This week, 13 Indian startups raised funding of which 11 received a total of about $87 million. Enzene Bioscience was the top fundraising company that scooped up $50 million. This is a sharp decline from $120 million in the last week and $525 million in the previous week.
Meanwhile, the transaction details of two startups remained undisclosed.
This week, only Enzene Bioscience raised $50 million in a new round in the growth stage deals.
Details of 13 funding rounds can be found here.
In the early-stage, 12 startups have raised funds including two undisclosed rounds. SaaS startup Freightify was on top of the list with a $12 million Series A round. The list also includes Profit.co, CapGrid, The Esports Club and Nourish You among others.
Moat School and Abhinav Maths did not disclose their financial details.
[City and segment-wise deals]
This week, Bengaluru-based startups dominated the funding chart. According to Fintrackr’s data, six Bengaluru-based startups have raised funds this week amounting to $17 million. During the week, Delhi-NCR-based startups raised $7 million across two deals.
The complete breakdown of deals across cities and segments in the first half can be seen below:
Edtech startups were the top segment in terms of the number of deals and amount raised. E-commerce (including D2C brands) and healthtech startups were next on the list.
Apart from fundraising, the week also saw one merger and acquisitions deal as workshop chain startup SpeedForce got acquired by ReadyAssist.
This week, over 1,100 employees have been laid off by three companies: Byjus, Onsitego, and FarEye. Last week, around four companies sacked more than 500 employees in the ongoing funding winter.
Apart from layoffs and acquisitions, this week also saw two fund launches for Indian startups. The list includes IndoSpace’s $205 million fund launch and Courtside Ventures’ $100 million fund.
*Back next week with another deal roundup