Funding and acquisitions in Indian startups this week [20-25 Feb]


This week, 16 Indian startups raised funding of about $215 million. FreshToHome and NxtWave were the top fundraising startups and scooped up $104 and $33 million respectively. Last week, the fund inflow in Indian startups stood at $313 million.

[Growth/late-stage deals] 

This week, FreshToHome became the only growth or late stage startup that announced its funding round. The company scooped up a $104 million Series D round. 


Details of 16 funding rounds can be found here.

[Early-stage deals] 

In the early-stage, 13 startups have raised funds. Hrtech startup NxtWave was on top of the list with a $33 million Series A round. The list also includes Mintoak, Kratos Studios, Intangles, and Scrut Automation among others.    

[City and segment-wise deals]   

This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, 7 Bengaluru-based startups have raised funds this week amounting to $141.4 million. During the week, Mumbai-based startups raised $21.8 million across four deals.

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


SaaS startups were the top segment in terms of the number of deals and amount raised. E-commerce (including D2C brands), IoT, and HRtech startups were next on the list.


Besides fundraising, the week also saw four mergers and acquisitions. The list includes the acquisitions of logistics startup Last Decimal by Turtlefin, SKAN Marine by LEAP, Krayen by 5C Network, and The Starter Labs by Zoo Media.


While there is a decline in layoffs in startups in the past few weeks, a couple of companies including Polygon and MyGate have fired 20% and 30% of their employees respectively.

*Back next week with another deal roundup

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