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.
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.
Details of the 16 funding rounds can be found here.
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.
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:
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.
Besides fundraising, India’s startup ecosystem saw over half a dozen merger and acquisition deals.
*Back next week with another deal roundup