

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*Back next week with another deal roundup

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